Anhui Transportation Holding Capital Investment Co., Ltd. entered into an agreement to acquire 6.6225% stake in Xin'an Financial Group Co.,LTD from Anhui Expressway Company Limited (SEHK:995) for CNY 66.8 million on September 20, 2023. The consideration for the disposal is CNY 66.76 million. Payment will be completed within 5 days after the signing of the Equity Transfer Agreement and the approval from the relevant government authorities having been obtained.

Upon completion of the disposals, Anhui Expressway Company will cease to have any interest in Xin'an Financial. Xin'an Financial Group reported Profit before taxation of CNY 94.9209 million, Profit after taxation of CNY 75.11 million. The net assets and total assets were approximately CNY 2,733,115.6 thousand and RMB3,054,372.8 thousand, respectively.

The transaction was approved by Directors of Anhui Expressway.