Sichuan Expressway : (I) ELECTION OF A STAFF REPRESENTATIVE SUPERVISOR OF THE SEVENTH SESSION OF THE SUPERVISORY COMMITTEE; AND (II) RESIGNATION OF A STAFF REPRESENTATIVE SUPERVISOR OF THE SEVENTH SESSION OF THE SUPERVISORY COMMITTEE

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

1. ELECTION OF A STAFF REPRESENTATIVE SUPERVISOR OF THE SEVENTH SESSION OF THE SUPERVISORY COMMITTEE;

AND

1. RESIGNATION OF A STAFF REPRESENTATIVE SUPERVISOR OF THE SEVENTH SESSION OF THE SUPERVISORY

COMMITTEE

1. ELECTION OF A STAFF REPRESENTATIVE SUPERVISOR OF THE SEVENTH SESSION OF THE SUPERVISORY COMMITTEE
   Sichuan Expressway Company Limited* (the "Company"), together with its subsidiaries, (the "Group") held a staff representative meeting at 3:00 p.m., on 31 March 2021 (Wednesday), at which Ms. Lu Xiaoyan ("Ms. Lu") was elected as a staff representative supervisor of the seventh session of the supervisory committee (the "Supervisory Committee") upon consideration by staff representatives present at the meeting. The seventh session of the Supervisory Committee is made up of staff representative supervisors and other supervisors of the seventh session of the Supervisory Committee of the Company. The term of office of the staff representative supervisors will be the same as that of other supervisors of the seventh session of the Supervisory Committee, i.e. three years from 13 November 2019, subject to re-election and reappointment upon the expiry thereof.

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The biographical details of Ms. Lu are set out as follows:

Ms. Lu Xiaoyan, aged 48, graduated from the Road Engineering Department of Chongqing Jiaotong College (now known as Chongqing Jiaotong University), majoring in highway and urban road engineering, with a bachelor's degree in engineering. She worked in the Chengyu Expressway Management Office, the Longquan Mechanized Maintenance Office and the Investment Department of the Company. She has successively served as the deputy head of the Investment Department of the Company, the head of the Investment and Development Department of the Company, the head of the Investment and Development Department (Research Center) of the Company, a director of Sichuan Zhonglu Energy Company Limited and a supervisor of Chengdu Shuhai Investment Management Company Limited.

Save as disclosed above, Ms. Lu confirms that (i) she did not hold any position in the Group nor any other directorship in any other listed public companies in the last three years; (ii)she has no relationship with any directors, supervisors, senior management, substantial shareholders or controlling shareholders of the Company; and (iii)she has not held any interests in the Shares of the Company within the meaning of Part XV of the Securities and Future Ordinance (Cap.

571, Laws of Hong Kong).

Save as disclosed above, the Company considers that there is no information which is disclosable nor is/was Ms. Lu involved in any of the matters required to be disclosed pursuant to any of the requirements of the provisions under Rules 13.51(2) (h) and 13.51(2) (v) of Listing Rules, and there is no other matter that needs to be brought to the attention of the shareholders of the Company.

The proposed remuneration scheme of Ms. Lu, a staff representative supervisor of the seventh session of the Supervisory Committee is as follows: she shall receive remuneration from the Company not due to the positions as a supervisor but her other positions in the Company. The remuneration shall be calculated in accordance with the relevant policies and standards set by the Company. The aforementioned remuneration scheme shall be effective upon approval by shareholders of the Company at the annual general meeting.

1. RESIGNATION OF A STAFF REPRESENTATIVE SUPERVISOR OF THE SEVENTH SESSION OF THE SUPERVISORY COMMITTEE
   Due to other work arrangements, Mr. Hu Yaosheng ("Mr. Hu") will resign from the position as a staff representative supervisor of the Company with effect from 31 March 2021.
   Mr. Hu has confirmed to the Company that he has no disagreement with the Board and the Supervisory Committee and is not aware of any matters about the Company that need to be brought to the attention of the shareholders.

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The Company takes this opportunity to express its sincere gratitude for the contributions of Mr. Hu.

By order of the Board

Sichuan Expressway Company Limited*

Zhang Yongnian

Company Secretary

Chengdu, Sichuan, the PRC

31 March 2021

As at the date of this announcement, the Board comprises Mr. Gan Yongyi (Chairman), Mr. Li Wenhu (Vice Chairman), Madam Ma Yonghan, Mr. You Zhiming and Mr. He Zhuqing as executive Directors, Mr. Yang Guofeng (Vice Chairman) and Mr. Li Chengyong as non-executive Directors, Madam Liu Lina, Mr. Gao Jinkang, Mr. Yan Qixiang and Madam Bu Danlu as independent non-executive Directors.

• For identification purposes only

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