Ninghu Expressway: Controlling shareholder and acting in concert together increased their holdings of H shares, raising their ownership to 57.01%.

The Ninghu Expressway announced that from January 9 to January 21, 2026, the controlling shareholder of Jiangsu Jiaokong and its wholly-owned subsidiary Yunshan Capital will increase their holdings of the company's H shares by 28.4 million shares through the Stock Connect, accounting for 0.56% of the total shares of the company. The funds for the increase in holdings are from their own funds. After the increase, the combined shareholding of Jiangsu Jiaokong and its concerted actions will increase from 56.45% to 57.01%, reaching a multiple of 1%. This transaction does not trigger a mandatory takeover bid, does not change the controlling shareholder and the actual controller, and does not require the disclosure of an equity change report. In the future, Jiangsu Jiaokong and its concerted actions will seize the opportunity to continue to increase their holdings of H shares.