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

(Stock code: 0576) ANNOUNCEMENT ON RESOLUTION PASSED AT THE EGM Results of EGM

Zhejiang Expressway Co., Ltd. (the "Company") held an extraordinary general meeting (the "EGM") at 3:00 p.m. on Thursday, October 17, 2013 at 12/F, Block A, Dragon Century Plaza, 1 Hangda Road, Hangzhou, Zhejiang Province, the People's Republic of China (the "PRC").
Shareholders of the Company (the "Shareholders") who attended the EGM by proxy represented a total of 3,733,821,889 shares of the Company entitled to attend and to vote at the EGM, or 85.97% of the total issued share capital of the Company as at the date of the EGM. The EGM was convened by the board of directors of the Company (the "Board"), and Chairman of the Company, Mr. ZHAN Xiaozhang, chaired the EGM.
After considering the ordinary resolution proposed by the Board, the Shareholders resolved through voting by way of poll to approve and declare an interim dividend of Rmb6 cents per share in respect of the six months ended June 30, 2013, with
3,733,821,889 shares voted in the affirmative (representing 100 % of the total shares held by the Shareholders present at the EGM) and no share voted in the negative.
As at the date of the EGM, the total number of issued shares of the Company entitling the holders to attend and vote at the EGM in respect of the ordinary resolution was
4,343,114,500. There was no share entitling any holder to attend and vote only against the resolution at the EGM. Ms. Minmin Li of the Company's auditors, 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 above.

Further information on the payment of interim dividend for the six months ended June 30, 2013

The payment of an interim dividend of Rmb6 cents per share in respect of the six months ended June 30, 2013 has been approved by more than half of votes cast by the Shareholders present at the EGM.
For determining the entitlement to the proposed interim dividend, the register of members holding H shares of the Company (the "H Shares") will be closed from
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October 23, 2013 to October 28, 2013, both days inclusive, during which period no transfer of H Shares will be effected. In order for holders of H Shares to qualify for the proposed interim dividend, all transfers of H Shares accompanied by the transfer instruments and relevant share certificates must be lodged with the Company's share registrars in Hong Kong, Hong Kong Registrars Limited at Rooms 1712-1716, 17/F Hopewell Center, 183 Queen's Road East, Wanchai, Hong Kong for registration not later than 4:30 p.m. on Tuesday, October 22, 2013. Shareholders whose names appeared in the register of members of the Company on October 28, 2013 (the "Record Date") 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 Rmb0.7894.
According to the Law on Corporate Income Tax of the People's Republic of China and the relevant implementing rules (the "CIT Law") which came into effect on January 1,
2008, the Company is obliged to withhold for payment the corporate profit tax, which is at the rate of 10%, from the payment of dividends to non-resident enterprises (as defined under the CIT Law, including HKSCC (Nominees) Limited, other nominees, trustees or other groups and organizations) who are holders of H Shares. Dividends paid to natural persons who are holders of H Shares are not subject to individual income tax for the time being.
The interim dividend of HK$7.601 cents per share (before tax) is expected to be paid to holders of H Shares on November 27, 2013.
Investors should read this announcement carefully. The Company will withhold for payment the corporate profit tax strictly in accordance with the relevant laws or requirements of the relevant governmental departments and strictly based on what has been registered on the H Share register of members on the Record Date. The Company will owe no liability whatsoever in respect of, and will not entertain any claims arising from any delay in or inaccurate determination of, the status of the Shareholders, or any disputes over the mechanism of withholding.
By order of the Board

Zhejiang Expressway Co., Ltd. Tony Zheng

Company Secretary

Hangzhou, the PRC, October 17, 2013

As at 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 are: Mr. ZHANG Junsheng, Mr. ZHOU Jun and Mr. PEI Ker-Wei.

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