Zhejiang Expressway Supplemental Announcement Capital Increase

 
TIDMZHEH 
 
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) 
 
                           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. 
 
 
 
END 
 

(END) Dow Jones Newswires

October 17, 2016 09:35 ET (13:35 GMT)