Stock Code: 000429 200429

Stock Abbreviation: Yue Expressway A Yue Expressway B

Announcement No.: 2025-028

Guangdong Provincial Expressway Development Co. Ltd.The Semi-Annual Report Summary 2025I. Important Notice

This semi-annual report Summary is extracted from the full interim report. To fully understand the

Company’s operating results financial position and future development plans investors should

read the complete interim report on the websites designated by the CSRC.All directors attended the board meeting at which this report was reviewed.Explanation on “non Qualified Opinion” from CPA

□Applicable √ Not applicable

Profit-distribution plan or capital-reserve-to-share-capital conversion plan for the reporting period

as approved by the Board

□ Applicable √ Not applicable

The Company proposes no cash dividend no bonus-share issue and no capitalization of reserves

into share capital.Preferred-stock profit distribution plan approved by the Board for the current reporting period

□ Applicable √ Not applicable

II. Company Profile

1. Company Profile

Stock Expressway A Expressway

Stock code 000429 200429

abbreviation: B

Stock exchange

Shenzhen Stock Exchange

for listing

Contact person

and contact Board secretary Securities affairs Representative

manner

Name Yang Hanming Liang Jirong

46/F Litong Plaza No.32 Zhujiang 45/F Litong Plaza No.32 Zhujiang

Contact address East Road Zhujiang New City East Road Zhujiang New City

Tianhe District Guangzhou Tianhe District Guangzhou

Tel 020-29004619 020-29004523

Fax 020-38787002 020-38787002

E-mail Hmy69@126.com 139221590@qq.com

2. Summary of Accounting Data and Financial Indicators

Whether it has retroactive adjustment or re-statement on previous accounting

data

□Yes √ No

Reporting period Same period of YoY+/-

2last year （%）

Operating income（yuan） 2117962773.25 2230865662.20 -5.06%

Net profit attributable to the

shareholders of the listed company 1057152854.14 855465441.00 23.58%（yuan）

Net profit after deducting of

non-recurring gain/loss attributable to

799059384.63883859403.20-9.59%

the shareholders of listed company（yuan）

Cash flow generated by business

1897666782.551603256009.6818.36%

operation net（yuan）

Basic earning per share(yuan/Share) 0.51 0.41 24.39%

Diluted gains per share(yuan/Share) 0.51 0.41 24.39%

Weighted average income/asset ratio

9.75%8.45%1.30%

（%）

As at the end of the As at the end of YoY+/-

reporting period last year （%）

Gross assets（yuan） 24453892891.79 22441664114.93 8.97%

Shareholders’ equity attributable to

shareholders of the listed company 10512941388.44 10468100319.53 0.43%（yuan）

3. Shareholders and actual controlling shareholder

Total number of common Total number of preferred

shareholders at the end of the 56531 shareholders that had restored thevoting right at the end of the 0

reporting period reporting period (if any)

Top ten shareholders(Excludes shares lent through refinancing)

Proportio Amount of Number of share

Nature of Number

n of restricted pledged/frozen

Shareholders sharehold of shares

shares shares State of Amoun

er held

held（%） held share t

Guangdong State-own

Not applica

Communication ed legal 24.56% 51348548 410105730 8 0ble

Group Co.Ltd person

Guangdong

State-own

Highway Not applica

ed legal 22.30% 466325020 0 0Construction ble

person

Co. Ltd

Shangdong

Expressway State-own

Not applica

Investment ed legal 9.68% 202429927 0 0ble

Development person

Co. Ltd.Guangdong State-own 2.53% 52937491 19582228 Not applica 0

3Provincial ed legal ble

Freeway Co.Ltd. person

China Life

Insurance Co.Ltd－Traditional Not applica

－General Other 2.45% 51231687 0 0

insurance ble

products-005L－

CT001 Shanghai

China Pacific Life

Insurance Co.Ltd.-China

Pacific Life Equity

Dividend

Product (Life Not applica

Proprietary Other 1.81% 37812274 0 0ble

Trading)

Entrusted

Investment

(ChangjiangPension)）

Overseas

Not applica

HKSCC legal 0.78% 16394397 0 0

ble

person

State-own

Orient Securities Not applica

Co. Ltd ed legal 0.66% 13758802 0 0ble

person

Overseas

Xinyue Not applica

Company legal 0.63% 13201086 0 0ble

person

Agricultural Bank

of China

Co.Ltd-China Not applica

Post Core Other 0.48% 10000000 0 0ble

Growth Mixed

Securities

Guangdong Communication Group Co. Ltd. is the parent

company of Guangdong Highway Construction Co. Ltd.，Guangdong Provincial Freeway Co.Ltd. and Xinyue Co. Ltd.Related or acting-in-concert

It is unknown whether there is relationship between other

parties among shareholders

shareholders and whether they are persons taking concerted

above

action specified in the Regulations on Disclosure of

Information about Change in Shareholding of Shareholders of

Listed Companies.Top 10 ordinary shareholders

conducting securities margin None

trading (if any)

Information of shareholders holding more than 5% of the shares the top 10 shareholders and the

top 10 shareholders of unrestricted tradable shares participating in the lending of shares in

4securities lending and borrowing business

□ Applicable √ Not applicable

The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed

compared with the previous period due to the securities lending/returning

□ Applicable √ Not applicable

4. Changes in controlling shareholders or actual controllers

Change of controlling shareholder during the reporting period

□Applicable□Not applicable

The Company had no change of controlling shareholder during the reporting period

Change of actual controller during the reporting period

□Applicable□Not applicable

The Company had no change of actual controller during the reporting period

5. Statement of the Total Number of Preferred Shareholders and the Shareholdings of the

Top 10 Preferred Shareholders

□Applicable□Not applicable

The Company had no preferred stock in the Period.

6. Bonds outstanding as of the date the semi-annual report was approved for disclosure

□Applicable□Not applicable

III. Significant event

1.During the reporting period the Company received relevant government documents clarifying

that the Guangfo Expressway was recovered and managed by the government and the operation

and management expenses of Guangfo Expressway Co. Ltd. were paid in advance on behalf shall

be paid by relevant units after audit and liquidation in accordance with the procedures.Accordingly Guangfo Company has offset the bad debt provision of 342942142.53 yuan that had

been accrued to cover the management and maintenance expenses of Guangzhou-Foshan

Expressway.

2.On March 3 2025The 27th meeting of the 10th Board of Directors reviewed and approved the

Proposal on Increasing Capital to Guangdong Guanghui Expressway Co. Ltd. to Invest in the

Reconstruction and Expansion Project of Huizhou Xiaojinkou to Guangzhou Luogang Section of

Jiguang Expressway and Huizhou Xiaojinkou to Lingkeng Section of Guanghui Expressway：1.Agreed that the Company will increase capital to Guangdong Guanghui Expressway Co. Ltd. to

invest in the construction of the reconstruction and expansion project of the Huizhou Xiaojinkou

to Guangzhou Luogang section of the Jiguang Expressway and Huizhou Xiaojinkou to Lingkeng

section of the Guanghui Expressway;2. Agreed that the Company will take the estimated total

investment amount of 30.52 billion yuan of the project approved by the Guangdong Provincial

Development and Reform Commission as the basis and the project capital is 35% of the total

investment and the Company will bear the capital contribution according to the 51% share ratio of

5Guangdong Guanghui Expressway Co. Ltd. and the final settlement price of the project shall

prevail.

6