Huayu Expressway says Huamaojiu sole distributorship lapses but exclusivity continues in 2026

• Huayu Expressway issued a supplemental clarification on its planned acquisition, outlining strategy shifts ahead of the Qing Ping Expressway handback in 2026.
• Operations in the toll road industry expected to cease in 2026; assessments of 11 PRC toll road projects completed, with most dropped due to high investment needs.
• Liquor and spirits trading flagged as the main operating business post-2026, led by exclusive distribution of Kweichow Moutai’s Huamaojiu in mainland China.
• The Huamaojiu sole distributorship agreement expired Dec. 31, 2025; no new 2026 contract signed, though exclusivity is expected to continue.
• Revenue and profit declines in 2025 attributed to weak demand, channel inventory, price falls; focus shifts to destocking, online sales, corporate bulk sales.
• Renhuai distillery project near completion with trial production; own-brand Huayujiu launch planned, with construction of an operating center slowed to preserve cash.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Huayu Expressway Group Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260722-12253053), on July 22, 2026, and is solely responsible for the information contained therein.