Shenzhen Expressway : Announcement - Issue of Super Short-term Commercial Paper

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 SUPER SHORT-TERM COMMERCIAL PAPER

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board of directors of Shenzhen Expressway Company Limited (the "Company") hereby announces that the Company issued the 2021 Phase I Super Short-term Commercial Paper in the interbank market of the PRC on 23~24 February 2021, the basic information of which is as follows:

Name	Shenzhen Expressway Company Limited 2021 Phase I Super Short-term Commercial Paper
Abbreviation	21 Shenzhen Expressway SCP001
Code	012100677.IB	Term	60 days
Value date	25 February 2021	Maturity date	26 April 2021
Amount to be issued	RMB1 billion	Actual amount issued	RMB1 billion
Interest rate	2.65%	Issue price	RMB100 per RMB100 face value
Book runner	Ping An Bank Co., Ltd
Lead underwriter	Ping An Bank Co., Ltd

By Order of the Board

Gong Tao Tao Joint Company Secretary

Shenzhen, PRC, 25 February 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. CHEN Zhi Sheng (Non-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).

This announcement is originally prepared in Chinese. In case of any inconsistency between the Chinese version and the English version, the Chinese version shall prevail.