Appointment of Staff Representative Supervisor

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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 STAFF REPRESENTATIVE SUPERVISOR

This announcement is made by Zhejiang Expressway Co., Ltd (the "Company") pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Listing Rules").

On 30 March 2017, the staff and workers of the Company elected Mr. Zhan Huagang ("Mr. Zhan") as a staff representative supervisor of the Company representing the staff of the Company in accordance with the articles of association of the Company. Mr. Zhan will hold office until the expiration of the term of the seventh session of the board of supervisors, being 30 June 2018.

Mr. Zhan, born in 1961, is a professor-level senior engineer (engineering). He graduated from Zhejiang University with a Bachelor of Engineering, major in thermal physics.

Mr. Zhan had served as a senior engineer at the Highway Command Unit of the Zhejiang Province*, deputy general manager of Zhejiang Express Investment Development Co., Ltd*, and chairman of the board and general manager of Zhejiang Express Advertisement Company*. He has been employed by the Company since March 1997, previously as manager of operations management, manager of investment and development, manager of equipment management, manager of engineering management, and director of maintenance management. Mr. Zhan currently serves as a member of the party committee and the chairman of the union of the Company.

Mr. Zhan has not entered into any service contract with the Company or its subsidiaries in respect of his appointment as a staff representative supervisor of the Company, and will not be entitled to any service fee for his service as a staff representative supervisor. The appointment of Mr. Zhan will not be subject to approval by the shareholders of the Company in accordance with the articles of association of the Company.

Save as disclosed above, Mr. Zhan (i) does not hold any other directorships in any listed public companies in Hong Kong or overseas, in the last three years nor has held any other positions with the Group; (ii) does not have any relationship with any directors, supervisors, senior management, substantial shareholders or controlling shareholders of the Company; and (iii) does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

Save as disclosed above, there is no other matter concerning Mr. Zhan that is required to be brought to the attention of the shareholders of the Company nor any information to be disclosed pursuant to the requirements under Rule 13.51(2) of the Listing Rules.

By Order of the Board
ZHEJIANG EXPRESSWAY CO., LTD.
Tony Zheng
Company Secretary

Hangzhou, PRC, March 30, 2017

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.

*       For identification purpose only