The board (the "Board") of directors (the "Directors") of Qilu Expressway Company Limited (the "Company") hereby announces that Ms. Xu Yuehong ("Ms. Xu") resigned as the deputy general manager of the Company as she has reached the statutory age for retirement, with effect from 5 January 2024. Ms. Xu has confirmed with the Company that she has no disagreement with the Board, and there are not any other matters regarding her resignation from the above position that need to be brought to the attention of the shareholders of the Company.