How Many Seats Are Eligible for Toll-Free Highway Travel?

[MayaMarie]

Highway toll exemptions apply to vehicles with 7 seats or fewer. Article 21 of the Road Traffic Safety Law of the People's Republic of China states: Before driving a motor vehicle on the road, the driver shall carefully inspect the safety and technical performance of the vehicle; it is prohibited to drive a motor vehicle with incomplete safety facilities or components that do not meet technical standards, posing safety hazards. Relevant information about the holiday highway toll-free policy is as follows: Introduction: The holiday highway toll-free policy refers to the exemption of tolls for small passenger vehicles during major holidays. Policy Impact: Affected by the macroeconomic situation, although only small passenger vehicles with 7 seats or fewer are exempt from tolls during major holidays, due to the downturn in the manufacturing economy, cargo transportation demand in some regions has significantly declined, leading to a year-on-year decrease in toll revenue during the free period. A Guojin Securities report estimates that this measure will impact the performance of listed companies by approximately 5% to 10%.