The board of directors of Jiangsu Expressway Company Limited received on 24 August the resignation letter from Mr. Yao Yongjia, the Secretary to the Board. Mr. Yao Yongjia applied for resigning from the position as the Secretary to the Board of the Company due to job reassignment. The resignation of Mr. Yao Yongjia shall take effect upon the receipt of such resignation letter by the board of directors of the Company.

Mr. Yao shall remain as an executive director and the company secretary of the Company. The resignation of Mr. Yao Yongjia as the Secretary to the Board will not affect the related work and business operations of the Company. The Company will complete the work relating to the appointment of the Secretary to the Board as soon as possible in accordance with the relevant provisions of the Rules Governing the Listing of Stocks on the Shanghai Stock Exchange.

For the time being, Ms. Chen Jinjia, the deputy general manager of the Company, will perform the duties of the Secretary to the Board until the new Secretary to the Board is appointed by the Company. During his tenure of office as the Secretary to the Board of the Company, Mr. Yao Yongjia demonstrated dedication and diligence in serving the Company. He has played an important role in improving corporate governance, strengthening compliance operation and promoting capital operation, which has provided strong support for the promotion of the Company's high-quality development.

The Board of the Company expresses its sincere gratitude to Mr. Yao for his contribution.