The board of directors of Qilu Expressway Company Limited announced that, Mr. Wei Zhihai (Mr. Wei) resigned as an independent supervisor (the Independent Supervisor) of the supervisory committee (the Supervisory Committee) of the company due to health reasons, which shall take effect upon the appointment of a new Independent Supervisor. Mr. Wei shall continue to assume his duties and perform his obligations in accordance with the existing articles of association of the company and all relevant laws and regulations until the conclusion of the extraordinary general meeting (the EGM) to be convened to consider and approve, among others, the resolutions regarding the appointment of a new Independent Supervisor. The Supervisory Committee announced that Mr. Li Ruzhi (Mr. Li) has been nominated by the Supervisory Committee as the candidate for Independent Supervisor. The appointment of Mr. Li as Independent Supervisor shall be effective upon the shareholders' approval at the EGM. The tenure of Mr. Li shall commence from the date of the EGM to the expiration of the term of the current session of the Supervisory Committee.