ZHEH.L Regulatory News (ZHEH)

29 Feb 2012 12:41

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) Announcement

Pursuant to resolutions passed at the general meeting of shareholders of Zhejiang Expressway Co., Ltd. (the "Company") on February 27, 2009, the current session of the board of directors (the "Board") and the supervisory committee (the "Supervisory Committee") of the Company is set to expire on February 29, 2012.

However, due to a delay in the nomination process for the appointment of candidates to the next session of the Board and the Supervisory Committee after February 29, 2012, the current members of the Board and the Supervisory Committee will continue to discharge their duties and responsibilities as members of the Board and the Supervisory Committee in accordance with the relevant rules, regulations and articles of association of the Company until a new session of the Board and the Supervisory Committee is elected. The Company will complete the nomination and election process for the candidates to the new session of the Board and the Supervisory Committee as soon as practicable but in any event before May 30, 2012.

Terms of appointment for the senior management of the Company will be extended for the same period as the current members of the Board and the Supervisory Committee.

By order of the Board Tony Zheng Company Secretary

Hangzhou, the PRC, February 28, 2012

As at the date of this announcement, the executive directors of the Company are: Messrs. Jisong Chen, Xiaozhang Zhan, Wenyao Jiang, Jingzhong Zhang and Huikang Ding; the non-executive director of the Company is: Mrs. Luyun Zhang; and the independent non-executive directors of the Company are: Messrs. Chee Chen Tung, Junsheng Zhang and Liping Zhang.