Guangdong Yueyun Transportation Company Limited (the “Company,” Stock Code: 03399) announced proposals to renew annual caps for its existing continuing connected transactions from 1 January 2026 to 31 December 2028. The counterparties include Guangdong Provincial Communication Group Company Limited (“GCGC”), which holds approximately 74.12% of the Company’s issued share capital and is thus a connected person under Hong Kong’s Listing Rules.

The proposals cover the Subcontracting Arrangements under the Company’s First Right of Operation Agreement, whereby the Group may operate expressway service zones and advertising resources, as well as the Rescue Services Entrustment Master Agreement, which will be extended for an additional three years. The highest applicable percentage ratio under the Listing Rules for these transactions exceeds 5%, making them subject to reporting, annual review, announcement, and independent shareholders’ approval.

Under the renewed plan, the proposed annual caps for Subcontracting Arrangements in 2026, 2027, and 2028 amount to approximately RMB376.31 million, RMB425.70 million, and RMB436.33 million, respectively. Meanwhile, the proposed annual caps for the rescue services to be received by GCGC in the same three years stand at around RMB314.33 million, RMB316.12 million, and RMB317.92 million, respectively.

According to the announcement, an extraordinary general meeting (EGM) is expected to be convened by the end of December 2025 for independent shareholders to consider and vote on the proposed transactions and their annual caps. Parties with material interests will abstain from voting. A circular with further details, including letters from the Independent Board Committee and the Independent Financial Adviser, is scheduled for dispatch on or around 1 December 2025.