The seventh session of the board of directors of Zhejiang Expressway Co., Ltd. will be held on April 3, 2018 to elect Mr. Yu Zhihong ("Mr. Yu") as the chairman of the Company and chairman of the Nomination Committee and Strategic Committee. Mr. Yu Ji will be elected as a member of the Audit Committee, Mr. Yu Qunli will be elected as a member of the Audit Committee and Remuneration Committee, and Mr. Chen Bin will be elected as a member of the Audit Committee, Nomination Committee and Remuneration Committee. Following the resignation of Mr. Zhou Jun, Mr. Pei Ker-Wei will be re-designated from a member of the Audit Committee to chairman of the Audit Committee with effect on even date. Following the resignation of Mr. Zhan Xiaozhang ("Mr. Zhan") as an executive director, Mr. Zhan will cease to act as an authorized representative of the Company with effect from April 2, 2018. Mr. Yu has been appointed to be the Company's authorized representative pursuant to Rule 3.05 of the Listing Rules with effect on even date.