Concept content of Henan Zhongyuan Expressway Co., Ltd.

(1) Contract Termination: On March 25th, 20 10, Henan Zhongyuan Expressway Co., Ltd. recently received a notice from the Henan Provincial Department of Transportation that the company contracted to operate five toll stations of bureau of henan province 107 National Highway Administration on the day of station withdrawal, and the original road toll service contract agreement was terminated at the same time; It is agreed to subsidize the losses caused by the company's early station withdrawal, amounting to 63.55 million yuan, which will be charged from the government budget of 20 10.

(2) Main advantages: At present, the company is the only listed company in the transportation industry in Henan Province, and its road and bridge operating assets mainly include Airport Expressway, Zhengzhou-Luohe Expressway (including Airport Expressway * *142km), Luohe-Zhumadian Expressway (67.2km), Zhengzhou Yellow River Highway Bridge (including the south connection of the bridge * * 365438+) and Zhengzhou-to, which was completed and opened to traffic on June 5. In the "Traffic Management Year of Henan Province" activity, the company was jointly awarded the honorary title of "Advanced Collective of Traffic System in the Province" by the Provincial Personnel Department and the Communications Department, and Zhumadian Branch was rated as "Advanced Unit of Expressway Management in the Province", ranking first in the province.

(3) Target of share-trading reform: Henan Expressway Development Co., Ltd., the controlling shareholder of the company, made a special commitment that its non-tradable shares will not be listed and traded within 36 months from the date of obtaining the right of listing and circulation (June 22, 2006); After the expiration of the commitment period, the number of shares sold through listing on the Shanghai Stock Exchange within 65,438+02 months shall not exceed 5% of the company's total share capital, and shall not exceed 65,438+00% within 24 months. Promise to put forward a dividend proposal at the annual shareholders' meeting of the current year and the next two fiscal years, in which the dividend ratio of the company is not less than 50% of the distributable profit (non-cumulative distributable profit) realized by the company in that year, and guarantee to vote in favor.

(4) Merger and reorganization: Zhongyuan Expressway disclosed on February 16, 2009 that the board of directors of the company deliberated and passed the Proposal on Receiving Capital Contribution from Shareholders of Henan Yingdi Real Estate Co., Ltd. and increasing the capital to the company, agreeing that the company should receive the unpaid registered capital of Yingdi Real Estate Phase II of 27.7 million yuan in cash and increase the capital to Yingdi Real Estate by 300 million yuan in cash. After the above-mentioned second-phase capital contribution is completed, the registered capital of Yingdi Real Estate will increase from 654.38+0 million yuan to 400 million yuan. Among them, the company contributed 392.7 million yuan, accounting for 98.65438+075% of the company's registered capital.

(5) Expressway project construction: On June 2, 2009, the Board of Directors of Zhongyuan Expressway deliberated and passed the Proposal on Investing in Zhengzhou-Kaifeng Section of Zhengzhou-Quan Min Expressway, with an investment of 3.506 billion yuan. It is planned to start construction in 2009 with a construction period of 36 months. After the project is completed, it will be operated and managed by the company as an operating expressway, and the longest charging period will not exceed 30 years.