Shenzhen Expressway : Announcement - Result of Issue of Corporate Bonds in the PRC

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

深 圳 高 速 公 路 股 份 有 限 公 司

SHENZHEN EXPRESSWAY COMPANY LIMITED

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 00548)

ANNOUNCEMENT

RESULT OF ISSUE OF CORPORATE BONDS IN THE PRC

This announcement is made pursuant to the disclosure obligation under Rules 13.09(2) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and related requirements.

Reference is made to the announcements of Shenzhen Expressway Company Limited (the "Company") dated 3 June 2020 and 13 April 2021 in relation to the issue of phase 1 of the 2021 green corporate bonds of RMB1.2 billion (the "Phase 1 Green Corporate Bonds") to the public in the market of the PRC.

The board (the "Board") of directors (the "Directors") of the Company hereby announces that, the issue of the Phase 1 Green Corporate Bonds is completed on 19 April 2021, and the result of which is as follows:

The Phase 1 Green Corporate Bonds were issued at the issuance price of RMB100 each with a term of 5 years. The Company shall have the coupon rate adjustment right and the bondholders shall have the right to sell-back at the end of the third year. The Phase 1 Green Corporate Bonds were issued by issuance method of offline issue to the professional investors carried out based on the book-building results. The actual issuance size thereof is RMB1.2 billion and the final coupon rate is 3.49%.

By Order of the Board

Gong Tao Tao

Joint Company Secretary

Shenzhen, PRC, 20 April 2021

As at the date of this announcement, the Directors of the Company are Mr. HU Wei (Executive Director and Chairman of the Board), Mr. LIAO Xiang Wen (Executive Director and President), Mr. WANG Zeng Jin (Executive Director), Mr. WEN Liang (Executive Director), Mr. DAI Jing Ming (Non-executive Director), Ms. LI Xiao Yan (Non-executive Director), Ms. CHEN Hai Shan (Non-executive Director), Ms. CHEN Xiao Lu (Independent non-executive Director), Mr. BAI Hua (Independent non-executive Director) and Mr. LI Fei Long (Independent non-executive Director).

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