19 November 2024 Dear registered shareholder(s), Shenzhen Investment Holdings Bay Area Development Company Limited (the "Company") – Publication of the Circular dated 19 November 2024 ("Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communication are available on the website of the Company at www.sihbay.com (the "Company's website") and the HKEXnews website at www.hkexnews.hk (the "HKEXnews website"), or the arranged printed copy(ies) of the Current Cor ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下的持牌證券交易商或註冊證 券機構、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有深圳投控灣區發展有限公司股份，應立即將本通函送交買主或承讓 人或經手買賣或轉讓之銀行、持牌證券交易商或註冊證券機構或其他代理商，以便轉交買主或承 讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不就因本通函全部或任何部份內容而產生或因倚賴該 等內容而引致之任何損失承擔任何責任。 Shenzhen Investment Holdings Bay Area Development Company Limited 深圳投控灣區發展有限公司 股份代號：737（港幣櫃檯）及80737（人民幣櫃檯） （於開曼群島註冊成立之有限公司） 關連及主要交易 施工合同（TJ6、TJ8、TJ9及LM標段） 除文義另有所指外，本通函所用詞彙均具有本通函「釋義」一節所載的相同涵義。 載有施工合同（TJ6、TJ8、TJ9及LM標段）詳情的董事會函件載於本通函第6至第23頁。 ...

新华社澳门11月13日电（记者李寒芳、刘刚）"新青年 新动力 新机遇——庆祝澳门特别行政区成立25周 年暨领航'9+2'·第五届粤港澳大湾区发展论坛（澳门）"13日在澳门科学馆举行，吸引粤港澳三地200多 名社会各界人士参与。 论坛上，"领航'9+2'粤港澳大湾区青年发展联盟"正式成立，并举办主题论坛，围绕"多元发展 青年领 航"与"新质驱动 湾区创业"两大主题展开交流。 主办方介绍，活动以庆祝澳门特区成立25周年暨《粤港澳大湾区发展规划纲要》公布5周年为契机，旨 在加强粤港澳联动，集聚大湾区领航企业和精英，进一步深化大湾区内各领域的合作共赢。 澳门特区政府教育及青年发展局局长龚志明致辞表示，本届论坛为推动高质量发展大湾区建言献策。澳 门特区政府将继续与社会各界及大湾区其他城市合作，为国家发展作出更大贡献。期望澳门青年和学生 把握机遇，主动融入国家发展大局。 香港特区政府民政及青年事务局副局长梁宏正表示，期盼继续与各界携手合作，为大湾区青年提供更广 阔的发展空间，助力他们投入大湾区建设，成为推动"新质生产力"的参与者和拓展"高质量发展"的贡献 者。 "期望通过此次活动，为大湾区的繁荣贡献更多智慧和力量，共同书 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Shenzhen Investment Holdings Bay Area Development Company Limited 深 圳 投 控 灣 區 發 展 有 限 公 司 （於開曼群島註冊成立之有限公司） 股份代號：737（港幣櫃檯）及 80737（人民幣櫃檯） 延遲寄發通函 關連及主要交易 施工合同（TJ6, TJ8, TJ9 及 LM 標段） 茲提述本公司日期為二零二四年十月八日之公告（「該公告」），內容有關施工合同 （TJ6 – TJ9 及 LM 標段）及其項下擬進行的交易。除另有說明或文義另有所指外，本公 告所用之詞彙與該公告所界定者具有相同涵義。 