The board of directors of Jiangsu Expressway Company Limited received on 8 October 2021 a resignation letter from Mr. Sun Xibin, Chairman of the board of directors. Mr. Sun Xibin resigned from the positions as Chairman of the board of directors, the convener of the strategy committee of the board of directors and director of the Company due to job reassignment. After the resignation, Mr. Sun Xibin will cease to hold any position in the Company. Pursuant to the relevant provisions of the Company Law and the Articles of Association, the resignation tendered by Mr. Sun Xibin shall take effect upon reporting of the resignation to the board of directors of the Company. The Company will elect a new director pursuant to the legal procedures. At the fourth meeting of the tenth session of the board of directors of the Company held on 8 October 2021, Mr. Cheng Xiaoguang, an executive director, was elected as the Chairman of the board of directors of the Company and the convener of the strategy committee of the board of directors. At the fourth meeting of the tenth session of the board of directors of the Company held on 8 October 2021, the nomination of Mr. Wang Feng as an executive director of the tenth session of the board of directors of the Company and the signing of an executive director service contract between the Company and Mr. Wang, with a term commencing from the date of the general meeting and expiring on the date of the 2023 annual general meeting were also approved.