Chengdu Expressway Co., Ltd. — Interim / Quarterly Report 2021

May 31, 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 UNAUDITED FINANCIAL INFORMATION FOR THE THREE MONTHS ENDED 31 MARCH 2021

This announcement is made pursuant to 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.

To optimise the financial structure of Chengdu Expressway Co., Ltd. (the “ Company ”, together with its subsidiaries, the “ Group ”) for the purpose of reducing cost of funds, expanding financing channels and satisfying the requirements for operation and development, the Company proposes to apply for registration of ultra-short-term debentures and mid-term notes with the National Association of Financial Market Institutional Investors ( 中國銀行間市場交易商協會 ). Accordingly, pursuant to relevant requirements, the Company will publish the unaudited financial information of the Group for the three months ended 31 March 2021, which comprises the consolidated balance sheet, the consolidated income statement and the consolidated cash flow statement of the Group, as well as the unaudited financial information of the Company for the three months ended 31 March 2021, which comprises the balance sheet, the income statement and the cash flow statement of the Company, on the website(s) designated by the National Association of Financial Market Institutional Investors.

As such, the board of directors of the Company hereby announces the unaudited financial information of the Group and the Company for the three months ended 31 March 2021 prepared in accordance with the China Accounting Standards for Business Enterprises.

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CONSOLIDATED FINANCIAL INFORMATION OF THE GROUP FOR THE THREE MONTHS ENDED 31 MARCH 2021

CONSOLIDATED BALANCE SHEET OF THE GROUP AS OF 31 MARCH 2021

(Amounts expressed in RMB unless otherwise specified)

Item Current assets Cash at bank and on hand Accounts receivable Advanced payments Other receivables Inventories Non-current assets due within one year Other current assets Total current assets Non-current assets Long-term receivables Long-term equity investment Other non-current financial assets Fixed assets Construction in progress Right-of-use assets Intangible assets Goodwill Long-term deferred expenses Deferred income tax assets Other non-current assets Total non-current assets Total assets	As of 31 March 2021 1,712,347,569.04 107,896,068.85 29,580,605.93 17,224,212.54 33,131,923.18 430,000.00 4,761,496.17 1,905,371,875.71 1,720,000.00 306,694,506.29 13,950,700.00 346,345,381.54 30,546,676.80 37,835,894.23 6,254,167,311.59 34,025,910.16 476,707.22 26,686,711.84 33,351,355.56 7,085,801,155.23 8,991,173,030.94	As of 31 December 2020 1,759,686,049.55 68,616,554.16 23,295,171.37 12,531,256.60 54,557,700.47 430,000.00 4,032,012.91
		1,923,148,745.06
		1,720,000.00 300,275,502.11 500,000.00 369,876,163.82 26,760,078.96 48,219,929.82 6,268,020,216.30 34,025,910.16 341,279.81 32,562,380.96 61,957,065.31
		7,144,258,527.25
		9,067,407,272.31

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CONSOLIDATED BALANCE SHEET OF THE GROUP AS OF 31 MARCH 2021 (continued)

(Amounts expressed in RMB unless otherwise specified)

Item Current liabilities Accounts payable Contract liabilities Payroll payable Taxes and surcharges payable Other payables Non-current liabilities due within one year Total current liabilities Non-current liabilities Long-term borrowings Lease liabilities Deferred income tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities Owners’ equity Paid-up capital Capital reserve Special reserve Surplus reserve Undistributed profits Total equity attributable to owners of the parent company Non-controlling interests Total owners’ equity Total liabilities and owners’ equity	As of 31 March 2021 846,901,998.54 12,146,262.28 12,938,878.91 71,526,612.90 191,210,253.88 218,341,115.61 1,353,065,122.12 2,932,000,000.00 34,877,768.02 220,518,776.91 120,389,728.93 3,307,786,273.86 4,660,851,395.98 1,656,102,000.00 503,968,615.93 11,069,342.70 173,993,460.99 1,089,338,926.69 3,434,472,346.31 895,849,288.65 4,330,321,634.96 8,991,173,030.94	As of 31 December 2020 927,658,950.27 35,232,382.55 32,238,050.61 52,240,943.85 229,942,692.76 229,893,531.83
		1,507,206,551.87
		2,968,000,000.00 40,957,578.50 184,570,874.15 194,764,658.12
		3,388,293,110.77
		4,895,499,662.64
		1,656,102,000.00 503,968,615.93 12,176,670.58 173,993,460.99 933,904,012.93
		3,280,144,760.43 891,762,849.24
		4,171,907,609.67
		9,067,407,272.31

