Result of EGM

Zhejiang Expressway Co
5 October 2001

The Stock Exchange of Hong Kong Limited takes no responsibility for the
contents of this announcement, makes no representation as to its accuracy or
completeness and expressly disclaims 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)

Results of Extraordinary General Meeting

The board of directors of Zhejiang Expressway Co., Ltd. ('Company') announces
that an extraordinary general meeting was held on September 28th, 2001 with
the following results:

1.        The proposed interim dividend of the Company for the six months
ended June 30th, 2001 in the amount of RMB0.03 per share (approximately
HK$0.02827 per share) ('Interim Dividend') was approved; and

2.        The proposed simulated share option scheme of the Company was not
approved.

The Interim Dividend will be payable to holders of the H shares of the Company
whose name appeared in the register of members of the Company on August 28th,
2001 on or before October 25th, 2001.

                                                         By Order of the Board
                                                                  Wenyao Jiang
                                                             Company Secretary
                                                   Hangzhou, Zhejiang, the PRC
                                                             October 3rd, 2001