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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)
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.