Anhui Expressway Seeks Independent Shareholder Approval for Major Construction Services Deal

Anhui Expressway Company ( (HK:0995) ) has provided an announcement.

Anhui Expressway Company has entered into a Construction and Other Services Framework Agreement with its controlling shareholder, Anhui Transportation Holding Group, under which the latter and its controlled entities may provide construction and related services to the group for three years from the effective date. Because the transaction size exceeds key thresholds under Hong Kong’s connected transaction rules, the arrangement requires disclosure, annual review and approval by independent shareholders.

An independent board committee has been formed to assess whether the terms and service caps are fair, reasonable and in the company’s ordinary course of business, and Rainbow Capital (HK) Limited has been appointed as independent financial adviser to guide the committee and minority investors. The company plans to dispatch a circular with detailed terms, recommendations and an EGM notice by 25 August 2026, signaling a formal governance process for a significant related-party arrangement that could shape future construction spending and stakeholder oversight.