Shenzhen International : Joint Announcement - Proposed Acquisition of Coastal Company

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.

(incorporated in Bermuda with limited liability)

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

(Stock Code：00152)

Republic of China with limited liability)

(Stock Code：00548)

JOINT ANNOUNCEMENT

PROPOSED ACQUISITION OF COASTAL COMPANY

This 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 under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

On 8 December 2017, the board of directors of SZ Expressway resolved that SZ Expressway will acquire 100% equity interest in 深圳市廣深沿江高速公路投資有限公司 (Shenzhen Guangshen Coastal Expressway Investment Company Limited, "Coastal Company") from 深 圳市投資控股有限公司 (Shenzhen Investment Holdings Company Limited, "SIHCL"), the sole shareholder of Coastal Company ("Proposed Acquisition").

As at the date of this announcement, SZ Expressway is owned as to 50.889% by SZ International, SIHCL is the controlling shareholder (as defined under the Listing Rules) of SZ International which indirectly holds approximately 44.25% of the issued share capital of SZ International and the sole shareholder of Coastal Company. Accordingly, SIHCL and Coastal Company are connected persons of SZ International and SZ Expressway pursuant to Chapter 14A of the Listing Rules.

If the Proposed Acquisition is materialised, the transaction contemplated thereunder will constitute a discloseable and connected transaction of each of SZ International and SZ Expressway, and SZ International and SZ Expressway have to comply with the reporting and announcement requirements under Chapter 14 of the Listing Rules, and the reporting, announcement and independent shareholders' approval under Chapter 14A of the Listing Rules. SZ International and SZ Expressway will make further announcement in accordance with the Listing Rules as appropriate when SZ Expressway enter into a binding agreement in relation to the Proposed Acquisition.

By Order of the Board	By Order of the Board
Shenzhen International Holdings Limited	Shenzhen Expressway Company Limited
Company Secretary	Joint Company Secretary
Shenzhen, PRC, 8 December 2017

Tam Mei Mei

Luo Kun

As at the date of this announcement, the board of directors of SZ International consists of Messrs. Gao Lei, Li Hai Tao, Zhong Shan Qun, Liu Jun and Hu Wei as executive directors, Messrs. Xie Chu Dao and Liu Xiao Dong as non-executive directors and Messrs. Leung Ming Yuen, Simon, Ding Xun, Nip Yun Wing and Dr. Yim Fung as independent non-executive directors.

As at the date of this announcement, the directors of SZ Expressway are Mr. HU Wei (executive director and Chairman of the Board), Mr. WU Ya De (executive director and president), Mr. WANG Zeng Jin (executive director), Mr. LIAO Xiang Wen (executive director), Mr. ZHAO Jun Rong (non-executive director), Mr. TSE Yat Hong (non-executive director), Mr. LIU Ji (non-executive director), Mr. CHEN Yuan Jun (non-executive director), Mr. AU Sing Kun (independent non-executive director), Mr. LIN Chu Chang (independent non-executive director), Mr. HU Chun Yuan (independent non-executive director) and Mr. CAI Shu Guang (independent non-executive director).