Announcement on Resolutions Passed at the AGM

ZHEJIANG EXPRESSWAY CO.,LTD
   (A joint stock limited company incorporated in the People´s Republic of China 
                            with limited liability)                            
                              (Stock Code: 0576)

                  Announcement on Resolutions Passed at the AGM        

Results of AGM

Zhejiang Expressway Co., Ltd. (the "Company") held its 2006 annual general
meeting (the "AGM") at 9:00 a.m. on Monday, June 11, 2007 at 12th Floor, Block
A, Dragon Century Plaza, 1 Hangda Road, Hangzhou, Zhejiang Province 310007, the
People's Republic of China (the "PRC").

Three shareholders of the Company (the "Shareholders") attended the AGM by
proxy, representing a total of 3,481,838,937 shares of the Company entitled to
attend and to vote at the AGM, or 80.17% of total issued share capital of the
Company. Chairman of the Company, Mr. Geng Xiaoping, chaired the AGM. Votings
at the AGM took place by way of poll, with all the proposed resolutions duly
passed, details of which are as follows:

1. Resolved to approve the report of the directors of the Company for the year
   2006, with 3,454,839,937 shares voted in the affirmative (representing 99.22%
   of the total shares held by the Shareholders present at the AGM) and no share
   voted in the negative;

2. Resolved to approve the report of the supervisory committee of the Company
   for the year 2006, with 3,454,839,937 shares voted in the affirmative
   (representing 99.22% of the total shares held by the Shareholders present at
   the AGM) and no share voted in the negative;

3. Resolved to approve the audited financial statements of the Company for the
   year 2006, with 3,454,839,937 shares voted in the affirmative (representing
   99.22% of the total shares held by the Shareholders present at the AGM) and no
   share voted in the negative;

4. Resolved to approve the payment of a final dividend of Rmb20 cents per share
   in respect of the year 2006, with 3,481,838,937 shares voted in the affirmative
   (representing 100% of the total shares held by the Shareholders present at the
   AGM); and

5. Resolved to approve the financial budget of the Company for the year 2007,
   with 3,481,234,937 shares voted in the affirmative (representing 99.98% of the
   total shares held by the Shareholders present at the AGM) and no share voted in
   the negative.

The total number of issued shares of the Company entitling the holders to
attend and vote at the AGM in respect of the ordinary resolutions was
4,343,114,500. There was no share entitling any holder to attend and vote only
against the resolutions at the AGM. Ms. Wendy Yang of Deloitte Touche Tohmatsu
Certified Public Accountants was appointed and acted as scrutineer for the vote
taking during the AGM. No person was required to abstain from voting at the AGM
in relation to the above.

Further information on the payment of final dividend for the year 2006

The payment of a final dividend of Rmb20 cents per share for the year 2006 was
approved by more than half of votes cast by the Shareholders at the AGM.
Shareholders of the Company whose names appeared in the register of members of
the Company on May 17, 2007 are entitled to the said final dividend.

Pursuant to the Company's articles of association, dividends of H Shares shall
be paid in Hong Kong dollars according to the average closing price of Hong
Kong dollars to Renminbi declared by the People's Bank of China in the five
trading days immediately preceding the date of the declaration of dividends.
The applicable exchange rate for the purpose of the payment of the final
dividend is therefore HK$1.00 to Rmb0.9781. The final dividend of HK$20.448
cents per share is expected to be paid to shareholders of the H Shares of the
Company on June 29, 2007.

                                                     By order of the Board
                                                        ZHANG Jingzhong
                                                       Company Secretary

Hangzhou, the PRC, June 11, 2007

As at the date of this announcement, the executive directors of the Company
are: Messrs. Geng Xiaoping, Fang Yunti, Zhang Jingzhong and Jiang Wenyao; the
non-executive directors are: Messrs. Zhang Luyun and Zhang Yang; and the
independent non-executive directors are: Messrs. Tung Chee Chen, Zhang Junsheng
and Zhang Liping.