The board of directors of Shandong High-Speed Holdings Group Limited announced that Mr. Zhu Jianbiao the vice chairman of the Board and an executive Director, has been appointed as the chief executive officer of the Company with effect from 28 June 2023. Mr. Zhu Jianbiao, aged 49, was appointed as a non-executive Director, the vice chairman of the Board, a member and the chairman of the Strategic Development Committee and a member of the Executive Committee on 28 July 2021. On 6 May 2022, Mr. Zhu was re-designated as an executive Director.

Mr. Zhu graduated from Jiangxi University of Finance and Economics with a bachelor's degree in economics, and holds a master's and doctorate degrees in finance from Jinan University. Mr. Zhu has over 20 years of extensive experience in private equity investment, secondary market investment and financial management. He served various positions, such as the chief operating officer of CITIC Private Equity Funds Management Co.

Ltd. and the executive deputy general manager of Changsheng Fund Management Co. Ltd. Mr. Zhu was previously a lecturer of the Faculty of Investment and Finance of Guangdong University of Finance and Economics. Mr. Zhu has been an independent non-executive director of Beijing Energy International Holding Co.

Ltd. since June 2021. Mr. Zhu has been an executive director of Shandong Hi-Speed New Energy Group Limited since May 2022. He has been an independent non-executive director of IPE Group Limited since November 2022.