Beijing Metro

Beijing City Metro Ltd. (hereinafter referred to as Beijing Metro) was established on February 15, 2016, with a registered capital of RMB500 million, which was jointly operated by BII Railway Transportation Technology Holdings Company Limited (BIITT) and Beijing Subway Operation Co., Ltd. (hereinafter referred to as Operation Company), of which, Operation Company and this Group hold 51% and 49% equity respectively. The business scope of Beijing Metro is the subway operation and management, advertising and property management. To this end, Beijing Metro signed an operating income rights transfer agreement with Beijing Dongzhimen Airport Express Rail, involving all the existing subway and airport lines of Beijing Metro, including the operating income rights of part of floors from the airport line to Dongzhimen aviation service buildings. The establishment of Beijing Metro has a positive significance to revitalize the stock assets of Beijing rail transit, explore the reform mode of operation mechanism, give full play to the advantages of industrial resources and play a strategic synergistic effect.