Chengdu Expressway : ANNOUNCEMENT-POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON FRIDAY, 7 AUGUST 2020

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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)

ANNOUNCEMENT

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON FRIDAY, 7 AUGUST 2020

References are made to the announcement dated 25 May 2020 and the circular dated 10 July 2020 (the "Circular") of Chengdu Expressway Co., Ltd. (the "Company"). Unless otherwise indicated, capitalised terms used herein shall have the same meanings as those defined in the Circular.

The board of directors (the "Board") of the Company is pleased to announce that, the extraordinary general meeting (the "EGM") has been held at the meeting room of Chengdu Expressway Co., Ltd., 9th Floor, Chengnan Tianfu Building, No. 66 Shenghe 1st Road, High-Tech Zone, Chengdu, Sichuan Province, the People's Republic of China (the "PRC") at 10:00 a.m. on Friday, 7 August 2020. The resolutions proposed at the EGM were duly passed by way of poll.

The poll results in respect of the resolutions tabled at the EGM were as follows:

	ORDINARY RESOLUTIONS	Number of Valid Votes (approximate %)
	For	Against	Abstain
1.	To consider and approve the Share Transfer	397,864,000	0	49,900,000
	Agreement entered into between the Company and	(88.855737%)	(0%)	(11.144263%)
	Chengdu Communications Investment Group Co.,
	Ltd. (成都交通投資集團有限公司) ("Chengdu
	Communications") on 25 May 2020 and the
	transactions contemplated thereunder, details of
	which are set in the EGM notice of the Company
	dated 10 July 2020.
	As more than half of the votes were cast in favour of this resolution, the resolution was duly
	passed as an ordinary resolution.

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	ORDINARY RESOLUTIONS	Number of Valid Votes (approximate %)
	For	Against	Abstain
2.	To consider and approve the Supplemental	397,864,000	0	49,900,000
	Agreement to the Non-competition Agreement	(88.855737%)	(0%)	(11.144263%)
	entered into between the Company and Chengdu
	Communications on 25 May 2020.
	As more than half of the votes were cast in favour of this resolution, the resolution was duly
	passed as an ordinary resolution.
	SPECIAL RESOLUTION	Number of Valid Votes (approximate %)
	For	Against	Abstain
3.	T o c o n s i d e r a n d a p p r o v e t h e p r o p o s e d	1,647,764,000	0	0
	amendments to the articles of association of the	(100%)	(0%)	(0%)
	Company, details of which are set out in the
	Circular.
	As more than two-thirds of the votes were cast in favour of this resolution, the resolution was duly
	passed as a special resolution.

As at the date of the EGM, the total number of issued shares of the Company was 1,656,102,000. Shareholders of the Company (the "Shareholders") and authorised proxies holding an aggregate of 1,647,764,000 shares, representing 99.496529% of the total issued share capital of the Company, were present at the EGM. Mr. Xiao Jun, Chairman of the Board, presided at the EGM.

According to the requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"), Chengdu Communications and Chengdu Expressway Construction and Development Co., Ltd. ( 成都高速公路建設開發有限公司), as required to abstain from voting due to their material interests in resolutions no. 1 and 2 proposed at the EGM, have abstained from voting thereon. As at the date of the EGM, Chengdu Communications and Chengdu Expressway Construction and Development Co., Ltd. held an aggregate of 1,200,000,000 shares of the Company. Accordingly, total number of shares entitling the holders to attend and vote on resolutions no. 1 and 2 proposed at the EGM was 456,102,000, and the total number of shares entitling the holders to attend and vote on resolution no. 3 proposed at the EGM was 1,656,102,000.

There were no shares entitling the Shareholders to attend and abstain from voting in favour of any resolution proposed at the EGM as set out in Rule 13.40 of the Listing Rules. Save as disclosed above, there were no restrictions on any Shareholder casting votes on the resolutions proposed at the EGM. No parties have stated their intention in the Circular to vote against or to abstain from voting in respect of the proposed resolutions.

In accordance with the requirements of the Listing Rules, the H share registrar of the Company, Computershare Hong Kong Investor Services Limited acted as scrutineer for the vote-taking of the polls at the EGM.

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Lawyers from Tahota Law Firm, the PRC legal advisor of the Company witnessed the EGM and issued a legal opinion certifying that the convening and procedures of the EGM conform to the requirements of relevant legal documents, including the Company Law and the articles of association of the Company; the qualifications of the convener and the attendees of the EGM are legal; and the voting process and the voting results of the EGM are lawful and valid.

On behalf of the Board

Chengdu Expressway Co., Ltd.

Xiao Jun

Chairman

Chengdu, the PRC, 7 August 2020

As at the date of this announcement, the Board of the Company comprises Mr. Yang Tan, Mr. Zhang Dongmin, Ms. Wang Xiao 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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