Dongguan Holdings (000828.SZ) plans to acquire some of the shares in Xinzhao Company held by Dongguan Road and Bridge

According to the Zhitong Finance App, Dongguan Holdings (000828.SZ) announced that the company currently indirectly holds 35% of the shares of Dongguan Xinzhao Investment Co., Ltd. (“Xinzhao Company”). In order to further increase the shareholding ratio, obtain control over Xinzhao Company and include it in the scope of the consolidated statement, the company and Dongguan Road and Bridge Investment and Construction Co., Ltd. (“Dongguan Road and Bridge” for short) signed a “Share Transfer Intent Agreement” on November 12, 2026 to acquire part of Xinzhao Company's shares held by Dongguan Road and Bridge in order to combine the Dongguan section of the Huichang Expressway project.

After the transaction is completed, the company will combine the Huizhou Huidong to Dongguan Changping Expressway Dongguan Section Project (“Huichang Expressway Dongguan Section Project”), adding 14.9 kilometers of highway mileage, effectively expanding the scale of the company's main highway business and further enhancing its sustainable profitability.