Zhejiang Expressway : Voluntary Announcement on Business Update

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(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 July 2020.

Set out below are the key financial figures of Zheshang Securities Co., Ltd. in July 2020.

			Unaudited, Rmb'000
			As at
	July 2020	July 31, 2020
	Income	Net Profit	Net Asset
Zheshang Securities1	512,636.8	138,391.6	14,534,078.3
Zheshang AM2	50,256.3	6,571.1	1,633,345.0

1. Zheshang Securities Co., Ltd., a 62.61% owned subsidiary of Zhejiang Shangsan Expressway Co., Ltd., who in turn is a 73.625% owned subsidiary of the Company.
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, August 6, 2020

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