At the Eighth meeting of the Tenth Session of the Board of Directors of Jiangsu Expressway Company Limited, the Financial Services Agreement entered into between the Company and Jiangsu Communications Holding Group Finance Co. Ltd. for a term of three years commencing from 1 April 2022 was considered and approved. The maximum daily deposit balance (including accrued interests) shall not exceed RMB 600 million and shall be less than 5% of audited income, total assets and market value of the Company.

The Group Finance Company has granted a comprehensive credit of at least RMB billion to the Company, and undertook that the loan interest rate offered would not be higher than the benchmark interest rate for loan for the same period set by the People's Bank of China, and under the same conditions, it would not be higher than the rate offered by major state-owned commercial banks or national joint-stock commercial banks and no pledge or guarantee is required from the Company. The maximum daily deposit balance with and the comprehensive credit granted by the Group Finance Company cover the Company as well as all entities under the consolidated financial statements.