誠如該公告所述，一份載有（其中包括）施工合同（TJ6, TJ8, TJ9 及 LM 標段）及其項下 擬進行的交易的進一步資料連同上市規則項下規定之其他資料之通函（「通函」）預期 於該公告刊發後的 15 個營業日內，即二零二四年十月三十日或之前 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 Shenzhen Investment Holdings Bay Area Development Company Limited 深 圳 投 控 灣 區 發 展 有 限 公 司 （於開曼群島註冊成立之有限公司） 股份代號：737（港幣櫃檯）及 80737（人民幣櫃檯） 截至二零二四年九月三十日止九個月之未經審核財務資料 註 2: 日均混合車流量不包括在實施節假日免費通行方案期間通行的免費車流量 高速公路 二零二四年第三季，廣州－深圳高速公路（「廣深高速公路」）的日均路費收入受二零二 四年六月開通的深中通道的分流影響，同比增長基本持平；廣州－珠海西綫高速公路 （「廣珠西綫高速公路」）的日均路費收入受二零二四年六月開通的中開高速公路和深中 通道，以及二零二四年八月中山西環高速公路永寧立交和廣中江高速公路天連立交全面互 聯互通的分流影響，同比下跌 4%；廣深沿江高速公路深圳段（「沿江高速公路（深圳 段）」） ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 - 1 - 簡要說明 二零二四年九月實施節假日免費通行措施的天數比去年九月少兩天，加上廣深高速公 路、廣珠西綫高速公路及沿江高速公路（深圳段）周邊路網變化對車流量產生不同影 響，因此三條高速公路的路費收入按年變動幅度高低不一。 投資者可登錄本公司網站 http://www.sihbay.com 的「業務總覽」欄目，分別查閱各收 費公路的基本情況及歷史數據。 謹慎性陳述 Shenzhen Investment Holdings Bay Area Development Company Limited 深 圳 投 控 灣 區 發 展 有 限 公 司 （於開曼群島註冊成立之有限公司） 股份代號：737（港幣櫃檯）及 80737（人民幣櫃檯） 二零二四年九月未經審核之營運資料 深圳投控灣區發展有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事 會（「董事會」）謹此公佈本集團二零二四年九月未經審核之營運資 ...

一桥连三地，天堑变通途。 港珠澳大桥车来车往、节奏繁忙——客流总量再创新高。 截至10月4日0时45分，今年经港珠澳大桥珠海公路口岸出入境的客流总量首次突破2000万人次，同比增 长达86%，超过去年全年总量。 车流量刷新单日纪录。 10月5日，港珠澳大桥通行车辆超2.12万辆次，其中港澳单牌车超过1.45万辆次。 习近平总书记强调："对港珠澳大桥这样的重大工程，既要高质量建设好，全力打造精品工程、样板工 程、平安工程、廉洁工程，又要用好管好大桥，为粤港澳大湾区建设发挥重要作用。 "2018年10月23日，港珠澳大桥正式开通。 近6年来，这一创下多项世界之最的"国之重器"，日益成为粤港澳大湾区发展的"纽带"。 人员往来更便捷，城市联系更紧密"早上，经港珠澳大桥，到珠海喝早茶；中午，到中山参观游览；晚 上，走深中通道到深圳吃晚饭，再返回香港。 "今年暑假，香港市民黎先生带着孩子体验粤港澳大湾区"一日游"，"一天转了三座城市、打卡两座超级 工程，感觉很棒！ ""港澳车辆'北上'政策落地1年多来，身边越来越多港澳居民申请'自驾北上'，港珠澳大桥更加繁忙。 "澳门青年朱润成说，口岸通关便捷，平峰期通关排队不到10分钟 ...

原标题：人车流量持续攀升 综合效益加快显现港珠澳大桥日益成为大湾区发展"纽带"（奋进强国路 阔 步新征程·重大工程巡礼）一桥连三地，天堑变通途。 港珠澳大桥车来车往、节奏繁忙——客流总量再创新高。 截至10月4日0时45分，今年经港珠澳大桥珠海公路口岸出入境的客流总量首次突破2000万人次，同比增 长达86%，超过去年全年总量。 车流量刷新单日纪录。 10月5日，港珠澳大桥通行车辆超2.12万辆次，其中港澳单牌车超过1.45万辆次。 习近平总书记强调："对港珠澳大桥这样的重大工程，既要高质量建设好，全力打造精品工程、样板工 程、平安工程、廉洁工程，又要用好管好大桥，为粤港澳大湾区建设发挥重要作用。 "2018年10月23日，港珠澳大桥正式开通。 近6年来，这一创下多项世界之最的"国之重器"，日益成为粤港澳大湾区发展的"纽带"。 人员往来更便捷，城市联系更紧密"早上，经港珠澳大桥，到珠海喝早茶；中午，到中山参观游览；晚 上，走深中通道到深圳吃晚饭，再返回香港。 "今年暑假，香港市民黎先生带着孩子体验粤港澳大湾区"一日游"，"一天转了三座城市、打卡两座超级 工程，感觉很棒！ ""港澳车辆'北上'政策落地1年多来， ...

