Zhejiang Expressway Supplemental Announcement Capital Increase
18 October 2016 - 12:35AM
UK Regulatory
TIDMZHEH
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)
SUPPLEMENTAL ANNOUNCEMENT
CONNECTED TRANSACTION
IN RELATION TO
CAPITAL INCREASE IN ZHEJIANG COMMUNICATIONS
INVESTMENT GROUP FINANCE CO., LTD.
Reference is made to the announcement of Zhejiang Expressway Co., Ltd. (the
"Company") dated 14 October 2016 (the "Announcement") in relation to the
Capital Contribution Agreement. Unless otherwise stated, terms used in this
announcement have the same meanings as defined in the Announcement.
As disclosed in the Announcement, according to the audited
financial statements of Zhejiang Communications Finance, the total assets of
Zhejiang Communications Finance as at 31 December 2015 were approximately
RMB6,270,342,000, and Zhejiang Communications Finance recorded
an operating revenue of approximately RMB270,333,000 and a profit before tax of
approximately RMB186,144,000 for the year ended 31 December 2015.
The Company would like to supplement that, according to the audited financial
statements of Zhejiang Communications Finance, Zhejiang Communications Finance
recorded a profit after tax of approximately RMB139,656,000 for the year ended
31 December 2015, and a profit before and after tax of approximately
RMB204,980,000 and RMB153,203,000, respectively, for the year ended 31 December
2014.
On behalf of the Board
ZHEJIANG EXPRESSWAY CO., LTD.
ZHAN Xiaozhang
Chairman
Hangzhou, PRC, 17 October 2016
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.
END
(END) Dow Jones Newswires
October 17, 2016 09:35 ET (13:35 GMT)
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