Sichuan Expressway : RESIGNATION OF EXECUTIVE DIRECTOR, CHAIRMAN AND MEMBER OF THE NOMINATION COMMITTEE

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RESIGNATION OF EXECUTIVE DIRECTOR, CHAIRMAN AND

MEMBER OF THE NOMINATION COMMITTEE

RESIGNATION OF EXECUTIVE DIRECTOR, CHAIRMAN AND MEMBER OF THE NOMINATION COMMITTEE

The board (the "Board") of directors (the "Directors") of Sichuan Expressway Company Limited* (the "Company") announces that due to change in work arrangements, Mr. Zhou Liming ("Mr. Zhou") has resigned from the positions as an executive Director, the Chairman and a member of the Nomination Committee and the Strategic Committee of the Company with effect from 31 December 2019. Upon his resignation, Mr. Zhou would no longer hold any position in the Company.

Mr. Zhou has confirmed that he does not have any disagreement with the Board and that there are no other matters in respect of his resignation which need to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to express its appreciation to Mr. Zhou for his valuable contributions to the Company during his tenure of office.

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DEVIATION FROM TERMS OF REFERENCE OF THE NOMINATION COMMITTEE OF THE COMPANY

Mr. Zhou Liming's resignation as a member of the Nomination Committee caused the number of members of the Nomination Committee to deviate from the requirement that the Nomination Committee shall consist of at least three directors in the terms of reference of the Nomination Committee.

In view of the above, the Company will identify a suitable candidate for the position of member of the Nomination Committee as soon as possible. The Company will make further announcement(s) in due course.

By order of the Board

Sichuan Expressway Company Limited*

Zhang Yongnian

Company Secretary

Chengdu, Sichuan, the PRC

31 December 2019

As at the date of this announcement, the Board comprises Mr. Gan Yongyi (Vice Chairman), Mr. Luo Maoquan and Mr. He Zhuqing as executive Directors, Mr. Ni Shilin (Vice Chairman), Mr. You Zhiming, Mr. Li Wenhu 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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