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Voluntary Announcement on Business Update

6 Feb 2018 14:42

Zhejiang Expressway Co Ld - Voluntary Announcement on Business Update

Zhejiang Expressway Co Ld - Voluntary Announcement on Business Update

PR Newswire

London, February 6

Hong Kong Stock 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)

VOLUNTARY ANNOUNCEMENTON BUSINESS UPDATE

This is a voluntary announcement made by Zhejiang Expressway Co., Ltd. (the "Company" and together with its subsidiaries, the "Group") to inform its shareholders of the latest business development of the Group.

The directors (the "Directors") of the Company are pleased to announce the key financial figures of our subsidiary, Zheshang Securities Co., Ltd., in January 2018.

Set out below are the key financial figures of Zheshang Securities Co., Ltd. in January 2018.

Unaudited, Rmb'000
As at
January 2018January 31, 2018
IncomeNet ProfitNet Asset
Zheshang Securities1174,403.053,542.311,735,758.3
Zheshang AM224,016.61,087.01,151,800.0
1. Zheshang Securities Co., Ltd., a 63.74% owned subsidiary of Zhejiang Shangsan Expressway Co.,Ltd., who in turn is a 73.625% owned subsidiary of Zhejiang Expressway Co., Ltd.
2. Zhejiang Zheshang Securities Asset Management Co., Ltd., a 100% owned subsidiary of Zheshang Securities Co., Ltd.

On behalf of the Board Zhejiang Expressway Co., Ltd.ZHAN Xiaozhang Chairman

Hangzhou, the PRC, February 6, 2018

As at 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 and Mr. DAI Benmeng; and the independent non-executive directors of the Company are: Mr. ZHOU Jun, Mr. PEI Ker-Wei and Ms. LEE Wai Tsang, Rosa.

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