2026年半年度报告（英文版）

The Semi-Annual Report 20261Guangdong Provincial Expressway Development Co., Ltd.The Semi-Annual Report 2026August 2026The Semi-Annual Report 20262I. Important Notice, Table of Contents and DefinitionsThe Board of Directors and the directors, and Senior Executives of the Company hereby warrant that at theyear , there are no misstatement, misleading representation or important omissions in this report and shallassume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.Mr.Miao Deshan, Company principal ,Mr Cheng Rui, General manager, Mr. Lu Ming, Chief of the accountingwork, Ms.Yan Xiaohong, Chief of the accounting organ (chief of accounting ) hereby confirm the authenticityand completeness of the financial report enclosed in this Semi-annual report.All the directors have attended the meeting of the board meeting at which this report was examined.The toll revenues of Expressway is main source of the major business income of the company , The chargestandard of vehicle toll must be submitted to the same level people's government for review and approval after thetransport regulatory department of province, autonomous region or municipality directly under the centralgovernment in conjunction with the price regulatory department at the same level consented upon examination.Therefore, the adjustment trend of the charge price and the charge price if has the corresponding adjustment in thefuture price level when the cost of the company rises still depend on the approval of relevant national policies andgovernment departments, and the company isn't able to make timely adjustment to the charge standard inaccordance with the its own operation cost or the change of market supply demand. So, the change of chargepolicy and the adjustment of charge standard also have influence on the expressways operated by the company tosome extent. So, the charging policy changes and charges adjustment will affect the highways operation of thecompany.The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserveseither.The Semi-Annual Report 20263Table of ContentsI.Important Notice, Table of contents and DefinitionsII. Company Profile & Financial Highlights.III. Management Discussion & AnalysisIV. Corporate Governance and Environmental SocialV. Important EventsVI. Changes in shares and information about ShareholdersVII. Corporate BondVIII. Financial ReportThe Semi-Annual Report 20264Documents available for inspection1. Accounting statements carried with personal signatures and seals of legal representative, General Manager,Chief Financial officer（Chief accountant）,the person in charge of the accounting department (the person incharge of the accounting )Financial Principal .2.. The texts of all the Company's documents publicly disclosed on the newspapers and periodicals designated byChina Securities Regulatory Commission in the report period.The Semi-Annual Report 20265DefinitionTerms to be de