Special Legal Opinion
1. Approvals and Authorizations Obtained for the Share Swap Absorption Merger
- Internal Review Procedures of China Merchants Highway and North China Expressway
On June 30, 2017, China Merchants Highway held its second extraordinary general meeting of shareholders in 2017, where it approved the proposal submitted by the board of directors regarding the share swap absorption merger with North China Expressway. On the same day, North China Expressway held its second extraordinary general meeting of shareholders in 2017, where it approved the proposal submitted by its board of directors regarding the share swap absorption merger and related transactions.