The board of directors of Jiangsu Expressway Company Limited received resignation letters from Mr. Chen Yanli, a director, on 24 March 2023. Mr. Chen Yanli tendered his resignation from the positions as a non-executive director and a member of the Remuneration and Appraisal Committee and Nomination Committee of the board of directors of the company due to reaching of statutory retirement age. After his resignation, Mr. Chen will cease to hold any position in the company.

Pursuant to the relevant provisions of the Company Law and the Articles of Association, the resignation of Mr. Chen Yanli shall take effect upon reporting of the resignation to the board of directors of the Company. The resignation of Mr. Chen 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.