ANHUI EXPRESSWAY COMPANY LIMITED
                                          995




                            (1)
                      (2)
                            (3)

(1)

      2023   1   19




(2)

      2023   1   19
                                                GX-07




                                  –1–
(3)

      2023     1       19
                                                     GX-ZXSYS




                                            31.63%


                                                                14A




                             0.1%      5%
                                                                14A




        2023       1    19




                                    –2–
      2023   1   19




(1)


(2)



(3)


(4)


(5)


(6)


(7)


(8)


(9)




                              P.O42.5   P.O52.5




                      –3–
                        2023      1     2025   5




257,393,328.00




P.O42.5                           375


P.O52.5                           422




              =               +           –



                                                                   28
2022      9




3
                  (i)
       (ii)                                                (iii)   (iv)
                        (v)




                                                   –4–
                                3%
                      30                             70%
30%                                      30




      2023   1   19




(1)


(2)




                                                   GX-07




                           12




                                              232,229,427.16




                                 –5–
                                                  3


(i)                                                   (ii)
                             (iii)        (iv)
            (v)




      97%
                                           99%   1%
                                                  100%
                                     14
                   3%




            2023   1    19




(1)


(2)




                             –6–
                                            GX-ZXSYS




                               28                             2023   1




                                                         15,465,710




3
           (i)
    (ii)                            (iii)              (iv)
                 (v)




                       –7–
                                30%                               40%
30%




              5%             2.5%                       +2.5%




             2023     2024     2025     12    31
                                    110,000,000                  110,000,000
38,000,000                      (1)                                  (2)
      (3)


             2023     2024      2025     12      31
                                      30,000,000                 150,000,000
90,000,000                      (1)                                  (2)
      (3)


                    2023     2024      2025      12         31
                                          4,580,000                6,790,000
4,095,710                     (1)                     (2)                  (3)




                                                                     ,



                                                                     /




                                         –8–
2023   1   19




                –9–
– 10 –
                   31.63%


                             14A




0.1%   5%
                            14A




            – 11 –
                   2023    1     19             GX-
ZXZYS




                          H
A


                    2023       1      19
GX-07




           14.07




                          2023     1       19




        – 12 –
                           G50



 %




2023   1   19




                – 13 –