Jiangsu Expressway : ANNOUNCEMENT OF RESOLUTIONS OF THE TWENTY-THIRD MEETING OF THE NINTH SESSION OF THE SUPERVISORY COMMITTEE - ELECTION OF THE SUPERVISORY COMMITTEE

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江 蘇 寧 滬 高 速 公 路 股 份 有 限 公 司

JIANGSU EXPRESSWAY COMPANY LIMITED

(Established in the People's Republic of China as a joint-stock limited company)

(Stock Code: 00177)

ANNOUNCEMENT OF RESOLUTIONS OF

THE TWENTY-THIRD MEETING OF THE NINTH SESSION OF

THE SUPERVISORY COMMITTEE

ELECTION OF THE SUPERVISORY COMMITTEE

The supervisory committee of the Company and all of its supervisors warrant that there are no false representations or misleading statements contained in, or material omissions from, this announcement, and jointly and severally accept responsibility for the truthfulness, accuracy and completeness of this announcement.

1. CONVENING OF THE MEETING
2. 1. The twenty-third meeting (the "Meeting") of the ninth session of the supervisory committee of Jiangsu Expressway Company Limited (the "Company") was held by way of on-site meeting and voting through communication on 28 April 2021 at the Company's conference room at Block 2, 6 Xianlin Avenue, Nanjing. The Meeting was chaired by Ms. Yu Lanying, the chairman of the supervisory committee.
   1. Notice and materials of the Meeting were sent by mail and fax to all supervisors.

1. 5 supervisors shall be present at the Meeting. 5 supervisors were present and have voted at the Meeting. The secretary to the board of directors attended the Meeting.

(IV) The procedures of convening the Meeting were in compliance with the relevant provisions of the Company Law and the articles of association of the Company. The resolutions passed at the Meeting are valid.

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1. VOTING RESULTS OF THE RESOLUTIONS
   The following resolutions were considered and approved at the Meeting:
2. 1. To consider and approve 2021 First Quarterly Report and Results Announcement of the Company.
      All members of the supervisory committee unanimously considered that the preparation and review procedures of the 2021 First Quarterly Report and Results Announcement of the Company complied with the requirements of the laws, regulations, the articles of association of the Company and internal management system of the Company; the content and format of the report were also consistent with the requirements of the China Securities Regulatory Commission and the relevant stock exchanges; information contained in the report can truthfully, accurately and completely reflect the operating management and financial conditions of the Company; and there were no false representations or misleading statements contained in, or material omissions from this report.
      Voting results: Approving votes: 5; Dissenting votes: 0; Abstention
      votes: 0.
      This resolution was duly passed.
   2. To consider and approve the Resolution in Relation to Nomination of Candidates for Non-employee Representative Supervisor of the Tenth Session of the Supervisory Committee.
   3. 1. To propose the appointment of Mr. Yang Shiwei as a supervisor of the Company and to approve the signing of an appointment letter between the Company and Mr. Yang, with a term commencing from the date of the 2020 annual general meeting and expiring on the date of the 2023 annual general meeting; and to submit this proposal at the 2020 annual general meeting for consideration.
         Voting results: Approving votes: 5; Dissenting votes: 0; Abstention
         votes: 0.
         This resolution was duly passed.

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1. To propose the appointment of Mr. Ding Guozhen as a supervisor of the Company and to approve the signing of an appointment letter between the Company and Mr. Ding, with a term commencing from the date of the 2020 annual general meeting and expiring on the date of the 2023 annual general meeting; and to submit this proposal at the 2020 annual general meeting for consideration.
   Voting results: Approving votes: 5; Dissenting votes: 0; Abstention
   votes: 0.
   This resolution was duly passed.
2. To propose the appointment of Mr. Pan Ye as a supervisor of the Company and to approve the signing of an appointment letter between the Company and Mr. Pan, with a term commencing from the date of the 2020 annual general meeting and expiring on the date of the 2023 annual general meeting; and to submit this proposal at the 2020 annual general meeting for consideration.
   Voting results: Approving votes: 5; Dissenting votes: 0; Abstention
   votes: 0.
   This resolution was duly passed.

3. To consider and approve the Resolution in Relation to Related Party Transaction in Relation to Procurement of Pavement Maintenance Materials from a Related Party.

Voting results: Approving votes: 5; Dissenting votes: 0; Abstention

votes: 0.

This resolution was duly passed.

Appendix: Biography of Candidates for the Non-employee Representative Supervisor of the Tenth Session of the Supervisory Committee

By order of the Board

Yao Yongjia

Secretary of the Company

Nanjing, the PRC, 29 April 2021

As at the date of this announcement, the directors of the Company are:

Sun Xibin, Chen Yanli, Chen Yongbing, Cheng Xiaoguang, Yao Yongjia, Wu Xinhua, Ma Chung Lai, Lawrence, Zhang Zhuting *, Chen Liang *, Lin Hui *, Zhou Shudong *, Liu Xiaoxing*

• Independent Non-executive Directors

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Appendix:

Biography of Candidates for the Non-employee Representative Supervisor of the Tenth Session of the Supervisory Committee

Yang Shiwei: Born in July 1975, Mr. Yang is an university graduate with a master degree. Mr. Yang worked at Lianyungang City Transportation Bureau ( 連 雲 港 市 交 通 運 輸 局) from 1999 to 2017 and served in the following posts: the deputy director of the Traffic Readiness Office, director of the Comprehensive Planning Division, director of the Administrative Service Division, chief engineer and member of the Party Committee; from 2017 to 2018, Mr. Yang served as the deputy director of the Audit and Legal Department of Jiangsu Port Group Company Limited ( 江 蘇 省 港 口 集 團 有 限 公 司); from 2018 to 2020, he successively served as the deputy minister of Department of Corporate Management and Legal Affairs, deputy minister of Department of Tendering and Procurement Management, deputy minister of Department of Audit and Risk Control (person-in-charge), and deputy director of Department of Audit Center (person-in-charge) of Jiangsu Communications Holding Company Limited ( 江 蘇 交 通 控 股 有 限 公 司). Mr. Yang is currently the minister of Department of Audit and Risk Control and director of Audit Centre of Jiangsu Communications Holding Company Limited. Mr. Yang has long been engaged in transportation management and has extensive experience in corporate management, internal audit and risk control.

Ding Guozhen: Born in 1962, Mr. Ding is a senior economist with university education. From 1983 to 2004, Mr. Ding worked in Jiangsu Provincial Automobile Transportation Company and Jiangsu Yangtze Bridge Co., Ltd. From 2004 to 2017, he assumed various positions in Jiangsu Communications Holding Company Limited, including director, assistant to the head and deputy head of the Human Resources Department, dean of the Talent and Staff Education and Training Office and head of the Department of Affairs on Old Cadres. He currently serves as the head of the Corporate Management and Legal Affairs Department of Jiangsu Communications Holding Company Limited. Mr. Ding has long been engaged in corporate management and is a senior expert with extensive experience in corporate management.

Pan Ye: Born in March 1988, Mr. Pan holds a master's degree of business administration. He currently serves as the manager of the Department of Capital Operation of China Merchants Expressway Network & Technology Holdings Company Limited and a supervisor of Jiangsu Expressway Company Limited and Heilongjiang Transport Development Co., Ltd., respectively. He worked at China Life Insurance Beijing Branch, Beijing Tianyi Fangyuan Management Consulting Ltd. ( 北 京 天 弈 方 圓 管 理 顧 問 有 限 公 司) and Beijing Xinyuan Shengganggou Group ( 北 京 鑫 源 盛 鋼 構 集 團), and has extensive experience in corporate management and capital operation.

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