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VIDEAGUARANTEETOANYTHIRDPARTYARTICLE13THECOMPANYISANINDEPENDENTLEGALPERSON,ALLOFWHOSEBEHAVIORSHALLABIDEBYCHINALAWSANDREGULATIONSANDSHALLPROTECTTHELEGITIMATEINTERESTSANDRIGHTSOFSHAREHOLDERSTHECOMPANYSHALLBEGOVERNEDANDPROTECTEDBYCHINALAWS,ADMINISTRATIVERULESANDOTHERREGULATIONSISSUEDBYTHEGOVERNMENTARTICLE14THECOMPANYMAYINVESTINOTHERLIMITEDLIABILITYCOMPANIESANDJOINTSTOCKLIMITEDLIABILITYCOMPANIESITSHALLASSUMELIABILITYINSUCHCASESTOTHEEXTENTOFITSINVESTMENTINSUCHCOMPANIESTHEAGGREGATEAMOUNTOFSUCHINVESTMENTSSHALLNOTEXCEEDTHELIMITSSETBYARTICLE12OFTHECOMPANYLAW,THATIS50OFNETASSETS,ANDBERELATEDTOTHEREQUIREMENTSFOROPERATIONANDMANAGEMENTOFTHECOMPANYARTICLE15THECOMPANYSHALLNOTBEANUNLIMITEDLIABILITYSHAREHOLDEROFANYOTHERECONOMICORGANIZATIONCHAPTER2PURPOSEANDSCOPEOFBUSINESSARTICLE16THEPURPOSEOFTHECOMPANYISTOCONSTRUCT,DEVELOPANDOPERATEAHIGHCLASSROADINAPOSITIVEMANNERWHICHHASALARGEPOTENTIALTRAFFICVOLUMEANDASTABLEREVENUETHEROADSHALLIMPROVETHEROADNETWORKINITSAREAOFOPERATIONANDFORADJACENTAREAS,ANDPROMOTEREGIONALECONOMICDEVELOPMENTITSHALLSATISFYITSSHAREHOLDERSWITHAREASONABLERATEOFRETURNONTHEIRINVESTMENTARTICLE17THESCOPEOFBUSINESSOFTHECOMPANY,ASAPPROVEDBYTHEREGISTRATIONAUTHORITY,ISTOINVESTINTHEDEVELOPMENT,CONSTRUCTIONANDOPERATIONOFATOLLROAD,TOREPAIRVEHICLES,TOLEASEVEHICLESANDMACHINERYEQUIPMENT,ANDTOPROVIDECONSULTINGSERVICESCHAPTER3SHARESSECTION1ISSUANCEOFSHARESARTICLE18THESHARESOFTHECOMPANYAREINTHEFORMOFSTOCKARTICLE19ALLSHARESISSUEDBYTHECOMPANYARECOMMONSHARESARTICLE20THESHARESOFTHECOMPANYSHALLBEISSUEDBASEDUPONTHEPRINCIPLEOFOPENNESS,FAIRNESSANDIMPARTIALITYTHUSEACHSHARESHALLHAVETHESAMERIGHTSANDEACHSHARESHALLRECEIVETHESAMEPROFITARTICLE21THENOMINALPRICEOFTHESTOCKISSUEDBYTHECOMPANYSHALLBEINDICATEDINRMBARTICLE22THEDOMESTICSHARESISSUEDBYTHECOMPANYSHALLBEINTHECENTRALIZEDTRUSTEESHIPOFTHE_STOCKEXCHANGEREGISTRATIONLIMITEDCOMPANYOPTIONALIFRELEVANTTHEFOREIGNCAPITALSHARESLISTEDINTHEDOMESTICSTOCKEXCHANGESHALLALSOBEINTHECENTRALIZEDTRUSTEESHIPOFTHE_STOCKEXCHANGEREGISTRATIONLIMITEDCOMPANYARTICLE23THETOTALNUMBEROFCOMMONSHARESISSUEDBYTHECOMPANYAFTERAPPROVALARE_BILLIONSHARESUPONITSESTABLISHMENT,THECOMPANYISSUEDCOMMONSHARESTOTHEFOLLOWINGSPONSORS,WHICHACCOUNTTO_OFTHETOTALAMOUNTOFCOMMONSHARES_ARTICLE24THEEQUITYSTRUCTUREOFTHECOMPANYIS_BILLIONCOMMONSHARES,AMONGWHICH_MILLIONSHARESAREHELDBYTHESPONSORSTHEOTHER_MILLIONSHARESAREHELD_MILLIONBYDOMESTICSHAREHOLDERSAND_MILLIONBYFOREIGNSHAREHOLDERS,ALLLISTEDONTHE_DOMESTICSTOCKEXCHANGEOPTIONALIFRELEVANT_MILLIONSHARESAREHELDBYFOREIGNSHAREHOLDERS,ALLLISTEDONTHE_DOMESTICSTOCKEXCHANGEARTICLE25THECOMPANYORITSSUBSIDIARYCOMPANIESINCLUDINGAFFILIATEDENTERPRISESSHALLNOTPROVIDEANYFINANCIALASSISTANCETOPERSONSWHOPURCHASEORPROPOSETOPURCHASETHECOMP

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