About ZHEJIANGEXPRESS Company

Zhejiang Shanghai-Hangzhou-Ningbo is a listed company mainly engaged in high-grade highway investment, development, operation and securities business. The Company was established on March 1, 1997 as an infrastructure company for the Zhejiang Provincial Government to invest, develop and operate highways and first-class motorways in Zhejiang Province. H shares, which account for about 33% of the Company's total issued share capital, were listed on the Hong Kong Stock Exchange on May 15, 1997; its holding subsidiary Zheshang Securities is mainly engaged in securities business. The subsidiary was listed on the Shanghai Stock Exchange in June 2017 (Shanghai Stock Exchange code: 601878). The main assets operated by the Group include the 248-kilometer Shanghai-Ningbo Expressway, the 141-kilometer Shangsan Expressway, the 70-kilometer Jinhua section of the Ningbo-Jin Expressway, the 122-kilometer Hangzhou-Hangzhou Expressway, the 46-kilometer Zhoushan Cross-Sea Bridge, the 222 km Longli Lilong Expressway, the 50-kilometer Chajiasu Expressway, and the 161-kilometer Huangqu South Expressway. Among them, with the exception of the Huihang Expressway, which is located in China's Anhui Province, the other eight expressways are all located within Zhejiang Province of China. As of 31 December 2023, the total assets of the Company and its subsidiaries were RMB 207.7 billion 338 million. Transportation Group, the controlling shareholder of the Company, is a provincial transportation state-owned holding company established by the Zhejiang Provincial Government. It was incorporated on December 29, 2001. It is mainly engaged in various industries such as highway investment, operation, maintenance, charging and supporting services, transportation engineering construction and construction, ocean and coastal transportation, and real estate. On July 11, 2016, the Zhejiang Provincial Committee and Zhejiang Provincial Government merged and reorganized Transportation Group and Zhejiang Railway Investment Group Co., Ltd. In July 2018, the Zhejiang Provincial Committee and Zhejiang Provincial Government merged and reorganized the Provincial Communications Group and Zhejiang Commercial Group Co., Ltd. After the merger and restructuring, the Transportation Group will coordinate the investment and financing, construction, operation and management of transportation infrastructure such as highways, railways, important cross-regional rail transit, and integrated transportation hubs in Zhejiang Province. On the basis of managing the Group's existing highway business, expand the scale of the main business, enhance core competitiveness, improve the securities and finance business, and increase its profit contribution to the Group. In the future, the company will actively seize opportunities to invest and acquire high-quality projects, and is determined to make the company an international investment holding enterprise whose main business is transportation infrastructure investment and operation.