粤高速Ｂ：2020年年度报告（英文版）.PDF

1、2020Annual Report1Guangdong Provincial Expressway Development Co.,Ltd.2020Annual ReportMarch 20212020Annual 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 tha

2、t 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 and completenessof the contents hereof.Mr.Zheng Renfa,The Company leader,Mr.Wang Chunhua,General Manager,Mr.Lu Ming,Chief

3、financialofficer and the Ms.Zhou Fang,the person in charge of the accounting department(the person in charge of theaccounting)hereby confirm the authenticity and completeness of the financial report enclosed in this annualreport.All the directors attended the board meeting for reviewing the Annual R

4、eport.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 municipality di

5、rectly 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

6、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 charg