Sichuan Expressway Company Limited (SEHK:107) agreed to acquire Sichuan Chengdu Second Expressway Development Co., Ltd. from Sichuan Shu Dao Expressway Group Co., Ltd. and Sichuan Road and Bridge (Group) Co., Ltd. for CNY 5.9 billion on February 17, 2023. Sichuan Shu Dao will sell 81% stake and Sichuan Road will sell 19% stake in Sichuan Chengdu Second. Transaction has been approved by Sichuan Expressway Company's board and is subject to approval of shareholders. As on March 9, 2023, Transaction is approved by Sichuan Road & Bridge's shareholders. For the period September 30, 2022, Sichuan Chengdu had CNY 16,350 million of total assets, CNY 2,940 million of net assets, CNY 515.291 million of revenues, CNY -91.956 million of net income after tax, 12258.459 million of total debt. Ernst & Young (Hong Kong) Limited acted as an accountant, Octal Capital Limited acted as financial advisor, Lego Corporate Finance Limited acted as financial advisor, Beijing North Asia Asset Assessment Firm (Special General Partnership) acted as an independent qualified valuer in the PRC. and Chelbi Engineering Consultants, Inc as an independent professional traffic consultant in the PRC. to Sichuan Expressway Company Limited.

Sichuan Expressway Company Limited (SEHK:107) completed the acquisition of Sichuan Chengdu Second Expressway Development Co., Ltd. from Sichuan Shu Dao Expressway Group Co., Ltd. and Sichuan Road and Bridge (Group) Co., Ltd. on May 4, 2023.