Zhejiang Expressway CSRC Approval of the Proposed Spin-Off

 
TIDMZHEH 
 
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) 
 
                             CSRC APPROVAL OF THE 
  PROPOSED SPIN-OFF AND SEPARATE LISTING OF THE SPINCO ON THE SHANGHAI STOCK 
                                   EXCHANGE 
 
The announcement is made by the Board of the Company pursuant to Rule 13.09(2) 
of the Listing Rules and the inside information provisions under Part XIVA of 
the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). 
 
Reference is made to the announcement of the Company dated 7 May 2013 (the " 
Announcement") in relation to the Proposed Spin-off of Zheshang Securities Co., 
Ltd., an indirectly owned subsidiary of the Company (the "SpinCo"), by way of 
separate A shares listing (the "A Share Listing") of the SpinCo on the Shanghai 
Stock Exchange. Terms defined in the Announcement shall have the same meanings 
herein, unless the context otherwise requires. 
 
The Board is pleased to announce that on 2 May 2017, the SpinCo obtained the 
CSRC's approval in respect of the A Share Listing. 
 
As at the date of this announcement, the final offering size, the issue price 
and other details of the A Share Listing have yet to be finalised. 
 
Further announcement will be made by the Company as and when appropriate in 
respect of the details and any material development in relation to the Proposed 
Spin-off. 
 
Shareholder s and public investors should note that there is no assurance as to 
whether or when the Proposed Spin-off will complete. As the Proposed Spin-off 
may or may not complete, the Shareholders and public investors are advised to 
exercise caution when dealing in the securities of the Company. 
 
                                                  On behalf of the Board 
                                                  Zhejiang Expressway Co., Ltd. 
                                                        ZHAN Xiaozhang 
                                                        Chairman 
 
Hangzhou, the PRC, 2 May 2017 
 
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, 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

May 02, 2017 09:45 ET (13:45 GMT)