Voluntary Announcement on Business Update

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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)

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., in July 2017.

Set out below are the key financial figures of Zheshang Securities Co., Ltd. in July 2017.

				Unaudited, Rmb'000
				As at
		July 2017		July 31, 2017
		Income	Net Profit	Net Asset
Zheshang Securities1		187,497.2	69,799.7	11,362,354.8
Zheshang AM2		27,077.8	6,574.8	1,124,685.2
1.    Zheshang Securities Co., Ltd., a 63.74% owned subsidiary of Zhejiang Shangsan Expressway Co. Ltd., who in turn is a 73.625% owned subsidiary of Zhejiang Expressway Co., Ltd.
2.    Zhejiang Zheshang Securities Asset Management Co., Ltd., a 100% owned subsidiary of Zheshang Securities Co., Ltd.

                                                                                                                                                                      On behalf of the Board
                                                                                                                                        Zhejiang Expressway Co., Ltd.
                                                                                                                                     ZHAN Xiaozhang
                                                                                                                                                                     Chairman

Hangzhou, the PRC, August 4, 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.