Zhejiang Expressway Co., Ltd. announced the appointment of Mr. YU Mingyuan as an independent non-executive Director of the Company. Mr. YU Mingyuan, born in 1962, graduated from Tongji University in 1984. Mr. Yu
served as the director and secondary researcher of the Highway Transportation Development Research Centre under the Research Institute of Highway Ministry of Transport, an independent Director of Jiangsu Expressway Company Limited and was an expert entitled to special allowance from the State Council. Mr. Yu has long been engaged in transportation policy and strategy research, with outstanding achievements in the fields of toll roads policy and system innovation, deepening taxi industry reform, road management system and investment and financing, green transport and shared travel, as well as relevant regulations of road transport, etc. Mr. Yu has led more than 40 national, provincial and ministerial scientific research projects, ministerial-level major special research as well as formulation and revision of policies and regulations for many times, and has been frequently invited to provide analysis of national and industry policies related to transport in CCTV and other mainstream media. Mr. Yu is currently an expert of the national science and technology progress award expert database, a high-level talent of China Association for Science and Technology, an expert of the Ministry of Transport expert database, and an expert of the Ministry of Finance PPP expert database, and is currently also an independent director of Guangdong Provincial Expressway Development Co., Ltd. and Hubei Chutian Smart Communication Co., Ltd. Mr. CHEN Bin will no longer serve as an independent non-executive Director of the Company after June 30, 2024. During his terms of service, Mr. Chen has performed his duties wholeheartedly to the benefit of the Company's continuous and healthy development. The Board would like to take this opportunity to thank him for his valuable contribution to the Company. Mr. FANG Yong, born in 1982, is a senior economist. He graduated from Zhejiang University with a Bachelor's Degree in Economics. Mr. Fang started his career in August 2002 and worked in Huzhou Mizuda Dyeing Finishing and Printing Co., Ltd.
under Zhejiang Mizuda Group, Hangzhou Guoguang Pharmaceutical Co., Ltd., Chinese Peptide Co., Ltd., Zhejiang Communications Investment Group Industrial Development Co., Ltd. and Zhejiang Highway Petroleum Development Co., Ltd. Mr. Fang joined the Company in May 2021 and served as Deputy Manager of the Company's Organization Department and Human Resources Department, and is currently the Head of the Company's Party Committee Affairs Department (News Center) and the Director of the Dajiangdong training base for industrial workers. Mr. LU Xinghai will no longer serve as a supervisor representing the employees of the Company after June 30, 2024. During his terms of service, Mr. Lu has performed his duties wholeheartedly to the benefit of the Company's continuous and healthy development. The supervisory committee of the Company and the Board would like to take this opportunity to thank him for his valuable contribution to the Company.