Shandong Hi-Speed Road & Bridge Group Co., Ltd. (Address: No. 14677, Jingshi Road, Lixia District, Jinan City, Shandong Province)
Announcement on the Public Offering of Corporate Bonds (Phase I) in 2026 to Professional Investors
Issuer: Shandong Hi-Speed Road & Bridge Group Co., Ltd. Lead Underwriters: Guotai Haitong Securities Co., Ltd., Ping An Securities Co., Ltd., CITIC Securities Co., Ltd. Trustee: Guotai Haitong Securities Co., Ltd. Issuance Amount: Not exceeding RMB 500 million (including RMB 500 million) Credit Rating Result: Issuer AAA Credit Rating Agency: United Credit Ratings Co., Ltd. Date of Signing: June 2, 2026
The company and all its directors, supervisors, senior management, or personnel performing equivalent duties guarantee that the content of this announcement is true, accurate, and complete.
Important Matters Notice
- Shandong Hi-Speed Road & Bridge Group Co., Ltd. (hereinafter referred to as the "Issuer," "Shandong Road & Bridge," "the Company," or "Company") obtained approval from the China Securities Regulatory Commission (CSRC) on August 14, 2025, via Document No. (2025) 1756, to publicly issue corporate bonds with a face value not exceeding RMB 4 billion (including RMB 4 billion) to professional investors in China (hereinafter referred to as "the Bonds").
The Bonds will be issued in tranches. "Shandong Hi-Speed Road & Bridge Group Co., Ltd. 2026 Public Offering of Corporate Bonds to Professional Investors (Phase I)" (hereinafter referred to as "this Tranche of Bonds") is the fourth issuance under the Bond approval. The issuance size is not exceeding RMB 500 million (including RMB 500 million). The bond is abbreviated as "26 Shan Lu 01" and its bond code is "524853.SZ."
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The issuance size of this Tranche of Bonds is not exceeding RMB 500 million (including RMB 500 million). Each bond has a face value of RMB 100, and the number of bonds issued is not exceeding 5 million (including 5 million). The issuance price is RMB 100 per bond.
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In accordance with the "Securities Law" and other relevant regulations, this Tranche of Bonds is exclusively offered to institutional investors among professional investors. Retail investors and individual investors among professional investors are not permitted to participate in the subscription. After listing, this Tranche of Bonds will be subject to investor suitability management, with only institutional investors among professional investors participating in trading. Transactions by retail investors and individual investors among professional investors for subscription or purchase will be invalid.
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United Credit Ratings has comprehensively assessed the Issuer's main credit rating as AAA, with a stable rating outlook. This Tranche of Bonds has no rating. As of the most recent period-end before the issuance and listing of this Tranche of Bonds (end of 2025), the net assets were RMB 42.838 billion, with a consolidated asset-liability ratio of 76.51% and a parent company asset-liability ratio of 55.04%. The average annual distributable profit for the last three fiscal years was RMB 2,279.4039 million (the average net profit attributable to the parent company for 2023, 2024, and 2025 was RMB 2,288.6789 million, RMB 2,322.3385 million, and RMB 2,227.1943 million, respectively). It is projected to be no less than 1 times the annual interest of this Tranche of Bonds. The Issuer's financial indicators meet the relevant requirements prior to this issuance.
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Upon completion of this issuance, the Company will promptly apply to the Shenzhen Stock Exchange for the listing and trading of this Tranche of Bonds. This Tranche of Bonds meets the listing conditions of the Shenzhen Stock Exchange and will be traded through matching, click-to-trade, inquiry, competitive bidding, and negotiation. However, prior to the listing of this Tranche of Bonds, significant changes in the Company's financial status, operating performance, cash flow, and credit rating may occur, and the Company cannot guarantee that the application for listing will be approved by the Shenzhen Stock Exchange. If the Bonds cannot be listed at that time, investors have the option to sell them back to the Company. The investment risks and liquidity risks arising from changes in the Company's operating performance and profitability will be borne by the bondholders. The Bonds cannot be listed on any trading venue other than the Shenzhen Stock Exchange.