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 November 2017.

Set out below are the key financial figures of Zheshang Securities Co., Ltd. in November 2017.

November2017
Unaudited, Rmb'000
As at November30, 2017
	Income	Net Profit	Net Asset
Zheshang Securities1	193,167.9	72,588.9	11,654,429.1
Zheshang AM2	22,345.7	1,429.5	1,141,040.2
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.
ZHAN Xiaozhang         
Chairman                

Hangzhou, the PRC, December 6, 2017

As at 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.