Qilu Expressway : APPOINTMENT OF DEPUTY GENERAL MANAGER

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Qilu Expressway Company Limited

齊魯高速公路股份有限公司

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1576)

APPOINTMENT OF DEPUTY GENERAL MANAGER

The board (the "Board") of directors (the "Directors") of Qilu Expressway Company Limited (the "Company") is pleased to announce that Ms. Xu Yuehong (許月紅) ("Ms. Xu") has been appointed as a deputy general manager of the Company, with her tenure of office commencing from the date of resolution of her appointment by the Board (being the date of this announcement) until the expiration of the term of the current session of the Board. Biographical details of Ms. Xu are as follows:

Ms. Xu Yuehong, born in October 1968, holds a bachelor's degree in accounting from the China Central Broadcasting and Television University (中央廣播電視大學). Ms. Xu served as

a technician at the Jiangsu Province Yangzhou City Synthetic Chemical Plant (江蘇省揚州市合 成化工廠 ) from December 1987 to April 1994. From April 1994 to December 2003, she served

as the manager of the Finance Department of China Ocean Shipping Tally Company Yangzhou Branch Company (中國外輪理貨總公司揚州分公司). From December 2003 to December 2011,

she served as the manager of the Finance Department of Yangzhou Zhongli International Tally Co., Ltd. (揚州中理國際理貨有限公司), and concurrently served as the deputy general manager

of the company from December 2011 to March 2014. Ms. Xu served as the general manager of the Finance department of COSCO SHIPPING (Hong Kong) Industry & Trade Limited (中遠海運（香 港）工貿有限公司) from March 2014 to May 2018, and served as an assistant to general manager

of the industry and trade department of COSCO SHIPPING (Hong Kong) Co., Limited (中遠海運 （香港）有限公司) and COSCO SHIPPING International (Hong Kong) Co., Ltd. (中遠海運國際（香 港）有限公司) from May 2018 to March 2020. Ms. Xu joined the Company in April 2020.

The Board would like to welcome Ms. Xu on her new appointment.

By Order of the Board

Qilu Expressway Company Limited

Li Gang

Chairman

Shandong, the PRC

6 August 2020

As at the date of this announcement, the executive Directors are Mr. Li Gang, Mr. Peng Hui and Mr. Liu Qiang; the non-executive Directors are Mr. Chen Dalong, Mr. Wang Shaochen, Mr. Zhou Cenyu, Mr. Su Xiaodong, Ms. Kong Xia, Mr. Yuan Ruizheng and Mr. Tang Haolai; and the independent non-executive Directors are Mr. Cheng Xuezhan, Mr. Li Hua, Mr. Wang Lingfang, Mr. He Jiale and Mr. Han Ping.