At least one VIE exists in the corporate structure
Nationwide provider of road transportation services in the PRC. As a provider of road transportation services in the PRC, Yiyang Group serves customers, offering scheduled passenger service on approximately 400 different transportation routes throughout the PRC on a fleet of approximately 900 buses. Yiyang Group operates 24 passenger and freight station yards, which are primarily located in Yiyang city and the surrounding area. Yiyang Group services most cities and areas within the territory of Hunan province of the PRC. Yiyang Group also provides transportation services in the developed provinces and cities of Guangdong, Fujian, Zhejiang, Shanghai, Jiangsu, Shanxi, Henan, and Beijing. The following diagram illustrates the Yiyang Group’s transport lines in China.
Operations are separated into three different operating structures, all of which are discussed below: 1) Corporate Operation of Corporate Vehicle; 2) Private Operation of Contracted Transport; and 3) Vehicle-Affiliated Operation.
Last updated May 1, 2010
Transportation