On June 3, 2024, Zhejiang Express announced that the company and its related subsidiary companies have signed a fence contract with Jiaogong Yanghu, Zhejiang Shunshang and Maintenance Company to carry out the highway fence renovation and upgrading project. The project includes the Hangzhou section, Shaoxing section, Jiaxing section of the Zhejiang Expressway, Zhoushan Cross-sea Bridge and Hangzhou-Hefei Expressway and other sections. The contract period is until November 30, 2024, and the total service fee reaches 111,211,600 yuan. This transaction is a continuing connected transaction since both Jiaogong Yanghu and Zhejiang Shunshang and Maintenance Company are indirect subsidiary companies of the controlling shareholder, Transportation Group. According to listing rules, the transaction has complied with declaration, announcement and annual review requirements, but independent shareholder approval...Show More

On June 3, 2024, Zhejiang Express announced that the company and its related subsidiary companies have signed a fence contract with Jiaogong Yanghu, Zhejiang Shunshang and Maintenance Company to carry out the highway fence renovation and upgrading project. The project includes the Hangzhou section, Shaoxing section, Jiaxing section of the Zhejiang Expressway, Zhoushan Cross-sea Bridge and Hangzhou-Hefei Expressway and other sections. The contract period is until November 30, 2024, and the total service fee reaches 111,211,600 yuan. This transaction is a continuing connected transaction since both Jiaogong Yanghu and Zhejiang Shunshang and Maintenance Company are indirect subsidiary companies of the controlling shareholder, Transportation Group. According to listing rules, the transaction has complied with declaration, announcement and annual review requirements, but independent shareholder approval is not required. The board of directors believes that the fence contract terms are fair and reasonable, in line with the interests of the company and shareholders, and that the transaction price does not exceed the market average price. Our company's main business is to invest, develop and operate high-grade highways, and engage in other businesses through Zheshang Securities Co., Ltd.