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CONSOLIDATED INCOME STATEMENT OF THE GROUP FOR THE THREE MONTHS ENDED 31 MARCH 2021

(Amounts expressed in RMB unless otherwise specified)

Item Operating income Less: Operating cost Taxes and surcharges Selling expenses Administrative expenses Finance costs Of which: Interest expenses Interest income Add: Other income Investment gains/(loss) Of which: In vestment gains/(loss) from associate companies and a joint venture Credit impairment loss Gains from asset disposal Operating profit/(loss) Add: Non-operating income Less: Non-operating expenditure Total profit/(loss) Less: Income tax expense Net profit/(loss) Of which: Ne t profit of the acquiree before consolidation in a business combination under common control

Three months ended 31 March 2021 2020 561,245,631.07 242,933,666.51 308,868,449.30 244,477,126.40 2,029,163.55 1,105,917.78 11,738,813.24 12,466,265.93 22,133,882.99 20,232,555.40 26,948,727.78 28,470,970.89 39,855,890.36 36,806,033.06 13,812,910.43 8,275,131.73 4,709.40 244,428.81 11,466,251.48 (1,009,337.94) 11,131,451.48 (1,009,337.94) – – 1,744,085.36 2,278.19 202,741,640.45 (64,581,800.83) 2,441,497.16 2,756,883.31 34,636.40 12,350.84 205,148,501.21 (61,837,268.36) 30,979,576.98 4,408,608.62 174,168,924.23 (66,245,876.98) – 16,084,447.71

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CONSOLIDATED INCOME STATEMENT OF THE GROUP FOR THE THREE MONTHS ENDED 31 MARCH 2021 (continued)

(Amounts expressed in RMB unless otherwise specified)

Item By business continuity Net profit/(loss) from continuing operations By ownership Net profit/(loss) attributable to owners of the parent company Profit or loss of non-controlling shareholders Total comprehensive income/(loss) Of which: Total comprehensive income/(loss) attributable to owners of the parent company Total comprehensive income attributable to non-controlling shareholders	Three months ended 31 March 2021 2020 174,168,924.23 (66,245,876.98) 155,434,913.76 (69,659,781.80) 18,734,010.47 3,413,904.82 174,168,924.23 (66,245,876.98) 155,434,913.76 (69,659,781.80) 18,734,010.47 3,413,904.82

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CONSOLIDATED CASH FLOW STATEMENT OF THE GROUP FOR THE THREE MONTHS ENDED 31 MARCH 2021

(Amounts expressed in RMB unless otherwise specified)

Item I. Cash flows from operating activities Cash received from sale of goods or rendering of services Refund of taxes and surcharges Other cash received relating to operating activities Subtotal of cash inflows from operating activities Cash paid for purchase of goods and receipt of services Cash paid to and for employees Taxes and surcharges paid Other cash paid relating to operating activities Subtotal of cash outflows from operating activities Net cash flows from operating activities II. Cash flows from investing activities Cash received from disposal of investments Cash received from investment gains Net cash received from disposal of fixed assets, intangible assets and other long-term assets Other cash received relating to investing activities Subtotal of cash inflows from investing activities Cash paid for the purchase and construction of fixed assets, intangible assets and other long-term assets Cash paid to acquire investments Net cash paid for acquisition of subsidiaries and other business entities Other cash paid relating to investing activities	Three months ended 31 March 2021 2020 479,946,381.75 251,108,663.80 7,978.65 – 154,128,905.36 109,616,116.29 634,083,265.76 360,724,780.09 161,758,192.21 132,249,419.58 85,852,873.93 60,295,420.19 46,122,175.41 39,005,537.85 216,470,529.59 100,395,316.10 510,203,771.14 331,945,693.72 123,879,494.62 28,779,086.37 129,016,892.73 388,452,758.09 418,051.58 – 90,474.00 759,645.00 1,486,185.98 – 131,011,604.29 389,212,403.09 89,761,211.22 56,768,808.19 13,450,700.00 – – – 87,831,884.06 245,366,214.60	Three months ended 31 March 2021 2020 479,946,381.75 251,108,663.80 7,978.65 – 154,128,905.36 109,616,116.29 634,083,265.76 360,724,780.09 161,758,192.21 132,249,419.58 85,852,873.93 60,295,420.19 46,122,175.41 39,005,537.85 216,470,529.59 100,395,316.10 510,203,771.14 331,945,693.72 123,879,494.62 28,779,086.37 129,016,892.73 388,452,758.09 418,051.58 – 90,474.00 759,645.00 1,486,185.98 – 131,011,604.29 389,212,403.09 89,761,211.22 56,768,808.19 13,450,700.00 – – – 87,831,884.06 245,366,214.60
		360,724,780.09
		132,249,419.58 60,295,420.19 39,005,537.85 100,395,316.10
		331,945,693.72
		28,779,086.37
		388,452,758.09 – 759,645.00 –
		389,212,403.09
		56,768,808.19 – – 245,366,214.60

