Shenzhen Expressway : Joint Announcement - Inside Information

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

(Incorporated in Bermuda with limited liability)

(Stock Code: 00152)

(Debt Securities Stock Code: 05042)

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)

(Debt Securities Stock Code: 05684)

JOINT ANNOUNCEMENT

INSIDE INFORMATION

This joint announcement is made by Shenzhen International Holdings Limited ("SZ

International") and Shenzhen Expressway Company Limited ("SZ Expressway") pursuant to

Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Reference is made to the joint announcement dated 15 March 2021 of SZ International and SZ Expressway (the "Announcement"). Unless otherwise defined, capitalized terms used herein shall have the same meanings as those defined in the Announcement. The respective board of directors of SZ International and SZ Expressway (a subsidiary of SZ International held as to approximately 52%) are pleased to announce that on 13 April 2021, Mei Wah Industrial (Hong Kong) Limited, a wholly-owned subsidiary of SZ Expressway, has obtained a waiver from the obligation to make a mandatory general offer for Bay Area Development arising as a result of the Potential Transaction pursuant to Note 6(a) of Rule 26.1 of the Takeovers Code from the Executive of The Securities and Futures Commission of Hong Kong .

WARNINGS: The Potential Transaction is subject to the negotiation and the parties entering into the relevant Formal Transfer Agreement and is subject to the satisfaction (or waiver, as the case may be) of certain conditions precedent. Therefore, there is no assurance that the Potential Transaction will materialise or eventually be consummated and the discussion of which may or may not constitute connected transaction and/or notifiable transaction of SZ Expressway and SZ International under the Listing Rules. Shareholders and potential investors of SZ Expressway and SZ International should exercise caution when dealing in the securities of each of SZ Expressway and SZ International, and if they are in any doubt about their position, they should consult their professional adviser(s).

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By Order of the Board	By Order of the Board
Shenzhen International Holdings Limited	Shenzhen Expressway Company Limited
Liu Wangxin	Gong Tao Tao
Joint Company Secretary	Joint Company Secretary

Shenzhen, PRC, 14 April 2021

As at the date of this joint announcement, the board of directors of SZ International consists of Mr. Li Haitao, Mr. Wang Peihang and Mr. Dai Jingming as executive directors, Mr. Hu Wei and Mr. Zhou Zhiwei as non-executive directors and Professor Cheng Tai Chiu, Edwin, Mr. Pan Chaojin and Mr. Chan King Chung as independent non-executive directors.

As at the date of this joint announcement, the board of directors of SZ Expressway consists of 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).

The directors of SZ Expressway and SZ International jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement the omission of which would make any statement in this joint announcement misleading.

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