Delay in Despatch of Circular

Hong  Kong  Exchanges  and  Clearing  Limited  and  The  Stock  Exchange  of  Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon 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)

DELAY IN DESPATCH OF CIRCULAR
IN RELATION TO
MAJOR AND CONNECTED TRANSACTION

Reference is made to the announcement of Zhejiang Expressway Co., Ltd. (the "Company") dated 12 October 2015 (the "Announcement") in relation to the proposed disposal of 50% equity interest in Petroleum Co.

Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

As stated in the Announcement, the Company expected to despatch a circular (the "Circular") containing, among other things, (i) details of the Share Purchase Agreement and the relevant transactions contemplated thereunder, (ii) a letter from the Independent Board Committee and a letter from the independent financial adviser to advise the Independent Board Committee and the Independent Shareholders on the terms of the Share Purchase Agreement, and (iii) a notice of extraordinary general meeting, to the Shareholders on or before 3 November 2015.

As additional time is required for the Company to prepare and finalise the information to be contained in the Circular, the despatch date of the Circular is expected to be delayed to a date falling on or before 6 November 2015.

On behalf of the Board
ZHEJIANG EXPRESSWAY CO., LTD.
ZHAN Xiaozhang
Chairman

Hangzhou, PRC, 3 November 2015

As  of  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.