Voluntary Announcement on Business Update

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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)

VOLUNTARY ANNOUNCEMENT ON BUSINESS UPDATE

This is a voluntary announcement made by Zhejiang Expressway Co., Ltd. (the "Company" and together with its subsidiaries, the "Group") to inform its shareholders of the latest business development of the Group.

The directors (the "Directors") of the Company are pleased to announce the key financial figures of our subsidiary, Zheshang Securities Co., Ltd., in June 2018.

Set out below are the key financial figures of Zheshang Securities Co., Ltd. in June 2018.

Unaudited, Rmb'000
June 2018 As at 
June
 30, 2018
Income Net Profit   Net Asset
Zheshang Securities1 128,545.7 66,369.2 11,662,434.0
Zheshang AM2 21,120.3 118.1 1,245,480.7
1.     Zheshang Securities Co., Ltd., a 63.74% owned subsidiary of Zhejiang Shangsan Expressway Co., Ltd., who in turn is a 73.625% owned subsidiary of Zhejiang Expressway Co., Ltd.
2.     Zhejiang Zheshang Securities Asset Management Co., Ltd., a 100% owned subsidiary of Zheshang Securities Co., Ltd.

On behalf of the Board          
Zhejiang Expressway Co., Ltd.
YU Zhihong                 
Chairman                  

Hangzhou, the PRC, July 6, 2018

As at the date of this announcement, the Chairman of the Company is Mr. YU Zhihong; the executive Directors of the Company are: Mr. CHENG Tao and Ms. LUO Jianhu; the other non-executive Directors of the Company are: Mr. DAI Benmeng, Mr. YU Qunli and Mr. YU Ji; and the independent non-executive Directors of the Company are: Mr. PEI Ker-Wei, Ms. LEE Wai Tsang, Rosa and Mr. CHEN Bin.

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