The board of directors of Zhejiang Expressway Co., Ltd. announce that Mr. Chen Ninghui proposed to resign as an executive Director of the Company and a member of the strategic committee of the Board due to retirement. Such resignation will take effect upon the appointment of a new executive Director being approved by shareholders at the extraordinary general meeting of the Company. The Board announces that Mr. Yuan Yingjie proposed to resign as of the General Manager of the Company due to work adjustment, and was redesignated from an executive Director to a non-executive Director of the Company, with effect from September 9, 2023.

Mr. Yuan will remain to serve as the Chairman, an authorized representative of the Company and a member of the strategic committee of the Board after his resignation as the General Manager of the Company. The Board hereby announces that Mr. Wu has been appointed as the General Manager of the Company, as approved at the meeting of the Board on September 7, 2023. The Board announces that Mr. Yu Zhihong has proposed to resign as a non-executive Director and an authorized representative of the Company due to work adjustment, with effect from September 7, 2023.