Chengdu Expressway Co., Ltd. announced resignation of Mr. Chen Yong to the supervisory committee of the Company due to work rearrangement on 17 October 2023 to resign as an employee representative supervisor of the Company, with effect from 17 October 2023. Mr. Chen has confirmed that he has no disagreement with the board of directors of the Company and the Supervisory Committee, and there are no matters relating to the Resignation that need to be brought to the attention of the shareholders and creditors of the Company. The Supervisory Committee would like to express sincere gratitude to Mr. Chen for his contributions to the Company during his tenure.

The company appointed Ms. Zheng Lifang as an employee representative supervisor of the second session of the Supervisory Committee, with effect from 17 October 2023 and for the same term of office as that of the second session of the Supervisory Committee (including the extended term of the second session of the Supervisory Committee due to postponed election of a new session of the Supervisory Committee) and is eligible for re-election upon expiry of her term. Ms. Zheng Lifang, whose former name was Zheng Qin, aged 32, has been the head of the finance management department of the Company since September 2023. Ms. Zheng successively served as the principal staff and senior principal staff of the finance management department of Chengdu Communications Investment Group Co., Ltd. from July 2018 to August 2023; and worked for Chongqing Real Estate Group Co., Ltd. from March 2017 to June 2018; and Huaneng (Shanghai) Power Maintenance Co., Ltd. from August 2014 to February 2017.

Ms. Zheng graduated from Shanghai University of Finance and Economics in June 2014 with a bachelor's degree in accountin (certified public accountants), and from Sichuan University in December 2021 with a master's degree in business administration. Ms. Zheng obtained the qualification of certified public accountants granted by The Chinese Institute of Certified Public Accountants in May 2017. Ms. Zheng will enter into a service contract with the Company on the date of the employee congress.

Ms. Zheng will receive remuneration based on her position within the Company as an employee, and will not receive remuneration in her capacity as an employee representative supervisor of the Company.