JIANGSU EXPRESSWAY (00177.HK): EGM Approves Sunan Expressway Acquisition and Interim Dividend

NewTimeSpace News: On 28 October 2026, Jiangsu Expressway Company Limited (stock code: 00177) announced the results of its first extraordinary general meeting of 2026, held in Nanjing on 27 October and chaired by chairman Wang Feng, with 423 shareholders and proxies attending in person or by proxy, representing 3,687,500,572 shares or 73.20% of the total voting shares.

All three ordinary resolutions were passed and none was rejected. The resolution approving the acquisition of 65%, 22.82% and 12.18% stakes in Jiangsu Suxichang South Expressway Co., Ltd. from Jiangsu Communications Holdings, Wuxi Communications Industry Group and Changzhou Communications Holding Group received 99.97% approval; the resolution approving the guarantee arrangement for the target's debts received 99.96%; and the resolution approving the 2026 interim profit distribution of RMB0.25 per share (tax inclusive) received 99.63%.

Jiangsu Communications Holdings, as a connected shareholder holding 2,922,118,825 shares together with its associates, abstained from voting on the two acquisition-related resolutions. KPMG Huazhen served as scrutineer for the vote.