A subsidiary of Zhejiang Communications Investment Group Co., Ltd..

Holding subsidiary Zhejiang Huhangyong Expressway Co., Ltd. Zhejiang Ningbo Yongtaiwen Expressway Co., Ltd. Zhejiang Taizhou Yongtaiwen Expressway Co., Ltd. Zhejiang Jinliwen Expressway Co., Ltd. Zhejiang Hanghui Expressway Co., Ltd. Zhejiang Hangxinjing Expressway Co., Ltd. Zhejiang Zhoushan Cross-sea Bridge Co., Ltd. Zhejiang Jintai Expressway Co., Ltd. Zhejiang Longlilong Expressway Co., Ltd. Zhejiang Huang Qu South Expressway Co., Ltd. Zhejiang Ocean Shipping Co., Ltd. Zhejiang Toumen Port. Investment Development Co., Ltd. Zhejiang Communications Investment Group Finance Co., Ltd. Zhejiang Wisdom Expressway Service Co., Ltd. Zhejiang Communications Investment Group Expressway Management Co., Ltd. A wholly-owned subsidiary (branch) company Zhejiang Communications Investment Group Co., Ltd. Hangjin District Company Zhejiang Communications Engineering Construction Group Co., Ltd. Zhejiang Shipping Group Co., Ltd. Zhejiang Su Shen Wan Zhe Expressway Co., Ltd. Zhejiang Zhexi Expressway Management Co., Ltd. Zhejiang Communications Investment Group Industrial Development Co., Ltd.

Zhejiang Wenzhou Yongtaiwen Expressway Co., Ltd. Hangzhou Hangqian Expressway Development Co., Ltd. Zhejiang Hangpu Expressway Co., Ltd. China Merchants Bank Co., Ltd