The supervisory committee of Zhejiang Expressway Co., Ltd. received, on May 17, 2023, a written resignation tendered by Mr. Zheng Ruchun ("Mr. Zheng"), the chairman of the Supervisory Committee. Mr. Zheng has proposed to resign as a supervisor representing shareholders and the chairman of the Supervisory Committee due to his retirement. Such resignation will become effective upon the appointment of a new supervisor representing shareholders is approved by the extraordinary general meeting of the Company (the "EGM") to be held at 10 a.m. on June 9, 2023.