Zhejiang Expressway Co., Ltd. announced that Mr. Zhan Xiaozhang resigns from his position as an executive director, the chairman of the Board, the chairman of Nomination Committee and Strategic Committee of Zhejiang Expressway Co., Ltd. due to other work commitment. Mr. Zhan will remain as director until Mr. Yu Zhihong's appointment as a non-executive director is approved at the extraordinary general meeting of the company. Mr. Wang Dongjie resigns from his position as a non-executive director and a member of the Audit Committee of the Company due to other work commitment. Mr. Yu Zhihong is the newly nominated candidate for election as a non-executive director of the Company. Mr. Yu Zhihong assumed the position of Chairman and Party Secretary of Zhejiang Communications Investment Group Co., Ltd. since 2016, and became Member of Provincial Party Committee since June 2017. Mr. Yu Ji is the newly nominated candidate for election as a non-executive director of the company. Since 2018, Mr. Yu Ji became General Manager of Strategic Development and Legal Affairs Department of Zhejiang Communications Investment Group Co., Ltd. Mr. Yu Qunli is the newly nominated candidate for election as a non-executive director of the Company. Mr. Yu Qunli served as General Manager of Expressway Operations Management Department at Zhejiang Communications Investment Group Co., Ltd., and as General Manager at Communications Operations Management Department since 2016. Mr. Zhou Jun resigns from his position as independent non-executive director, the chairman of Audit Committee, a member of Nomination Committee and Remuneration Committee of the Company due to other work commitment. Mr. Zhou will remain as director until Mr. Chen Bin's appointment as an independent non-executive director is approved at the EGM. Mr. Chen is the newly nominated candidate for election as an independent non-executive director of the Company. Mr. Chen became Chief Executive and Funding Partner of Zhejiang Cybernaut Investment Management Co., Ltd. since 2008. Mr. Chen also serves as Director at Sundy Land Investment Co., Ltd. and Shenzhen Fountain Corporation.