After the trading session on September 13, 2024, Zhejiang Huhang Yong announced that its wholly-owned subsidiary Huihang Company signed an emergency rescue engineering contract with Jiaogong Maintenance to resolve the G56w325 high slope collapse problem caused by severe weather and ensure smooth transportation safety. Jiaogong Maintenance will be responsible for implementing a two-stage project, including emergency clearance and disaster prevention, and is expected to complete all projects by November 15, 2024. The transaction is considered a related party transaction according to Chapter 14A of the Listing Rules, but is exempt from independent shareholder approval due to its small scale. Jiaogong Maintenance is an indirectly non-wholly-owned subsidiary of the transportation group, and the terms of the transaction are considered fair and reasonable.

After the trading session on September 13, 2024, Zhejiang Huhang Yong announced that its wholly-owned subsidiary Huihang Company signed an emergency rescue engineering contract with Jiaogong Maintenance to resolve the G56w325 high slope collapse problem caused by severe weather and ensure smooth transportation safety. Jiaogong Maintenance will be responsible for implementing a two-stage project, including emergency clearance and disaster prevention, and is expected to complete all projects by November 15, 2024. The transaction is considered a related party transaction according to Chapter 14A of the Listing Rules, but is exempt from independent shareholder approval due to its small scale. Jiaogong Maintenance is an indirectly non-wholly-owned subsidiary of the transportation group, and the terms of the transaction are considered fair and reasonable.