The board of directors of Jiangsu Expressway Company Limited received the resignation letter from Mr. Yao Yongjia, an executive director, on 24 May 2024. Mr. Yao Yongjia applied for resigning from the positions as a director, a member of the strategy committee of the board of directors, the company secretary of the Company due to his attainment of statutory retirement age. Pursuant to the relevant provisions of the Company Law and the Articles of
Association, the resignation of Mr. Yao Yongjia shall take effect upon the receipt of such resignation letter by the board of directors of the Company. The resignation of Mr. Yao will not result in the number of the board of directors of the Company falling below the quorum, will not affect the normal operation of the board of directors and the Company, and will not have impact on the daily management, business operations and the ability of debt repayment of the Company. Upon the resignation of Mr. Yao Yongjia, the Company will have no company secretary and will not be able to comply with Rule 3.28 of the Listing Rules. The Company will re-elect a director and company secretary as soon as practicable in accordance with the statutory procedures. Mr. Yao Yongjia will cease to act as the authorized representative of the Company with The Stock Exchange of Hong Kong Limited and the board of directors of the Company has appointed Mr. Wang Feng, an executive director of the Company, as the authorized representative of the Company in lieu of Mr. Yao.