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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

Th is i s a vol unta ry anno unce men t ma de by Zhej ian g Exp res sw ay C o., 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 October 2019.

Set out below are the key financial figures of Zheshang Securities Co., Ltd. in October 2019.

Unaudited, Rmb'000

As at

October 2019

October 31, 2019

Income

Net Profit

Net Asset

Zheshang Securities1

122,482.8

21,800.2

13,055,230.4

Zheshang AM2

25,224.9

2,765.1

1,579,606.6

  1. Zheshang Securities Co., Ltd., a 63.74% 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, November 6, 2019

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

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Zhejiang Expressway Co. Ltd. published this content on 06 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 November 2019 08:59:10 UTC