Core business of Shandong Expressway Co., Ltd.

At present, the core business of Shandong Expressway Co., Ltd. is to manage the Neiji (South)-Qingdao (Island) Expressway, Ji (South)-Lai (Wuhu) Expressway, (North)-Jingfu (Zhou) Expressway, the northern section of De (Zhou)-Qi (He) Expressway, and Tai (An)-Qu (Fu) Expressway in Shandong Province.

The road and bridge assets under the jurisdiction of Shandong Expressway Co., Ltd. are located in the economically developed areas of Shandong Province. They not only run through the industrial corridor of Shandong Province, but also cross the major political, industrial and economic centers and important port cities in the province. At the same time, they connect the major tourist cities in Shandong Province, including the major highway bridges on the main stream of the Yellow River in China, forming a triple highway artery, "one mountain (Mount Tai), one water (spring city), a saint tourist hotline (Qufu, the hometown of Confucius) and the main throat of the Yellow River". Among them, Qing Ji Expressway crosses Shandong Peninsula and connects five national highways and 15 provincial trunk highways, which is an "industrial corridor" and a "golden passage" running through Shandong Province. In 2004, Shandong Expressway Co., Ltd. was approved to invest in the construction of Ji (South)-Lai (Wu) Expressway. This highway is not only an important auxiliary line of Beijing-Shanghai Expressway and Beijing-Fuzhou Expressway, but also connected with the Qingdao-Laiwu section of the proposed national key highway, which is the connecting section between the national key highway and the national key highway and can form the second passage of Qing Ji Expressway. The estimated total investment of the project is 4.6 billion yuan. After the project is completed and put into production, the company will gain new profit growth points, thus further highlighting its main business, expanding its assets and business scale, improving its ability to resist risks, and playing a positive role in promoting the sustainable development of Shandong Expressway Co., Ltd.

In addition to the toll road and bridge business, Shandong Expressway Co., Ltd. also actively expands related diversified business fields in light of its own actual situation, and invests in oil and gas services, property development, environmental protection, securities and other industries with great potential for future development. Shandong Runyuan Expressway Oil and Gas Management Co., Ltd. was established by Shandong Expressway Co., Ltd. and Sinopec. In recent years, its business has developed rapidly, which has brought stable profit contribution to Shandong Expressway Co., Ltd.