THE SUI-YUE EXPRESSWAY (HUNAN SECTION)

Our Group is currently developing and will (once construction is completed) operate the Sui-Yue Expressway (Hunan Section), that is, the Sui-Yue Expressway (Hunan Section). The Sui-Yue Expressway (Hunan Section) will have a length of approximately 24.08 km and will be connecting the southern end of the Jing-Yue Yangtze River Highway Bridge in Daorenji town to Kunshan (昆山) in Yueyang city, and connecting to the existing Jing-Gang-Ao Expressway via Yueyang Connecting Line to reach Guangdong Province, Hong Kong and Macau. On June 15, 2008, a work commencement and mobilization ceremony in respect of the Sui-Yue Expressway (Hunan Section) was held in Yueyang city with the attendance of the government officials of the Hunan Province and our Group management. The Sui-Yue Expressway (Hunan Section) is currently under construction and planned to be completed by the end of 2011.