PROPOSED ISSUANCE OF CORPORATE BONDS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.This announcement is for information purposes only and does not constitute an invitation or offer to acquire purchase or subscribe for any securities of the Company.安徽皖通高速公路股份有限公司 ANHUI EXPRESSWAY COMPANY LIMITED (incorporated in the People’s Republic of China with limited liability as a joint stock company) (Stock Code: 995) PROPOSED ISSUANCE OF CORPORATE BONDS The Board is pleased to announce that the proposal to issue corporate bonds with a total principal amount not exceeding RMB5000000000 by the Company was resolved and approved by the Board on 28 June 2024 and the relevant resolution will be submitted to the Shareholders for consideration and approval at the general meeting.This announcement is made by Anhui Expressway Company Limited (the “Company”) pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the requirements under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).PROPOSED ISSUANCE OF CORPORATE BONDS The board of directors of the Company (the “Board”) is pleased to announce that the proposal to issue corporate bonds with a total principal amount not exceeding RMB5000000000 by the Company (the “Corporate Bonds”) was resolved and approved by the Board on 28 June 2024 and the relevant resolution will be submitted to the shareholders of the Company (the “Shareholders”) for consideration and approval at the general meeting.– 1 –The description and details of the proposed issuance of corporate bonds are as follows: I. Fulfilment of Conditions to Issue the Corporate Bonds by the Company In accordance with the Company Law of the People’s Republic of China the Securities Law of the People’s Republic of China the Administrative Measures for Issuance and Trading of Corporate Bonds and other relevant laws regulations and normative documents the Company complies with the conditions and requirements stipulated in the laws and regulations and policies relating to the public issuance of corporate bonds and is qualified for the public issuance of corporate bonds.II. Overview of the Proposed Issuance To meet the needs of the Company’s operation and business development further broaden the financing channels and reduce the financing costs the Company proposes to issue corporate bonds publicly to professional investors the issuance plan of which is as follows: (I) Issue size of the Corporate Bonds The issue size of the Corporate Bonds shall not exceed RMB5 billion (inclusive) and the final size to be registered shall be subject to the amount set out in the consent registration permit document received by the issuer of the corporate bonds. The specific issue size shall be determined within the range mentioned above in light of the Company’s capital needs and the market conditions at the time of issuance.(II) Issue method of the Corporate Bonds The Corporate Bonds shall be issued publicly to professional investors which may be issued in one tranche or installments upon registration with the China Securities Regulatory Commission (the “CSRC”). The specific issue method shall be determined under relevant regulations and market conditions.(III) Maturity and type of the Corporate Bonds The maturity of the Corporate Bonds shall not exceed five years (inclusive) and may be issued in a single maturity or a mixture of multiple maturities. The specific maturity composition and the size of each maturity type shall be determined under relevant regulations and market conditions.– 2 –(IV) Par value issue price and coupon rate of the Corporate Bonds The Corporate Bonds will have a par value of RMB100 and will be issued at par.The coupon rate of the Corporate Bonds shall be determined based on the results of a market inquiry by the Company in consultation with the lead underwriter under relevant state regulations and the results of the inquiry.(V) Use of proceeds from Issuance of the Corporate Bonds The uses of proceeds from the issuance of the Corporate Bonds include but are not limited to project construction equity contribution repayment of debts and replenishment of working capital etc. The specific uses of proceeds shall be determined based on the Company’s capital needs and its debt structure.(VI) Collateral arrangement of the Corporate Bonds The Corporate Bonds will be unsecured.(VII) Protective measures for repayment of the Corporate Bonds The Company undertakes to adopt corresponding protective measures for repayment under relevant laws and regulations in the event that it is anticipated that it will not be able to repay the principal and interest of the Corporate Bonds on time or will fail to repay the principal and interest of the corporate bonds on time when due. The protective measures for repayment include but are not limited to: 1. not to distribute any profit to the Shareholders; 2. to postpone the implementation of capital expenditure projects such as material external investment merger or acquisition; 3. to reduce or discontinue the payment of salaries and bonuses of directors and senior management; and 4. not to approve any transfer or secondment of the Company’s principal persons in charge.(VIII) Target of issuance of the Corporate Bonds The Corporate Bonds will be issued to professional investors in compliance with the provisions of the Securities Law of the People’s Republic of China.– 3 –(IX) Arrangements for listing of the Corporate Bonds Subject to the fulfilment of the listing conditions the Company will apply for the listing and trading of the Corporate Bonds on the Shanghai Stock Exchange.(X) Validity period of the resolution Except for item (V) above (Use of proceeds from Issuance of the Corporate Bonds) which shall continue to be valid for the duration of the Corporate Bonds the validity period of the resolution in respect of the issuance shall commence from the date of consideration and approval by the general meeting to the expiration of 24 months from the date on which the corporate bonds to be issued publicly are registered.To facilitate the smooth issuance of the Corporate Bonds the Board will propose to the general meeting of the Company to grant a mandate to the Board to deal with specific matters relating to the issuance including but not limited to the followings: 1. to determine the specific matters of the issuance plan of the Corporate Bonds in accordance with national laws regulations and relevant provisions of the securities regulatory authorities and resolutions of the general meeting of the Company including but not limited to the issue size issue method maturity use of proceeds interest rate or how the interest rate is to be determined issue date rating arrangements term and manner of repayment of the principal and interest existence or otherwise of resale or redemption clauses and other matters relating to the issuance plan of the Corporate Bonds. 2. in the event of changes in national laws and regulations or the policies of regulatory authorities or changes in market conditions except for matters which are required to be re-determined at the general meeting of the Company as stipulated under the relevant laws regulations and the articles of association of the Company appropriate adjustments may be made to the issuance plan of the Corporate Bonds in accordance with the opinions of the regulatory authorities (if any) or a decision may be made on whether or not to proceed with the Corporate Bonds in light of the actual situation; 3. to take all necessary and incidental actions and steps in relation to the reporting issuance and trading of the Corporate Bonds including but not limited to applying to the relevant regulatory authorities on behalf of the Company for approvals registrations filings and registrations in relation to the reporting issuance and trading of the Corporate Bonds formulating revising signing and executing all necessary agreements and legal documents in relation to the reporting issuance and trading of the Corporate Bonds fulfilling the disclosure obligations and handling other matters relating to the reporting issuance and trading of the Corporate Bonds as well as signing all required documents; – 4 –4. to handle all matters relating to the issuance and trading of the Corporate Bonds; 5. to take all necessary actions to determine or handle all other matters relating to the issuance and listing of the Corporate Bonds; 6. the mandate mentioned above shall be valid from the date of consideration and approval by the general meeting to the date of completion of the mandate matters.A circular containing the details of the above-mentioned issuance and the notice of the general meeting will be dispatched to the Shareholders in due course.The proposed issuance of corporate bonds may or may not proceed. Shareholders and investors are advised to exercise caution when dealing in the shares of the Company.By Order of the Board Anhui Expressway Company Limited Lee Chung Shing Company Secretary Hefei Anhui the PRC 28 June 2024 As at the date of this announcement the Board of the Company comprises: Wang Xiaowen (chairman) Yu Yong Chen Jiping and Wu Changming as executive directors Yang Xudong and Du Jian as non-executive directors and Zhang Jianping Lu Taiping and Zhao Jianli as independent non-executive directors.This announcement was originally prepared in Chinese. In the event of discrepancies between the Chinese and the English version the Chinese version shall prevail.–5–