09:58     SHENZHENEXPRESS<00548>-Announcement&Resumption of Trading-14        

                                                                              
    The H shares of the Company were suspended from trading on the Stock      
    Exchange from 9:30 a.m. on 4 February 2005 at the request of the          
    Company pending the release of this announcement. The Company has         
    made an application to the Stock Exchange to resume trading of its H      
    shares on the Stock Exchange from 9:30 a.m. on 16 February 2005.          
                                                                              
    DEFINITIONS                                                               
    `Acquisition'                  The Spring Sun Acquisition,                
                                   the Mei Wah Acquisition and                
                                   the Great Eagle Acquisition                
    `Agreements'                   The Framework Agreement, the               
                                   Spring Sun Acquisition                     
                                   Agreement, the Mei Wah                     
                                   Acquisition Agreement and the              
                                   Great Eagle Acquisition                    
                                   Agreement                                  
    `associate(s)'                 has the meaning ascribed                   
                                   thereto under the Listing                  
                                   Rules                                      
    `Circular'                     the Circular to the                        
                                   Shareholders to be dispatched              
                                   by the Company pursuant to                 
                                   the Listing Rules containing               
                                   information relating to the                
                                   Acquisition                                
    `Company'                      Shenzhen Expressway Company                
                                   Limited, a joint stock                     
                                   limited company incorporated               
                                   in the PRC with limited                    
                                   liability and the H shares of              
                                   which are listed on the Stock              
                                   Exchange and the A Shares of               
                                   which are listed on the                    
                                   Shanghai Stock Exchange                    
    `Directors'                    the directors of the Company               
    `Framework Agreement'          The agreement entered into by              
                                   (1) Mr. Chung; (2) Spring                  
                                   Sun; (3) Great Eagle; (4)                  
                                   Maxprofit; (5) Zhuhai New                  
                                   Chang Jiang; (6) Mei Wah; and              
                                   (7) the Company on 3 February              
                                   2005 for the Acquisition and               
                                   pursuant to which the                      
                                   Agreements are signed                      
    `Great Eagle'                  Guangdong Yingjun Investment               
                                   Holding Co Ltd , a company                 
                                   incorporated in the PRC with               
                                   limited liability and is an                
                                   Independent Third Party                    
    `Great Eagle Acquisition'      The acquisition of the 14.18%              
                                   equity and the debt interest               
                                   of Great Eagle in Qinglian                 
                                   Company (as acquired from Sun              
                                   Yue Traffic) by the Company                
                                   from Great Eagle                           
    `Great Eagle Acquisition       The agreement entered into by              
    Agreement'                     Great Eagle, the Company, Mr.              
                                   Chung, Maxprofit, Spring Sun               
                                   and Zhuhai New Chang Jiang on              
                                   3 February 2005 relating to                
                                   the Great Eagle Acquisition                
    `the Group'                    The Company and its                        
                                   subsidiaries                               
    `Guangzhou Cement'             Guangzhou Cement Joint Stock               
                                   Limited Company , a company                
                                   incorporated in the PRC with               
                                   limited liability                          
    `Guarantors'                   All the guarantors under the               
                                   Agreements                                 
    `HK$'                          Hong Kong dollars, the lawful              
                                   currency of Hong Kong                      
    `Hong Kong'                    Hong Kong Special                          
                                   Administrative Region of the               
                                   PRC                                        
    `ICBC Bank Loan'               a bank loan in the sum of                  
                                   RMB1,010,000,000 extended by               
                                   Wuyang ICBC to Zhuhai New                  
                                   Chang Jiang and secured by,                
                                   inter alia, a charge in                    
                                   favour of Wuyang ICBC over                 
                                   Spring Sun's 42.1% equity and              
                                   debt interest in Qinglian                  
                                   Company. The ICBC Bank Loan                
                                   is for a term of 180 months                
                                   from 27 May 2003;                          
    `Independent Third Party or    person(s) who, to the best of              
    Parties'                       the Directors' knowledge,                  
                                   information and belief,                    
                                   having made all reasonable                 
                                   enquires, is/are third party               
                                   independent of and is/are not              
                                   connected person(s) of the                 
                                   Company and its subsidiaries,