Toll Revenue and Traffic Volume - The net toll revenue from the Guangzhou-Shenzhen Expressway, Guangzhu West Line Expressway, and the沿江 Expressway (Shenzhen section) totaled approximately RMB 2.331 billion, representing a year-on-year growth of 1%[3]. - The average daily toll revenue for the Guangzhou-Shenzhen Expressway increased by 0.3% to approximately RMB 7.71 million, while the average daily mixed traffic volume decreased by 4% to approximately 604,000 vehicles[5]. - The average daily toll revenue for the Guangzhu West Line Expressway increased by 0.6% to approximately RMB 3.43 million, with a decrease in average daily mixed traffic volume by 3% to approximately 253,000 vehicles[5]. - The average daily toll revenue for the沿江 Expressway (Shenzhen section) increased by 2% to approximately RMB 1.67 million, while the average daily mixed traffic volume decreased by 1% to approximately 180,000 vehicles[5]. - In the first half of 2024, the total toll revenue for the Guangzhou-Shenzhen Expressway was approximately RMB 1.403 billion, with a slight year-on-year increase of 0.9%[18]. - The average daily mixed traffic volume for the Guangzhou-Shenzhen Expressway in the first half of 2024 was approximately 604,000 vehicles, a decrease of 3.7% year-on-year[23]. - The toll revenue from Class 1 vehicles accounted for 82.6% of the total toll revenue for the Guangzhou-Shenzhen Expressway in the first half of 2024[24]. - The total toll revenue for the Guangzhou-Zhuhai West Line Expressway in the first half of 2024 was approximately RMB 623 million, with a year-on-year increase of 1.1%[29]. - The average daily mixed traffic volume for the Guangzhou-Zhuhai West Line Expressway in the first half of 2024 was approximately 253,000 vehicles, a decrease of 3.4% year-on-year[28]. - In the first half of 2024, the total toll revenue for the Shenzhen section of the Yangjiang Expressway was approximately RMB 305 million, with an average daily toll revenue of about RMB 1.67 million, reflecting a year-on-year increase of 2%[31]. Economic Indicators - The total social logistics volume in China reached RMB 167.4 trillion in the first half of 2024, reflecting a year-on-year growth of 5.8%[6]. - The GDP of China for the first half of 2024 was approximately RMB 61.68 trillion, with a year-on-year growth of 5%[6]. Infrastructure Development - The Guangdong Provincial Transportation Department emphasized the need to enhance the interconnectivity of transportation infrastructure in the Greater Bay Area, aiming to create a "one-hour living circle" by accelerating project planning and construction[9]. - The new regulations on infrastructure and public utility concessions will positively impact the development of operational expressways by extending the maximum concession period to 40 years[11]. - The revision of the toll road management regulations aims to strengthen the management of toll roads and protect the rights of both operators and users, promoting the development of the road sector[12]. - The opening of the Shenzhen-Zhongshan Channel on June 30, 2024, is expected to have a minor positive impact on traffic distribution for the Guangzhou-Shenzhen Expressway[19]. Financial Performance - The company reported a 1% year-on-year increase in total revenue for the first half of 2024, amounting to RMB 1.271 billion, with a net profit of RMB 296 million, representing a 40% increase compared to the previous year[40]. - The group's EBITDA rose by 7% year-on-year to approximately RMB 1.123 billion, with the Jiangyan Expressway (Shenzhen section) EBITDA increasing by 2% to approximately RMB 257 million[43]. - The net profit attributable to the group from the Jiangyan Expressway (Shenzhen section) was approximately RMB 105 million, a 2% increase from the previous year, while the share of net profit from the Guangshen joint venture increased by 49% to approximately RMB 233 million[47]. - The total interest and tax expenses for the group rose by 8% year-on-year to approximately RMB 239 million, influenced by increased toll revenue[46]. - The group's financial costs increased by 14% year-on-year to approximately RMB 87 million, primarily due to rising interest rates on HKD loans[50]. - The group anticipates a year-on-year adverse change in performance for the current year due to the reversal of road surface responsibility provisions, but maintains a cautiously optimistic long-term outlook[52]. - The group aims to maintain