Chengdu Expressway Co., Ltd. — Capital/Financing Update 2021

Oct 15, 2021

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.

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Chengdu Expressway Co., Ltd. 成都高速公路股份有限公司

(a joint stock company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 01785)

INSIDE INFORMATION PROPOSED INITIAL PUBLIC OFFERING OF A SHARES

This announcement is made pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).

The board of directors (the “ Board ”) of Chengdu Expressway Co., Ltd. (the “ Company ”) hereby announces that, in order to promote the high-quality development of the Company and optimise its capital structure, the Board resolved to commence relevant work regarding the proposed initial public offering of ordinary shares of the Company traded in Renminbi (the “ Proposed Offering of A Shares ”).

As at the date of this announcement, the Company has not formulated the offering plan for the Proposed Offering of A Shares, and has no applied to any relevant regulatory authorities of the People’s Republic of China for approval of the Proposed Offering of A Shares. Upon finalisation of the offering plan, the Company will submit the same to the Board for consideration as and when appropriate, and following the approval from the Board, the Company will convene a general meeting and/or class meeting(s) of shareholders as required by the articles of association of the Company and relevant regulatory requirements for the shareholders to consider and, if thought fit, approve the Proposed Offering of A Shares. The Company will also fulfil its information disclosure obligations pursuant to relevant requirements of the Listing Rules in due course.

Shareholders and potential investors of the Company should note that the Proposed Offering of A Shares may or may not proceed and it is subject to, among other things, approval and resolution of the Board and shareholders of the Company, the China Securities Regulatory Commission and other relevant regulatory authorities. Shareholders and potential investors of the Company are reminded to exercise caution while dealing in the shares of the Company.

On behalf of the Board Chengdu Expressway Co., Ltd. Xiao Jun Chairman

Chengdu, the PRC, 15 October 2021

As at the date of this announcement, the Board comprises Mr. Yang Tan, Ms. Wang Xiao, Mr. Zhang Dongmin and Mr. Luo Dan as executive directors, Mr. Xiao Jun and Mr. Yang Bin as non-executive directors, and Mr. Shu Wa Tung, Laurence, Mr. Ye Yong and Mr. Li Yuanfu as independent non-executive directors.