1、Guangdong Provincial Expressway Development Co.,Ltd.The Semi-Annual Report 20191Guangdong Provincial Expressway Development Co.,Ltd.The Semi-Annual Report2019August 2019Guangdong Provincial Expressway Development Co.,Ltd.The Semi-Annual Report 20192I.Important Notice,Table of Contents and Definition
2、sThe Board of Directors and the directors,Supervisory Committee and supervisors and Senior Executives of theCompany hereby warrant that at the year,there are no misstatement,misleading representation or importantomissions in this report and shall assume joint and several liability for the authentici
3、ty,accuracy and completenessof the contents hereof.Mr.Zheng Renfa,Compant principal,Mr.Wang Chunhua,General Manager,Mr.Fang Zhi,Chief of theaccounting owrk,Ms.Zhou Fang,Chief of the accounting organ(chief of accounting)hereby confirm theauthenticity and completeness of the financial report enclosed
4、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 peoples gove
5、rnment 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 pri
6、ce 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 isnt able to make timely adjustment to the charge standard inaccordance with th