1、2023 Annual Report1Guangdong Provincial Expressway Development Co.,Ltd.2023 Annual ReportMarch 20242023 Annual Report2I.Important Notice,Table of Contents and DefinitionsThe Board of Directors and the directors,Supervisory Committee and supervisors and Senior Executives of theCompany hereby warrant
2、that at the year,there are no misstatement,misleading representation or importantomissions in this report and shall assume joint and several liability for the authenticity,accuracy andcompleteness of the contents hereof.Mr.Miao Deshan,The Company leader,Mr.Wang Chunhua,General Manager,Mr.Lu Ming,Chi
3、effinancial officer and the Ms.Yan Xiaohong,the person in charge of the accounting department(the person incharge of the accounting)hereby confirm the authenticity and completeness of the financial report enclosed inthis annual report.All the directors attended the board meeting for reviewing the An
4、nual Report.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 peoples government for review and approval after thetransport regulatory department of province,autonomous region or municipal
5、ity 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
6、rises still depend on the approval of relevant national policies andgovernment departments,and the company isnt 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