Qilu Expressway : POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 26 MARCH 2021

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Qilu Expressway Company Limited ᄁኁ৷஺ʮ༩ٰ΅Ϟࠢʮ̡

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1576)

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 26 MARCH 2021

References are made to the notice of extraordinary general meeting and the circular (the "Circular") of Qilu Expressway Company Limited (the "Company") dated 8 February 2021. Unless otherwise indicated, the capitalised terms used in this announcement shall have the same meaning as those defined in the Circular.

POLL RESULTS OF THE EGM

The EGM was held at 10:00 a.m. on Friday, 26 March 2021 at Conference Room (Autumn), 2/ F, Enjoy Hotel, No. 44 Gongye South Road, High-tech Zone, Jinan City, the PRC. All resolutions proposed at the EGM were taken by poll.

As at the date of the EGM, the total number of Shares entitling the Shareholders to attend and vote in respect of the resolutions proposed at the EGM was 2,000,000,000 Shares. No Shareholders had stated their intention in the Circular to vote against or abstain from voting on the proposed resolutions at the EGM. There were no Shares entitling the holder to attend but required to abstain from voting in favour as set out in Rule 13.40 of the Listing Rules. No Shareholder was required to abstain from voting on the resolutions proposed at the EGM. There was no restriction on any Shareholder to cast vote on the resolutions proposed at the EGM.

A total of 5 Shareholders and authorized proxies holding an aggregate of 1,834,672,000 Shares, which include 900,000,000 Domestic Shares and 934,672,000 H Shares and represent 91.733600% of the total number of the issued Shares held by independent Shareholders, were present at the EGM.

The holding of the EGM was in compliance with the requirements of the Company Law and the articles of association of the Company. The EGM was chaired by Mr. Li Gang, the chairman of the Board.

The Company's H Share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, was appointed as the scrutineer for the purpose of vote-taking at the EGM. Two representatives of the Shareholders, a representative of the Supervisors and a lawyer of DeHeng Law Offices (Jinan) (the Company's PRC legal adviser) participated in the counting of the poll results. The poll results in respect of the resolutions proposed at the EGM are as follows:

SPECIAL RESOLUTION	FOR	AGAINST	ABSTAIN
1.	To approve the proposed amendments to the Articles of Association, and to authorise any one executive Director to implement and take all such steps and to do all such acts and things as he thinks necessary or desirable in relation to the proposed amendments to the Articles of Association for and on behalf of the Company to give effect and/or complete the proposed amendments to the Articles of Association, including but not limited to approving any changes and amendments thereto in relation to the proposed amendments to the Articles of Association, and making application, approval, registration, filing and other relevant matters	1,834,672,000 100%	0 0%	0 0%
ORDINARY RESOLUTION	FOR	AGAINST	ABSTAIN
2.	To elect Mr. Du Zhongming as a non-executive Director, and to authorize the Board of the Company to enter into a service contract with him subject to such terms and conditions as it shall think fit and to do all such things to give effect thereto	1,834,672,000 100%	0 0%	0 0%

As more than half of the total number of Shares held by the Shareholders who attended and voted on the relevant resolution at the EGM were cast in favour of the above ordinary resolution, and more than two-thirds of the total number of Shares held by the Shareholders who attended and voted on the relevant resolution at the EGM were cast in favour of the above special resolution, all the above resolutions were duly passed.

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The Board announces that Mr. Du Zhongming has been appointed as a non-executive Director of the second session of the Board, and shall take effect from the conclusion of the EGM and shall last until the expiration of the term of the second session of the Board. Please refer to the Circular for the biographical details and the terms of appointment of the non-executive Director. As at the date of this announcement, there has been no change in such information.

By Order of the Board

Qilu Expressway Company Limited

Li Gang

Chairman

Shandong, the PRC

26 March 2021

As at the date of this announcement, the executive Directors are Mr. Li Gang, Mr. Peng Hui and Mr. Liu Qiang; the non-executive Directors are Mr. Chen Dalong, Mr. Wang Shaochen, Mr. Zhou Cenyu, Mr. Su Xiaodong, Ms. Kong Xia, Mr. Tang Haolai and Mr. Du Zhongming; and the independent non-executive Directors are Mr. Cheng Xuezhan, Mr. Li Hua, Mr. Wang Lingfang, Mr. He Jiale and Mr. Han Ping.