On December 20, 2024, ZHEJIANGEXPRESS signed two related party transaction contracts with a consortium composed of the Smart Transportation Institute and Zhejiang Shunchang, with a total value of 4,866,703 yuan. These contracts include the toll station comprehensive renovation project contract and the road facilities comprehensive enhancement project contract, aimed at integrating and upgrading toll station facilities to improve road traffic efficiency and safety.The content of the contracts covers work such as basic data collection, scheme design, construction drawing design, equipment procurement, on-site construction, and installation debugging. Service fees are determined through public bidding, and payments will be made in phases, primarily with most payments made after project completion acceptance, with the remaining balance paid after the defect liability period expires.Since...Show More

On December 20, 2024, ZHEJIANGEXPRESS signed two related party transaction contracts with a consortium composed of the Smart Transportation Institute and Zhejiang Shunchang, with a total value of 4,866,703 yuan. These contracts include the toll station comprehensive renovation project contract and the road facilities comprehensive enhancement project contract, aimed at integrating and upgrading toll station facilities to improve road traffic efficiency and safety.The content of the contracts covers work such as basic data collection, scheme design, construction drawing design, equipment procurement, on-site construction, and installation debugging. Service fees are determined through public bidding, and payments will be made in phases, primarily with most payments made after project completion acceptance, with the remaining balance paid after the defect liability period expires.Since both the Smart Transportation Institute and Zhejiang Shunchang are subsidiaries of the major shareholder of ZHEJIANGEXPRESS, the Transportation Group, this transaction constitutes a related party transaction. According to listing rules, this transaction, when combined with similar transactions in the past 12 months, has a percentage rate exceeding 0.1% but below 5%, and is subject to reporting and announcement requirements, but is exempt from compliance with independent shareholder approval requirements.