Shandong Hi-Speed Hubei Development Co., Ltd.

Shandong Hi-Speed Group is a large state-owned wholly-owned enterprise group whose leadership team is managed by the Provincial Party Committee and whose investor responsibilities are performed by the Provincial State-owned Assets Supervision and Administration Commission. Its main business covers investment, construction, operation, and management of transportation infrastructure and smart transportation, as well as comprehensive development of supporting land for transportation infrastructure, logistics and related supporting services, and investment and management of financial assets. By the end of 2019, Shandong Hi-Speed Group had registered capital of RMB 23.3 billion yuan and total assets of RMB 730 billion yuan, ranking first in the province and in the same industry nationwide in terms of asset scale. Its business operations have extended to 22 provinces across the country and more than 100 countries and regions overseas. Shandong Hi-Speed Group owns three listed companies—Shandong Hi-Speed (600350.SH), Shandong Luqiao (000498.SZ), and China Shandong Hi-Speed Financial Group (00412.HK)—as well as more than 20 wholly-owned and controlled subsidiaries. Among them, Shandong Hi-Speed is the listed company with the longest operating mileage in the national road and bridge industry and a representative blue-chip stock; Shandong Luqiao is among the first batch of enterprises in China with the special-grade qualification for general contracting of highway engineering construction, and its main economic indicators have ranked among the top provincial-level road and bridge construction enterprises nationwide for many years; China Shandong Hi-Speed Financial Group holds a full set of licenses in the Hong Kong capital market and is the overseas investment and financing platform of Shandong Hi-Speed Group; Weihai City Commercial Bank is the first regional city commercial bank in Shandong Province and has been rated as a "Best City Commercial Bank" in China many times; Shandong Hi-Speed Rail Transit Group is responsible for the operation and management, construction, and quality supervision of provincial local railways, as well as the manufacturing of railway equipment products; Shandong Hi-Speed Logistics Group is responsible for coordinating the operation of the province's China-Europe freight train resources, focusing on building three major logistics platforms: the China-Europe freight train multimodal transport network, the expressway logistics backbone network, and comprehensive logistics industrial parks. Standing at a new starting point, Shandong Hi-Speed Group fully implements the decisions and arrangements of the central government and the provincial party committee and provincial government, adheres to a people-oriented approach, highlights its main responsibilities and core business, and achieves high-quality development, so that the public can enjoy high-quality services, value is created for society, benefits are increased for the enterprise, and well-being is brought to employees, making new and greater contributions to building a strong province in economy and culture.