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CONSOLIDATED CASH FLOW STATEMENT OF THE GROUP FOR THE THREE MONTHS ENDED 31 MARCH 2021 (continued)

(Amounts expressed in RMB unless otherwise specified)

Item Subtotal of cash outflows from investing activities Net cash flows (used in)/from investing activities III. Cash flows from financing activities Cash received from absorbing investment Of which: Ca sh received from non-controlling shareholders’ investments in subsidiaries Cash received from borrowings Subtotal of cash inflows from financing activities Cash paid for repayment of debts Cash paid for distribution of dividends, profits or repayment of interests Of which: Di vidends and profits paid to non-controlling shareholders by subsidiaries Other cash paid relating to financing activities Subtotal of cash outflows from financing activities Net cash flows used in financing activities IV. Net decrease in cash and cash equivalents Add: Ba lance of cash and cash equivalents at the beginning of the year V. Balance of cash and cash equivalents at the end of the year

Three months ended 31 March 2021 2020 191,043,795.28 302,135,022.79 (60,032,190.99) 87,077,380.30 – – – – – – – – 36,000,000.00 393,750,600.00 34,335,784.22 27,579,135.20 – – – – 70,335,784.22 421,329,735.20 (70,335,784.22) (421,329,735.20) (6,488,480.59) (305,473,268.53) 1,631,650,351.55 1,287,292,060.58 1,625,161,870.96 981,818,792.05

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FINANCIAL INFORMATION OF THE COMPANY FOR THE THREE MONTHS ENDED 31 MARCH 2021

BALANCE SHEET OF THE COMPANY AS OF 31 MARCH 2021

(Amounts expressed in RMB unless otherwise specified)

Item Current assets Cash at bank and on hand Accounts receivable Advanced payments Other receivables Other current assets Total current assets Non-current assets Long-term equity investment Other non-current financial assets Fixed assets Construction in progress Right-of-use assets Intangible assets Deferred income tax assets Other non-current assets Total non-current assets Total assets	As of 31 March 2021 1,299,947,437.12 25,472,789.17 1,467,752.58 109,741,287.01 796,956.21 1,437,426,222.09 2,859,628,631.08 13,450,700.00 31,899,589.71 487,670.00 16,724,754.15 526,746,277.33 2,604,154.76 15,269,400.00 3,466,811,177.03 4,904,237,399.12	As of 31 December 2020 1,377,223,774.83 11,326,298.88 382,249.99 99,656,504.21 150,876.08
		1,488,739,703.99
		2,852,869,679.74 – 34,358,653.77 486,852.00 17,560,228.86 533,217,257.86 2,505,377.92 15,270,900.00
		3,456,268,950.15
		4,945,008,654.14

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BALANCE SHEET OF THE COMPANY AS OF 31 MARCH 2021 (continued)

(Amounts expressed in RMB unless otherwise specified)

Item Current liabilities Accounts payable Advanced receipts Payroll payable Taxes and surcharges payable Other payables Non-current liabilities due within one year Total current liabilities Non-current liabilities Long-term borrowings Lease liabilities Other non-current liabilities Total non-current liabilities Total liabilities Owners’ equity Share capital Capital reserve Surplus reserve Undistributed profits Total owners’ equity Total liabilities and owners’ equity	As of 31 March 2021 30,837,969.24 – 3,143,899.00 8,364,393.13 1,018,171,039.01 110,099,825.63 1,170,617,126.01 409,000,000.00 14,047,756.07 17,361,031.56 440,408,787.63 1,611,025,913.64 1,656,102,000.00 670,065,375.34 173,993,460.99 793,050,649.15 3,293,211,485.48 4,904,237,399.12	As of 31 December 2020 65,633,399.43 – 8,126,528.96 6,936,217.68 1,029,375,221.77 111,795,791.50
		1,221,867,159.34
		445,000,000.00 13,915,503.75 14,949,061.22
		473,864,564.97
		1,695,731,724.31
		1,656,102,000.00 670,065,375.34 173,993,460.99 749,116,093.50
		3,249,276,929.83
		4,945,008,654.14

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INCOME STATEMENT OF THE COMPANY FOR THE THREE MONTHS ENDED 31 MARCH 2021

