Result of EGM

Zhejiang Expressway Co
03 November 2005



 (A joint stock limited company incorporated in the People's Republic of China
                            with limited liability)

                               (Stock Code: 0576)



                 Announcement on Resolutions Passed at the EGM



Results of EGM



Zhejiang Expressway Co., Ltd. (the 'Company') published the notice of its
proposed extraordinary general meeting (the 'EGM') on September 15, 2005, and
subsequently held the EGM at 9:00 a.m. on October 31, 2005, at 18th Floor,
Zhejiang World Trade Center, 122 Shuguang Road, Hangzhou, the PRC.



Three shareholders of the Company (the 'Shareholders') attended the EGM by
proxy, representing a total of 3,511,881,657 shares of the Company entitled to
attend and to vote at the EGM, or 80.86% of total issued share capital of the
Company. The EGM was chaired by Director and General Manager of the Company, Mr.
Fang Yunti.



After considering the resolutions proposed by the board of directors of the
Company, the Shareholders attending the EGM by proxy resolved through voting by
way of poll to approve the ordinary resolutions, details of which are as
follows:



1.      Approved and declared an interim dividend of Rmb7.0 cents per share in
respect of the six months ended June 30, 2005, with 3,511,881,657 shares voted
in the affirmative (representing 100.00% of total shares held by the
Shareholders present at the EGM) and no share voted in the negative;



2.      Approved the appointment of Deloitte Touche Tohmatsu Certified Public
Accountants Hong Kong as the Hong Kong auditors of the Company and authorized
the board of directors of the Company to fix their remuneration, with
3,510,631,657 shares voted in the affirmative (representing 99.96% of total
shares held by the Shareholders present at the EGM) and no share voted in the
negative; and



3.      Approved the re-appointment of Zhejiang Pan China Certified Public
Accountants as the People's Republic of China auditors of the Company and
authorized the board of directors of the Company to fix their remuneration, with
3,510,533,657 shares voted in the affirmative (representing 99.96% of total
shares held by the Shareholders present at the EGM) and no share voted in the
negative.



The total number of issued shares of the Company entitling the holders to attend
and vote for or against the ordinary resolutions at the EGM was 4,343,114,500.
There was no share entitling any holder to attend and vote only against the
ordinary resolutions at the EGM. Ms. Grace Le of Deloitte Touche Tohmatsu
Certified Public Accountants was appointed and acted as scrutineer for the vote
taking during the EGM. No person was required to abstain from voting at the EGM
in relation to the ordinary resolutions.



Further Information on the Payment of Interim Dividend for the Six Months Ended
June 30, 2005



As stated above, the proposed distribution of profits of the Company for the six
months ended June 30, 2005 to the amount of Rmb7.0 cents per share was approved
by the Shareholders at the EGM. Shareholders of the Company whose names appeared
in the register of members of the Company on October 6, 2005 are entitled to the
said interim dividend.



Pursuant to the Company's articles of association, dividends of H Shares
shall be paid in Hong Kong dollars according to the average closing price of
Hong Kong dollars to Renminbi declared by the People's Bank of China in the
five trading days immediately preceding the date of the declaration of
dividends. The applicable exchange rate for the purpose of the payment of the
interim dividend is therefore HK$1.00 to Rmb1.0427. The interim dividend of
HK$0.06713 per share is expected to be paid to shareholders of the H Shares of
the Company on or before November 25, 2005.




                                                          By Order of the Board
                                                             Zhang Jingzhong
                                                            Company Secretary





Hangzhou, October 31, 2005





As at the date of this announcement, the executive directors of the Company are:
Messrs. Geng Xiaoping, Fang Yunti, Zhang Jingzhong and Xuan Daoguang; the
non-executive directors are: Messrs. Zhang Luyun and Zhang Yang; and the
independent non-executive directors are: Messrs. Tung Chee Chen, Zhang Junsheng
and Zhang Liping.




                      This information is provided by RNS
            The company news service from the London Stock Exchange