Delay in Despatch of Circular

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Zhejiang Expressway Co., Ltd.

(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock code: 0576)

DELAY IN DESPATCH OF CIRCULAR
IN RELATION TO
DISCLOSEABLE AND CONNECTED TRANSACTION

Reference is made  to  the  announcement  of  Zhejiang  Expressway  Co.,  Ltd.  (the "Company") dated 17 October 2016 (the "Announcement") in relation to, among other things, the proposed disposal of 100% equity interest in Development Co. Unless otherwise defined, capitalised terms used in this announcement have the same meanings as those defined in the Announcement.

As stated in the Announcement,  the Company expected to despatch a circular  (the "Circular") containing, among other things, (i) details of the Share Purchase Agreement, (ii) a letter from the Independent Board Committee to the Independent Shareholders regarding the Disposal, (iii) a letter of advice from the independent financial adviser to the Independent Board Committee and the Independent Shareholders regarding the Disposal, and (iv) a notice of extraordinary general meeting of the Company, is expected to be despatched to the Shareholders on or before 7 November 2016.

As additional time is required for the Company to finalise the information to be contained in the Circular, the despatch date of the Circular is expected to be delayed to a date falling on or before 10 November 2016.

On behalf of the Board
ZHEJIANG EXPRESSWAY CO., LTD.
ZHAN Xiaozhang
Chairman

Hangzhou, PRC, 7 November 2016

As of the date of this announcement, the executive directors of the Company are: Mr. ZHAN Xiaozhang, Mr. CHENG Tao and Ms. LUO Jianhu; the non-executive directors of the Company are: Mr. WANG Dongjie, Mr. DAI Benmeng and Mr. ZHOU Jianping; and the independent non-executive directors of the Company are: Mr. ZHOU Jun, Mr. PEI Ker-Wei and Ms. LEE Wai Tsang Rosa.