(Amounts expressed in RMB unless otherwise specified)

Item Operating income Less: Operating cost Taxes and surcharges Administrative expenses Finance cost Of which: Interest expenses Interest income Add: Other income Investment gains/(loss) Gains from asset disposal Operating profit/(loss) Add: Non-operating income Less: Non-operating expenditure Total profit/(loss) Less: Income tax expense Net profit/(loss) Of which: Net profit/(loss) from continuing operations Total comprehensive income/(loss)

Three months ended 31 March 2021 2020 81,192,741.38 19,608,433.25 29,299,657.83 22,876,997.87 275,077.04 96,418.09 7,980,458.87 5,547,602.86 (316,814.14) (4,109,025.16) 9,547,366.61 2,540,012.16 9,832,549.45 6,343,723.49 – 124,596.91 5,921,451.48 (2,699,337.94) – – 49,875,813.26 (7,378,301.44) 676,480.45 680,162.67 25,752.31 – 50,526,541.40 (6,698,138.77) 6,591,985.75 2,625,240.78 43,934,555.65 (9,323,379.55) 43,934,555.65 (9,323,379.55) 43,934,555.65 (9,323,379.55)

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CASH FLOW STATEMENT OF THE COMPANY FOR THE THREE MONTHS ENDED 31 MARCH 2021

(Amounts expressed in RMB unless otherwise specified)

Item I. Cash flows from operating activities Cash received from sale of goods or rendering of services Refund of taxes and surcharges Other cash received relating to operating activities Subtotal of cash inflows from operating activities Cash paid for purchase of goods and receipt of services Cash paid to and for employees Taxes and surcharges paid Other cash paid relating to operating activities Subtotal of cash outflows from operating activities Net cash flows used in operating activities II. Cash flows from investing activities Cash received from disposal of investments Cash received from investment gains Net cash received from disposal of fixed assets, intangible assets and other long-term assets Other cash received relating to investing activities Subtotal of cash inflows from investing activities Cash paid for the purchase and construction of fixed assets, intangible assets and other long-term assets Cash paid to acquire investments Net cash paid for acquisition of subsidiaries and other business entities Other cash paid relating to investing activities Subtotal of cash outflows from investing activities Net cash flows from/(used in) investing activities

Three months ended 31 March 2021 2020 71,785,945.74 26,441,424.34 – – 267,204,174.36 95,801,708.84 338,990,120.10 122,243,133.18 8,416,994.32 7,146,849.25 19,483,686.17 15,622,799.25 8,318,609.97 10,587,033.30 311,823,119.56 93,295,347.44 348,042,410.02 126,652,029.24 (9,052,289.92) (4,408,896.06) 223,305,098.00 387,557,345.90 650.00 – – – 1,486,185.98 – 224,791,933.98 387,557,345.90 29,665,490.29 1,819,798.68 13,450,700.00 – – – 87,831,884.06 639,116,814.60 130,948,074.35 640,936,613.28 93,843,859.63 (253,379,267.38)

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CASH FLOW STATEMENT OF THE COMPANY FOR THE THREE MONTHS ENDED 31 MARCH 2021 (continued)

(Amounts expressed in RMB unless otherwise specified)

Item III. Cash flows from financing activities Cash received from absorbing investment Of which: Ca sh received from non-controlling shareholders’ investment in subsidiaries Cash received from borrowings Subtotal of cash inflows from financing activities Cash paid for repayment of debts Cash paid for distribution of dividends, profits or repayment of interests Other cash paid relating to financing activities Subtotal of cash outflows from financing activities Net cash flows used in financing activities IV. Net increase/(decrease) in cash and cash equivalents Add: Ba lance of cash and cash equivalents at the beginning of the year V. Balance of cash and cash equivalents at the end of the year

Three months ended 31 March 2021 2020 – – – – – – – – 36,000,000.00 – 5,217,907.50 2,396,712.50 – – 41,217,907.50 2,396,712.50 (41,217,907.50) (2,396,712.50) 43,573,662.21 (260,184,875.94) 1,169,188,076.83 389,593,992.03 1,212,761,739.04 129,409,116.09

Shareholders and potential investors of the Company are hereby reminded that the above-mentioned financial information has not been reviewed or audited by the auditors of the Company. Differences may arise between such financial information and the figures disclosed in the reviewed report or audited report due to review and audit adjustments. Shareholders and potential investors of the Company are advised to exercise caution and should not rely solely upon such information when dealing in the securities of the Company.

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

Chengdu, the PRC, 31 May 2021

As at the date of this announcement, the board of directors of the Company 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.

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