Appointment of Committee Chairmen etc

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ZHEJIANG EXPRESSWAY CO., LTD.
(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock code: 0576)

APPOINTMENT OF COMMITTEE CHAIRMEN,
SENIOR OFFICERS AND AUTHORIZED REPRESENTATIVES

Zhejiang Expressway Co., Ltd. (the "Company") held its first meeting of the seventh session of the board of directors (the "Board") of the Company at 9:00 a.m. on Wednesday, July 1, 2015 at 7/F, No. 2 Mingzhu International Business Center, 199 Wuxing Road, Hangzhou City, Zhejiang Province, the People's Republic of China (the "PRC").

Appointment of Committee Chairmen and Senior Officers

The seventh session of the Board (i) elected Mr. ZHAN Xiaozhang as Chairman of the Seventh Session of the Board and (ii) appointed Mr. ZHAN Xiaozhang as Chairman of the Strategic Committee and Nomination Committee, Mr. ZHOU Jun as Chairman of the Audit Committee, and Mr. PEI Ker-Wei as Chairman of the Remuneration Committee, respectively, of the Seventh Session of the Board.

At the same meeting, Ms. LUO Jianhu was appointed as General Manager of the Company; Mr. DING Huikang, Mr. ZHANG Jingzhong, Mr. FANG Zhexing, Mr. ZHU Yimin, Mr. Tony ZHENG and Ms. ZHANG Xiuhua were appointed as Deputy General Managers of the Company; Mr. WANG Dehua was appointed as Chief Financial Officer of the Company; and Mr. Tony ZHENG was appointed as Company Secretary of the Company.

The appointments above are for a term of three years, commencing on July 1, 2015 and expiring on June 30, 2018.

Profile of Newly Appointed Deputy General Manager

Mr. Zhu Yimin is a newly appointed Deputy General Manager of the Company. Mr. Zhu, born in 1961, is an engineer. He graduated from Chang'an Uninversity in July 2000 with professional program in Roads and Transportation Engineering. He joined the People's Liberation Army garrison 83026 from December 1978 to January 1982. From January 1982 to December 1998, he worked in Anji County Water Traffic Control Department, Huzhou Port and Water Traffic Administration Department and Huzhou City Water Traffic Administration Department. From June 1994 to December 1998, he was the Director of Huzhou City Traffic Engineering Department. From December 1998 to September 2000, he served as the Assistant to Director of Huzhou City Water Traffic Control and Administration Department. From January 2003 to August 2004, he was the Assistant Manager of Huzhou City Transportation Investment and Development Corporation. From August 2004 to May 2015, Mr. Zhu has served in different positions including the Deputy General Manager of Zhejiang Shenjiahuhang Expressway Co., Ltd, the Deputy General Manager of Zhejiang Province North Zhejiang Expressway Management Co., Ltd., the Deputy General Manager of Zhejiang Shensuzhewan Expressway Co. Ltd., the Deputy General Manager of Zhejiang Province West Zhejiang Expressway Co., Ltd., and Deputy General Manager of Zhejiang Hanghui Expressway Co. Ltd.

Appointment of Authorized Representatives

The Company has appointed Mr. ZHAN Xiaozhang and Ms. LUO Jianhu to be its authorized representatives pursuant to Rule 3.06 of the Listing Rules with effect from July 1, 2015. Mr. ZHANG Jingzhong will cease to be an authorized representative of the Company with effect from the same date.

By order of the Board
Tony ZHENG
Company Secretary

Hangzhou, the PRC, July 1, 2015

As at the date of this announcement, the executive directors of the Company are: Mr. ZHAN Xiaozhang, Mr. CHENG Tao and Ms. LUO Jianhu; the non-executive directors of the Company are: Mr. WANG Dongjie, Mr. DAI Benmeng and Mr. ZHOU Jianping; and the independent non-executive directors of the Company are: Mr. ZHOU Jun, Mr. PEI Ker-Wei and Ms. LEE Wai Tsang, Rosa.