Dongguan Development (Holdings) Co., Ltd.

Dongguan Development (Holdings) Co., Ltd. is a company listed on the Main Board of the Shenzhen Stock Exchange, primarily engaged in highway transportation. Established in 1997, the company operates within the transportation, warehousing, and post sector, focusing on expressway management and development. It holds the concession rights for the Guanshen Expressway, a vital route in the Guangdong-Hong Kong-Macao Greater Bay Area, and is actively involved in enhancing the expressway's infrastructure to improve traffic capacity and operational efficiency. The company's main business lines include expressway toll revenue, financing lease and commercial factoring, and new energy vehicle charging services. The expressway segment constitutes the majority of its operating income, reflecting its strategic focus on core transportation assets. Dongguan Development benefits from the support of its controlling shareholder, Dongguan Transport Holding Group, which provides substantial resources and expertise in transportation infrastructure. This relationship enhances the company's operational capabilities and positions it favorably within the regional market, particularly as it aligns with broader economic development initiatives in the Greater Bay Area.

Okay, here is the English translation combined into a single paragraph: ​​(I) Core Road Asset Advantages Form the Development Foundation​​ The company holds the concession rights for the Guanshen Expressway, a critical artery within the Guangdong-Hong Kong-Macao Greater Bay Area's transportation network, forming a key section of the Pearl River Delta Ring Expressway and a golden corridor connecting Guangzhou and Shenzhen. Leveraging Dongguan's elevated status as a 'double-ten-thousand' city (trillion-RMB GDP, ten-million population) and the development opportunities within the Greater Bay Area, the company is advancing the Guanshen Expressway expansion and upgrading project. This initiative aims to extend the operational life cycle of the road asset by enhancing its traffic capacity and facility standards. With ongoing regional industrial upgrading and population growth, significant potential for future traffic volume increases is anticipated, which will continuously solidify the competitive advantage of this core asset. ​​(II) Leveraging the Substantial Resource Advantages of the Controlling Shareholder​​ The company's controlling shareholder, Dongguan Transport Holding Group (Dongguan Jiaokong), is a large, comprehensive state-owned enterprise group under the Dongguan municipal government, consistently maintaining an AAA credit rating. Dongguan Transport Holding Group has deep expertise in the transportation sector, having established a business structure centered on the investment and operation of transportation infrastructure. The company benefits from robust support for its business expansion and sustainable development, underpinned by the controlling shareholder's substantial advantages in capital, resources, and technology.