ZHEH.L Regulatory News (ZHEH)

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limitedtake no responsibility for the contents of this announcement, make no representation as toits accuracy or completeness and expressly disclaim any liability whatsoever for any losshowsoever arising from or in reliance upon the whole or any part of the contents of thisannouncement. ZHEJIANG EXPRESSWAY CO., LTD.(A joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock code: 0576) ANNOUNCEMENT ON RESULTS OF THE EGM Zhejiang Expressway Co., Ltd. (the "Company") held an extraordinary general meeting (the"EGM") at 3:00 p.m. on Thursday, October 16, 2014 at 12/F, Block A, Dragon Century Plaza, 1Hangda Road, Hangzhou, Zhejiang Province, the People's Republic of China (the "PRC"). Shareholders of the Company (the "Shareholders") who attended the EGM by proxy representeda total of 3,691,302,504 shares of the Company entitled to attend and to vote at the EGM,or 84.99% of the total issued share capital of the Company as at the date of the EGM. TheEGM was convened by the board of directors of the Company (the "Board"). Chairman of theCompany, Mr. ZHAN Xiaozhang, chaired the EGM. After considering the ordinary resolution proposed by the Board at the EGM, theShareholders resolved through voting by way of poll to approve and declare an interimdividend of Rmb6 cents per share in respect of the six months ended June 30, 2014, with3,691,302,504 shares voted in the affirmative (representing 100 % of the total sharesheld 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 theholders to attend and vote at the EGM in respect of the ordinary resolution thereat was4,343,114,500. There was no share entitling any holder to attend and vote only against theresolution at the EGM. Mr. Eric Shi of the Company's auditors, Deloitte Touche TohmatsuCertified Public Accountants, was appointed and acted as scrutineer for the vote takingduring the EGM. No person was required to abstain from voting at the EGM in relation to theabove. Further information on the payment of interim dividend for the six months ended June 30,2014 The payment of an interim dividend of Rmb6 cents per share in respect of the six monthsended June 30, 2014 has been approved by more than half of votes cast by the Shareholderspresent at the EGM. For determining the entitlement to the interim dividend, the register of members holding Hshares of the Company (the "H Shares") will be closed from October 22, 2014 to October 27,2014, both days inclusive, during which period no transfer of H Shares will be effected. Inorder for holders of H Shares to qualify for the interim dividend, all transfers of HShares accompanied by the transfer instruments and relevant share certificates must belodged with the Company's share registrars in Hong Kong, Hong Kong Registrars Limited atRooms 1712-1716, 17/F Hopewell Center, 183 Queen's Road East, Wanchai, Hong Kong forregistration not later than 4:30 p.m. on October 21, 2014. Shareholders whose namesappeared in the register of members of the Company on October 27, 2014 (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 inHong Kong dollars according to the average closing price of Hong Kong dollars to Renminbideclared by the People's Bank of China in the five trading days immediately preceding thedate of the declaration of dividends. The applicable exchange rate for the purpose of thepayment of the interim dividend is therefore HK$1.00 to Rmb0.79144. According to the Law on Corporate Income Tax of the People's Republic of China and therelevant implementing rules (the "CIT Law") which came into effect on January 1, 2008, theCompany is obliged to withhold for payment the corporate profit tax, which is at the rateof 10%, from the payment of dividends to non-resident enterprises (as defined under the CITLaw, including HKSCC (Nominees) Limited, other nominees, trustees or other groups andorganizations) who are holders of H Shares. Dividends paid to natural persons who areholders of H Shares are not subject to individual income tax for the time being. The interim dividend of HK$7.581 cents per share (before tax) is expected to be paid toholders of H Shares on November 27, 2014. Investors should read this announcement carefully. The Company will withhold for paymentthe corporate profit tax strictly in accordance with the relevant laws or requirements ofthe relevant governmental departments and strictly based on what has been registered on theH Share register of members on the Record Date. The Company will owe no liabilitywhatsoever in respect of, and will not entertain any claims arising from any delay in orinaccurate determination of, the status of the Shareholders, or any disputes over themechanism of withholding. By order of the Board Zhejiang Expressway Co., Ltd. Tony Zheng Company Secretary Hangzhou, the PRC, October 16, 2014 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 ofthe Company are: Mr. LI Zongsheng, Mr. WANG Weili and Mr. WANG Dongjie; and the independentnon-executive directors are: Mr. ZHANG Junsheng, Mr. ZHOU Jun and Mr. PEI Ker-Wei.