Shenzhen Expressway : Announcement - Issue of Corporate Bonds in the PRC

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.

深 圳 高 速 公 路 股 份 有 限 公 司

SHENZHEN EXPRESSWAY COMPANY LIMITED

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

(Stock Code: 00548)

ANNOUNCEMENT

ISSUE OF CORPORATE BONDS IN THE PRC

This announcement is made pursuant to the disclosure obligation under Rules 13.09(2) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and related requirements.

Reference is made to the announcement of Shenzhen Expressway Company Limited (the "Company") dated 3 June 2020 in relation to the approval (the "Approval") issued by the China Securities and Regulatory Committee on the public issue of green corporate bonds with nominal value not exceeding RMB2 billion by the Company. Pursuant to the Approval, the Company may issue the green corporate bonds by tranches, and the issuance of the first tranche shall be completed within 12 months from the date of the Approval, while issuance of the other tranches shall be completed within 24 months from the date of the Approval.

The board (the "Board") of directors (the "Directors") of the Company hereby announces that, pursuant to the Approval, the Board plans to issue phase 1 of the 2021 green corporate bonds of RMB1.2 billion (the "Phase 1 Green Corporate Bonds") to the public in the market of the PRC during the period from 16 April 2021 to 19 April 2021, and will make relevant arrangements for the issue of the Phase 1 Green Corporate Bonds in accordance with the relevant laws and regulations, the requirements of the approval and the authorisation granted by the shareholders of the Company at its general meeting. The issue announcement, prospectus and summary of prospectus of the Phase 1 Green Corporate Bonds will be published on the website of Shanghai Stock Exchange (http://www.sse.com.cn) pursuant to the relevant requirements.

By Order of the Board

Gong Tao Tao

Joint Company Secretary

Shenzhen, PRC, 13 April 2021

As at the date of this announcement, the Directors of the Company are Mr. HU Wei (Executive Director and Chairman of the Board), Mr. LIAO Xiang Wen (Executive Director and President), Mr. WANG Zeng Jin (Executive Director), Mr. WEN Liang (Executive Director), Mr. DAI Jing Ming (Non-executive Director), Ms. LI Xiao Yan (Non-executive Director), Ms. CHEN Hai Shan (Non-executive Director), Ms. CHEN Xiao Lu (Independent non-executive Director), Mr. BAI Hua (Independent non-executive Director) and Mr. LI Fei Long (Independent non-executive Director).

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