Shenzhen Expressway Company Limited (the "Company") is the only enterprise with the concession rights to operate its existing toll highways and exprenssways granted by Shenzhen Muicipal Government, which is mainly engaged in the construction, operation and management of toll highways and expressways in the People's Republic of China (the "PRC").
The Company was established on 30 December, 1996 by Shenzhen Freeway Development Company Limited, Shen Guang Hui Highway Development Company and Guangdong Roads and Bridges Development Company by way of promotion, with a share capital of RMB1,268,200,000. In March, 1997, the Company issued 747,500,000 H Shares with the par value of RMB1.00 per share, which were listed on the Stock Exchange of Hong Kong Limited. The Company issued 165,000,000 A Shares in December, 2001, which were listed on the Shanghai Stock Exchange. Thus the total share capital of the Company was increased to RMB2,180,700,000 and has been kept unchanged till now.
Currently, the core business of the Company is to operate and manage its existing seven toll highways and expressways namely, National Highway 107 (Shenzhen Section) ("NH107"), National Highway 205 (Shenzhen Section) ("NH205"), Shenzhen Meiguan Expressway ("Meiguan Expressway"), Shenzhen Airport-Heao Expressway (Eastern Section) ("Jihe East"), Shenzhen Jihe Expressway (Western Section) ("Jihe West"), and Hunan Changsha Ring Road (Northwestern Section) ("Changsha Ring Road"), Shenzhen Yanba Expressway (Section A) and to construct Sections B and C of Yanba Expressway.
The expressways and national highways in Shenzhen operated by the Company form a complete road network, which is connected to Shenzhen Huangtian International Airport, Shekou Ports, Huanggang Immigration and Customs Control, Wenjindu Immigration and Customs Control, and Yantian Containers Terminal. This road network greatly facilitates the trading activities between Shenzhen and Hong Kong which is the major gateway between Hong Kong and PRC. Therefore, the Company plays an important role in the formation of the road network in Shenzhen and Shenzhen's highway transportation.
With its concession rights, extensive experience in toll road management and its good relationship with communications departments at all levels ranging from the state, provinces to cities, the Company will extend its business in other areas of PRC while focusing on Shenzhen. It will continue to focus on toll road operations, actively develop other ancillary activities and participate in some new industries.
Construction, transport business and management within the boundaries of People's Republic of China charge road and highway.