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., for the six months ended June 30, 2020.

Set out below are the key unaudited financial figures of Zheshang Securities Co., Ltd. for the six months ended June 30, 2020.

			Unaudited, Rmb'000
	Six months ended	As at
	June 30, 2020	June 30, 2020
	Income	Net Profit	Net Asset
Zheshang Securities1	4,490,269.9	657,542.5	80,260,450.0

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.

On behalf of the Board

Zhejiang Expressway Co., Ltd.

YU Zhihong

Chairman

Hangzhou, the PRC, July 24, 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.