Board Meeting Notification

Zhejiang Expressway Co
21 February 2001


                   Notice of Board Meeting


Zhejiang Expressway Co., Ltd. ('Company') will be holding a
board meeting on March 5th, 2001, from 10:45am at the Atrium
I Room on 39th Floor of the Island Shangri-La Hotel, Hong
Kong, to consider, and if thought fit approve the following
resolutions and/or documents:

1.   The Chairman's Statement for financial year 2000;
2.   The Report of the Directors for financial year 2000;
3.   The Audited Financial Statements for financial year
  2000;
4.   The Profit Distribution and Dividend Payoff Proposal
  for financial year 2000;
5.   The Budget Proposal for financial year 2001;
6.   Announcement of Results for financial year 2000 and the
  contents thereof;
7.   Recommend to the  shareholders' Annual General Meeting
  to re-appoint Ernst & Young Certified Public Accountants as
  the Company's international auditors, and Zhejiang Pan-China
  Certified Public Accountants as the Company's domestic
  auditors, and to authorize the Board to fix their
  remuneration;
8.   The Lending and Provision of Guarantees Proposals for
  financial year 2001;
9.   The dispatch of Annual Reports for financial year 2000;
10.  The establishment of a Internal Audit Department to
  exercise supervision over the Company's business
  transactions and financial activities;
11.  To hold the shareholders' Annual General Meeting on
  April 25th, 2001 or a later date as deemed appropriate by
  the Board to consider, and if thought fit approve the
  following resolutions:
  As ordinary resolutions:
  a)   The Chairman's Statement for financial year 2000;
  b)   The report of the Supervisory Committee for financial
     year 2000;
  c)   The Audited Financial Statements for financial year
     2000;
  d)   The Profit Distribution and Dividend Payoff Proposal
     for financial year 2000;
  e)   The Budget Proposal for financial year 2001; and
  f)   To re-appoint Ernst & Young Certified Public
     Accountants as the Company's international auditors, and
     Zhejiang Pan-China Certified Public Accountants as the
     Company's domestic auditors, and to authorize the Board to
     fix their remuneration.
12.  The Notice of Annual General Meeting for financial year
  2000.

                      By Order of the Chairman of the Board
                                                            
                                                            
                                        Mr. Zhang, Jingzhong
                                           Company Secretary