Below is a simplified corporate structure of the Group as at 31 December 2020 and does not include intermediate holding entities, and the percentages of interests shown represent the percentages for which the Group has acquired effective control.

(1) Listed company in Hong Kong
(2) Listed company in the PRC
(3) Only projects in operation are included
(4) Excluding a residential land use project held by an associate in which the Group holds 50% equity interest
(5) On 1 December 2020, Shenzhen Baotong Highway Construction and Development Company Limited (now known as Zhilian Shenzhen International Smart Logistics (Shenzhen) Co., Ltd.), a wholly-owned subsidiary of the Company, transferred its holdings of 89.93% equity of Shenzhen Longda Expressway Co., Ltd. to Shenzhen Expressway Company Limited

The English names of the PRC entities are translations of their Chinese names and included herein for identification purpose only. In the event of any inconsistency, the Chinese names shall prevail.