Anhui Expressway : RESIGNATION OF CHAIRMAN OF SUPERVISORY COMMITTEE AND NOMINATION OF CANDIDATE FOR NEW SUPERVISOR

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安徽皖通高速公路股份有限公司

ANHUI EXPRESSWAY COMPANY LIMITED

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

(Stock Code: 995)

RESIGNATION OF CHAIRMAN OF SUPERVISORY COMMITTEE AND NOMINATION OF CANDIDATE FOR NEW SUPERVISOR

RESIGNATION OF CHAIRMAN OF SUPERVISORY COMMITTEE

The supervisory committee of Anhui Expressway Company Limited (the "Company") recently received the resignation letter from Mr. Xu Zhen ("Mr. Xu"), chairman of the supervisory committee of the Company. Due to change of work arrangement, Mr. Xu had tendered his resignation as a supervisor and chairman of the supervisory committee of the Company. Mr. Xu has confirmed that he has no disagreement with the board of directors and the supervisory committee of the Company, and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.

Given that the number of the supervisors will fall below the minimum number under the legal requirement after Mr. Xu's resignation, pursuant to relevant provisions under the Company Law of the People's Republic of China and the Articles of Association of the Company, in order to ensure the normal operation of the supervisory committee of the Company, Mr. Xu will continue to perform his duty until a new supervisor is elected at a general meeting of the Company.

NOMINATION OF CANDIDATE FOR NEW SUPERVISOR

On 12 April 2021, the supervisory committee of the Company agreed the nomination of Mr. Cheng Xijie ("Mr. Cheng") as a candidate for new supervisor of the Company, and to submit the resolution to the 2020 annual general meeting of the Company for consideration. Mr. Cheng's term will commence on the date of election at the general meeting and end at the expiry of the term of the current session of the supervisory committee of the Company.

Mr. Cheng, born in 1964, graduated from the Party School of the Central Committee of Communist Party of China with an on-the-job college degree. He successively served as deputy secretary of Party organization and deputy director of the Public Security Bureau of

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Yuexi County, Anhui Province, the chief prosecutor of the Procuratorate of Yuexi County, Anhui Province, a member of the Standing Committee of the Party Committee and a secretary of the Discipline Inspection Committee of the Yuexi County, Anhui Province, a member (county magistrate level) of the Standing Committee of the Discipline Inspection Committee of Anqing City, Anhui Province, a deputy secretary of the Discipline Inspection Committee of Anqing City, Anhui Province and a deputy secretary of the Discipline Inspection Committee of Anhui Transportation Holding Group Co., Ltd..

As at the date of this announcement, to the best of the knowledge and belief of the board of directors of the Company, Mr. Cheng did not have interests in any shares or underlying shares in the Company and the associated corporation within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). Save as disclosed in this announcement, Mr. Cheng did not have any relationship with any directors, supervisors, senior management, substantial or controlling shareholders of the Company. Mr. Cheng has not been a director of any other public company the securities of which are listed on any securities market in Hong Kong or overseas within 3 years immediately preceding the date of this announcement. There is no information required to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). There are no other matters in relation to Mr. Cheng that need to be brought to the attention of the shareholders.

Subject to the approval by the shareholders at the annual general meeting, the Company will enter into a service contract with Mr. Cheng in respect of his appointment as a supervisor for a term commencing on the date of his election and ending at the expiry of the term of the current session of the supervisory committee of the Company.

In line with the remuneration proposals for the supervisory committee of the ninth session, the Company will not determine and pay extra supervisor's remuneration to a supervisor who is nominated by the shareholders and is working in an entity that is a shareholder of the Company.

A circular containing information on, among others, the nomination of Mr. Cheng as a candidate for new supervisor and notice of the annual general meeting will be despatched to the shareholders as soon as practicable.

By Order of the Board

Anhui Expressway Company Limited

Xie Xinyu

Company Secretary

Hefei, Anhui, the PRC

12 April 2021

As at the date of this announcement, the board of directors of the Company comprises Xiang Xiaolong (chairman), Yang Xiaoguang, Tang Jun and Xie Xinyu, being the executive directors; Yang Xudong and Du Jian, being the non-executive directors; and Liu Hao, Zhang Jianping and Fang Fang, being the independent non-executive directors.

This announcement is originally prepared in Chinese and the Chinese version shall prevail the English translation.

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