Resignation and Appointment

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the whole or any part of the contents of this announcement.

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

                                ANNOUNCEMENT
                  RESIGNATION OF INDEPENDENT SUPERVISOR
                                    AND
                    APPOINTMENT OF DEPUTY GENERAL MANAGER

Resignation of Independent Supervisor
The board of directors (the "Board") of Zhejiang Expressway Co., Ltd. 
(the "Company") hereby announces that the Company has received a letter of 
resignation on 28 March 2014 from Mr. Liu Haisheng, an independent supervisor
of the Company, pursuant to which Mr. Liu applied to resign as an independent
supervisor of the Company and which resignation became effective on 8 April 
2014.

Mr. Liu has confirmed that he has no disagreement with the Board or the 
supervisory committee of the Company and that there are no other matters 
relating to his resignation that would need to be brought to the attention
of the shareholders of the Company.

Further announcement will be made should there be any appointment of any 
alternate supervisor by the Company following the resignation of Mr. Liu 
from the position of the independent supervisor of the Company.

The Board would like to express its appreciation to Mr. Liu for his valuable 
contributions to the Company during his term of office.

Appointment of Deputy General Manager
The Board also announces that Mr. Tony Zheng has been appointed as Deputy
General Manager of the Company with effect from 9 April 2014 for an initial
term of one year. Mr. Zheng will remain as Company Secretary after his
appointment as Deputy General Manager.

Mr. Tony Zheng, who was born in 1969, obtained a Bachelor of Science degree
from the Civil Engineering Department of the University of California, 
Berkeley in 1995. Mr. Zheng joined the Company in June 1997 and has held 
the positions of Deputy Director of Secretarial Office to the Board and 
Assistant to  Company Secretary before he was appointed Company Secretary
in March 2011. Mr. Zheng also holds the positions of Director of Secretarial
Office to the Board and Director of the Hong Kong Representative Office 
of the Company.

                                                   On behalf of the Board
                                               ZHEJIANG EXPRESSWAY CO., LTD.
                                                      ZHAN Xiaozhang
                                                         Chairman
Hangzhou, PRC, 10 April 2014

As of the date of this announcement, the executive directors of the 
Company are: Mr. ZHAN Xiaozhang, Ms. LUO Jianhu and Mr. DING Huikang;
the non-executive directors of the Company are: Mr. LI Zongsheng,
Mr. WANG Weili and Mr. WANG Dongjie;and the independent non-executive
directors of the Company are: Mr. ZHANG Junsheng, Mr. ZHOU Jun and
Mr. PEI Ker-Wei.