HHI’s primary business is to initiate, promote, develop and operate strategically important roads, tunnels, bridges and related infrastructure projects in Guangdong Province in the southern PRC, and in particular the Pearl River Delta (PRD) region bordering Hong Kong. All the existing projects are strategic components or links in the PRD’s developing highway network.

We currently have interests in the following toll-expressway projects which are in operation:

• The Guangzhou-Shenzhen Superhighway (GS Superhighway)
• Phase I of the Western Delta Route (Phase I West)
• Phase II of the Western Delta Route (Phase II West)

In September 2007, HHI successfully disposed its 45% stake in Guangzhou East-South-West Ring Road to Guangzhou City Tongda Highway Company for a consideration of RMB1,712.55 million.

All the existing project interests are held through Sino-foreign co-operative joint ventures established according to applicable PRC laws, and all involving PRC partners established by, or closely associated with, the governmental or administrative bodies that are responsible for the transport infrastructure within the relevant regions and localities.