Hubei Jiaotou Industrial Development Co., Ltd.

Hubei Jiaotou Industrial Development Co., Ltd. (hereinafter referred to as the "Company") was established in February 2014 and is a wholly-owned subsidiary of Hubei Provincial Transportation Investment Group Co., Ltd., a state-owned enterprise under Hubei Province. Since its establishment, the Company has always adhered to the business purpose of relying on highways, facing the market, innovating mechanisms, operating independently, and serving society. In accordance with the "1+1+N" development strategy, with the energy and commercial sectors as the core, N industries such as media, service areas, and "service area+" are advancing together. Its business mainly involves the operation and management of expressway service areas, gas stations, commercial properties, outdoor media, and other expressway-derived industries. It owns 105 pairs of expressway service areas in the province, accounting for more than 80% of the province's service area resources, 1,000 billboards, and 600,000 square meters of commercial service space covering all counties and urban districts in the province, providing travel services for more than 50 million vehicle trips and 150 million high-end people each year. After more than 4 years of development, Hubei Jiaotou Industrial Development Co., Ltd. has transformed from a single service area operation and management provider into a diversified industrial group advancing simultaneously in energy, commerce, service areas, and media. By the end of the "13th Five-Year Plan", it strives to achieve operating revenue exceeding 15 billion yuan and build a nationally first-class service area operation and management platform and expressway-derived industry operator.