Corporate profile of Guangxi Communications Investment Group

Guangxi Communications Investment Group Co., Ltd. (hereinafter referred to as the "Group Company") is a large-scale state-owned enterprise group approved by the People's Government of the Guangxi Zhuang Autonomous Region. It was registered on July 18, 2008 with a registered capital of 50 100 million yuan, with more than 3,900 employees, mainly engaged in the construction and operation of major transportation infrastructure such as highways; transportation facility maintenance, maintenance, and toll collection; real estate, finance, logistics, resource development, transportation, energy, municipal facilities, and construction Investment, construction and management in other industries as well as international economic and technical cooperation. The group company has 14 wholly-owned subsidiaries, 2 joint-stock companies and 1 holding listed company. It manages and operates 12 expressways (sections) from Lingchuan to Lingui, Nanning to Tanluo, totaling 947 kilometers, with total assets of 52.6 billion yuan. Currently, 14 expressways are under construction, including Liuzhai to Hechi and Cenxi to Shuiwen, with a total mileage of 1,485 kilometers and a total investment of 85.6 billion yuan. On February 10, 2010, the Liuzhou-Nanning Expressway reconstruction and expansion project started. The total length of this section is 224 kilometers, and the investment is estimated to be about 2 billion yuan. It is expected that the total mileage of the group company will reach 2,400 kilometers in 2012, making it the first large state-owned enterprise in Guangxi with total assets exceeding 100 billion yuan.

Since its establishment, the Group Company has closely focused on the major decisions and arrangements of the Party Central Committee and the State Council, conscientiously implemented the Guangxi Zhuang Autonomous Region’s development strategy on giving priority to transportation development and setting off a new upsurge in transportation construction, and deeply studied and practiced the Scientific Outlook on Development. With the spirit of "dare to be the first, dare to create a new trend, the courage to face difficulties and advance despite difficulties" and the "four extraordinary" requirements, we will seize opportunities, accelerate development, and give full play to the group company as the main force and investment in transportation construction. The role of the main financing platform has made positive contributions to Guangxi's "maintaining growth, people's livelihood, stability, and maintaining a good development momentum."

The group company adheres to the work philosophy of "getting things done without causing trouble" and the work requirements of "higher, stricter and better", pioneers and innovates, and raises project construction funds through multiple channels. At present, it has reached bank-enterprise strategic cooperation agreements with a number of financial institutions in Guangxi, and has carried out comprehensive cooperation with financial institutions in establishing transportation development funds, developing short- and medium-term bank bonds, and private equity financing to achieve mutual benefit and win-win for all parties. The group company implements the strategy of strengthening the enterprise through culture, which provides a strong spiritual power for the sustainable, stable and harmonious development of the enterprise. The comprehensive quality of employees has been improved by organizing and carrying out activities to create "No. 1 and Six Posts", implementing the "1150" project, and creating "smiling" service on expressways, "smooth" maintenance services and "star" service brands in service areas. and establish corporate image.

The group company will, in accordance with the development strategic plan, always focus on highway investment and construction, take road property operation and asset management as the main line, deepen corporate reform, strengthen capital operations, and expand and strengthen its main business. It will take 3 to 5 years to build the group company into a "first-class in Guangxi and first-class in ASEAN", a well-known enterprise with competitiveness and influence in the domestic transportation industry, and promote the sound and rapid economic and social development of Guangxi.

At present, the expressways managed and operated by the group company include: Lingchuan to Lingui, Nanning to Tanluo, Nanning to Qinzhou (South) Road San'an to Liangqing Section, Liuzhou to Xiaopingyang, Binyang 12 routes including Nanning, Yizhou to Liuzhou, Yizhou ring line, Duan to Nanning, Huangshahe to Quanzhou, Baise to Luocunkou, Nanning to Youyiguan, Pingle to Zhongshan, totaling 950 kilometers. Assets are 19.8 billion yuan. Expressway projects under construction include: Longlin to Baise, Liuzhai to Hechi, Hechi to Yizhou, Yulin to Tieshangang, Qinzhou to Chongzuo, Liujing to Qinzhou Port and other expressways. In January 2009, the group company has started the construction of the Liujing-Qinzhou Port expressway project, and will also start the construction of 7 expressways from Hechi to Du'an throughout the year. By the end of the year, it will strive to achieve a total mileage of 1,433 kilometers of expressways under construction, with a total estimated investment of 77.5 billion yuan.

In the future, the group company will, in accordance with the development strategic plan, focus on highway investment and construction, take road property operation and asset management as the main line, deepen corporate reform, strengthen capital operations, expand and strengthen the main business, and strive to build the group company into a domestic Well-known enterprises with competitiveness and influence in the transportation industry have made due contributions to promoting the economic and social development of Guangxi.

The group company plans to strive to have a total highway mileage of more than 115,000 kilometers by 2015, including 3,500 kilometers of new highways and more than 6,000 kilometers of traffic mileage, and basically build a "four horizontal, six vertical and six branch" highway network .