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Zhejiang Expressway Co., Ltd.
(A joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock code: 0576)
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.
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.