a regular dividend payout ratio of 100% of recurring income for the year[52]. - The net profit attributable to equity shareholders for the group was approximately RMB 241 million, a 40% increase compared to RMB 172 million in the previous year[50]. Cash and Debt Management - As of June 30, 2024, the group's cash and cash equivalents amounted to RMB 957 million, a slight increase from RMB 950 million as of December 31, 2023[56]. - The group's net debt as of June 30, 2024, was RMB 3.52 billion, compared to RMB 3.17 billion at the end of 2023, indicating an increase in leverage[56]. - The total liabilities of the group reached RMB 17.06 billion as of June 30, 2024, compared to RMB 17.04 billion at the end of 2023, reflecting a slight increase[61]. - The asset-liability ratio increased to 40% as of June 30, 2024, up from 38% at the end of 2023, indicating a rise in financial leverage[61]. - The group's cash and cash equivalents in the Liangjiang Company increased to RMB 228 million as of June 30, 2024, from RMB 102 million at the end of 2023[56]. - The group's share of cash and cash equivalents in the Guangshen joint venture rose to RMB 493 million as of June 30, 2024, compared to RMB 349 million at the end of 2023[59]. - The total amount of bank loans due within one year increased to RMB 1,912,798,000 from RMB 1,817,816,000, marking a rise of 5.2%[158]. - The company’s bank loans increased to RMB 4,032 million in 2023 from RMB 3,957 million in 2022, indicating a 1.9% growth[179]. Corporate Governance and Compliance - The company has adhered to all provisions of the corporate governance code during the review period, except for the absence of the chairman at the annual general meeting due to other work commitments[93]. - The company is committed to maintaining compliance with the Hong Kong Stock Exchange listing rules and corporate governance standards[194]. - The company’s board of directors includes experienced professionals with diverse backgrounds in finance and management, ensuring effective oversight and strategic direction[194]. Employee Management and Development - The company is committed to providing competitive compensation and benefits, including retirement contributions and medical insurance, to enhance employee productivity[88]. - The company has implemented a training program to address skill gaps identified in performance evaluations, aiming to improve employee productivity[88]. - The company has 556 employees as of June 30, 2024, including 494 employees from Jiang Company[88]. Investment and Land Development - The cumulative contract sales amount for the Park City project reached approximately RMB 3.669 billion, with an average selling price of RMB 25,000 per square meter[35]. - The Guangzhou-Shenzhen expansion project is expected to have a total investment of approximately RMB 29.4 billion, with the company planning to contribute no more than RMB 3.7 billion[36]. - The company is actively communicating with relevant government departments to explore land development opportunities along the Guangzhou-Shenzhen Expressway[38]. - The company aims to expand its market presence in the Greater Bay Area, focusing on infrastructure and urban development projects[193]. - The company holds a 15% equity stake in the Guangzhou Zhentong Industrial Development Co., which is involved in the new land development project[192]. Financial Results and Shareholder Returns - The interim dividend declared is RMB 0.078 per share, equivalent to HKD 0.08522358, representing 100% of the profit attributable to equity shareholders for the six months ended June 30, 2024[76]. - The company plans to pay an interim dividend of RMB 0.078 per share or HKD 0.08522358, with the payment date scheduled for November 8, 2024[197]. - The company declared dividends amounting to RMB 355,935 thousand for the six months ended June 30, 2024[114]. - The company plans to maintain a consistent dividend payout ratio of 100% for the upcoming periods[182].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 Shenzhen Investment Holdings Bay Area Development Company Limited 深 圳 投 控 灣 區 發 展 有 限 公 司 （於開曼群島註冊成立之有限公司） 股份代號：737（港幣櫃檯）及 80737（人民幣櫃檯） 截至二零二四年六月三十日止六個月之中期業績 | --- | --- | |-------|------------------------------------------------------------------------------------------| | | | | | 高速公路沿線城市經濟增長，收費公路營運表現亦保持穩定，但由於二零二四年上 | | ◼ | 半年節假日 7 座或以下客車免費通行措施共實施 17 天，較去年同期多出 4 天，回顧 | | | 期內的分佔淨路費收入按年輕微增長 1% 至約人民幣 12. ...