Guangdong Expressway announced that the company plans to acquire 25% of the shares of the Beijing-Zhuhai Expressway Guangzhu Section Co., Ltd. held by Xinyue Highway Construction Co., Ltd. through an agreement and has commissioned Zhonglian International Real Estate Land Asset Assessment Consulting Co., Ltd. to carry out asset evaluations. Using December 31, 2025 as the evaluation reference date, the total book value of shareholders' equity in the Guangzhu section of the Beijing-Zhuhai Expressway was 3,096 billion yuan, and the assessed value using the income method was 3.81 billion yuan, with an impairment rate of 0.46%. The evaluation findings are valid from December 31, 2025 to December 30, 2026.

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