Shenzhen Expressway Corporation Limited announced that on 22 December 2023, Mr. Bai Hua ("Mr. Bai"), an independent non-executive Director (the "Independent Director") tendered his written resignation letter to the Company. Due to personal career reason, Mr. Bai intends to resign as an Independent Director, as well as his positions as chairman of the audit committee, a member of the remuneration committee and a member of the nomination committee of the Board. Since the resignation of Mr. Bai will result in the number of Independent Directors of the Company no longer comply with the requirements under the articles of association of the Company, the resignation of Mr. Bai will take effect after a new Independent Director has been elected at the general meeting of the Company.

During the period, Mr. Bai will continue to perform his duties as the Independent Director and his relevant duties in committees of the Board in accordance with relevant laws, regulations and the articles of association of the Company until the election of a new Independent Director at the general meeting of the Company.