Shenzhen Express Private Equity Industry Investment Fund Management Co., Ltd. (the "fund company") was established in December 2017. As an industrial project incubation platform and financial tool of Shenzhen Expressway, fund companies actively play the role of industry-finance integration by introducing social capital, cultivate valuable and potential targets in the fields of transportation infrastructure and environmental protection, and help Shenzhen Expressway industry transformation Development to achieve a high degree of integration of finance and industry.

Since its establishment, the fund company has actively supported Shenzhen Expressway's practice of integrating industry and finance.

In April 2020, Shenzhen Expressway Subsidiary Fund Company and Guangsheng Financial Holdings and its subsidiaries Shengchuang Investment, Yichuang Investment, etc. jointly established Shengchuang-Shenzhen Expressway Environmental Technology Industry M&A Investment Partnership (Limited Partnership) (hereinafter referred to as " Fund”), the fund size is 1 billion yuan. The fund mainly focuses on solid waste and hazardous waste disposal, sewage treatment, environmental sanitation integration, wind power and new energy, and other investment areas that are in line with the strategic plan of Shenzhen Expressway, providing strong support for Shenzhen Expressway mergers and acquisitions; June 2020, Shenzhen Expressway Cooperated with Kunpeng Capital and other municipal state-owned enterprises to initiate and participate in the establishment and investment of the Shenzhen State-owned M&A Development Fund. The fund aims to promote the rapid growth, excellence, and expansion of Shenzhen's state-owned assets, and is positioned as the city's State-owned Assets Supervision and Administration Commission to coordinate the city's state-owned state-owned enterprise strategy The starting point for mergers and acquisitions is geared towards the Guangdong-Hong Kong-Macao Greater Bay Area, focusing on areas strongly supported by national policies such as infrastructure and public utilities, finance, and strategic emerging industries. Participating in the fund has not only obtained stable investment income, but also obtained more opportunities for mergers and acquisitions of high-quality targets, which has played a positive role in the implementation of the industrial transformation of Shenzhen Expressway.