About CHENGDU EXPWAY Company

The Group is mainly engaged in the operation, management and development of highways (including subsidiary service areas) in Chengdu and surrounding areas in Sichuan Province, retail sales of refined oil products, and at the same time expanding the natural gas business. The business is divided into two segments: the expressway industry and the energy industry. The expressway sector business is the Group's traditional main business. As of the reporting date, the Group had a total of 5 highways: Chengguan Expressway, Chengpeng Expressway, Chengwen-Qiongming Expressway, and Chengdu Airport Expressway, with a total network mileage of 192.02 kilometers. The highway mentioned above is centered around Chengdu and extends to the southwest, northwest, west, and north. It is an integral part of the roads surrounding Chengdu, and plays a key role in connecting internal roads in Chengdu and national and provincial highways entering and leaving Sichuan Province. Furthermore, the Company undertook the operation and management of the Chengdu Tianfu International Airport Expressway (“Tianfu Airport Expressway”), the Pujiang—Dujiangyan section of the Chengdu Economic Zone Ring Expressway (“Pudu Expressway”), and the Cangba Expressway. Up to this point, the total operating mileage of the Group's expressways (including contract management) has reached 474.77 km. The energy industry segment business was merged into the Group on August 12, 2020. The energy development company is the main investor, and the refined oil and natural gas business is operated through its subsidiaries and joint ventures and joint ventures. As of the reporting date, the Group is operating 26 gas stations, is currently constructing 4 gas stations (including those not yet in operation after completion), and has been entrusted with the management of 3 gas stations including the Xinhua gas station and the Huamin gas station (including the subsidiary Chengluo gas station). These gas stations and gas stations are all located within Chengdu, Sichuan Province. In recent years, highways (including service teams), service areas, gas stations, etc. operated and managed by the Group have achieved remarkable results in terms of safety and quality service. As of the end of the reporting period, the total assets of the Group were RMB 9.28 billion. Expressway sector overview Highways owned by the Group The Chengguan Expressway is an important part of the G4217 National Highway and an important part of the major corridor from Sichuan Province to Gansu Province, Qinghai Province, and Tibet. It is also the main road leading to historic places of interest such as Dujiangyan, Qingcheng Mountain, Jiuzhaigou, and Huanglong, and connects to most of the other sites in Sichuan Province listed as UNESCO World Cultural Heritage Sites. The Chengpeng Expressway is an important part of the S105 provincial highway. It is the main skeleton highway of the Chengdu Traffic Plan radial road network, and it is also the main route connecting Chengdu to northern Sichuan Province. The Chengwen-Qiong Expressway is an important part of the S8 provincial highway. It also has important economic and cultural significance for western Chengdu. It is also the only expressway in the region, directly connecting important satellite cities in Chengdu such as Wenjiang, Chongzhou, Dayi, and Qionglai. The Chengdu Airport Expressway is the main part of the S6 provincial highway, and is also the main highway from central Chengdu to Chengdu Shuangliu Airport. The Qiongming Expressway is an important part of the S8 provincial highway. It is an extension of the Chengwen-Qiongqi Expressway. It also connects Yunnan Province via the Chengya Expressway—Yaxi Expressway to Xipan Expressway, and connects to Tibet via the Chengya Expressway—Yakang Expressway—G318 National Highway. Highways commissioned by the Group The Tianfu Airport Expressway is an important part of the S3 provincial highway, and is also the main highway from Chengdu to Chengdu Tianfu International Airport. The Pudu Expressway refers to the Pujiang—Dujiangyan section of the Chengdu Economic Zone Ring Expressway, and is an important part of the Chengdu Economic Zone Ring Expressway. The Cangba Expressway is an important part of the S1 provincial highway and is an important transportation artery connecting the Chengdu Plain Economic Zone and the Northeast Sichuan Economic Zone. Overview of the energy industry sector As of the reporting date, the Energy Development Company directly or indirectly owns 4 subsidiaries of CNPC Energy, Trading Energy, Xinyuanli Energy, and Jinniu Xinyuanli, and has directly or indirectly invested in 10 joint ventures and joint ventures including Sinopec Chengdengyuan and Chengdu Toneng. Refined oil business. The Group mainly engages in the refined oil product business through companies such as Trading Energy, CNPC Energy, and Xinyuanli Energy through subsidiaries of energy development companies. Natural gas business. The Group is mainly engaged in natural gas business through CNPC Energy, a subsidiary of the Energy Development Company. New energy business. The Group mainly engages in the new energy business through companies such as Xinyuanli Energy, a subsidiary of the Energy Development Company.