The board of the directors of Huayu Expressway Group Limited announced the following changes in the member of the Board with effect from 1 April 2022. Mr. Mai Qing Quan (Mr. Mai) has tendered his resignation as the chief executive officer of the Company in order to devote more time to his family and other personal engagements. Mr. Mai has confirmed that he has no disagreement with the Board and there are no other matters with respect to his resignation that needs to be brought to the attention of the shareholders of the Company.

Mr. Fu Jie Pin (Mr. Fu), the executive Director, has been re-designated as the executive Director and the chief executive officer of the Company. Mr. Fu, aged 54, joined the Company as an executive Director in May 2009 and has been a member of the nomination committee and the remuneration committee of the Company. He is also a director of certain subsidiaries of the Group.

Mr. Fu is responsible for project investment analysis, commercial negotiation and coordination and investment capital operation.