Sichuan Expressway Company Limited announces that Mr. Yan Qixiang ("Mr. Yan") had tendered his resignation from his positions as an independent non-executive Director of the Company, a member of the audit committee under the Board and a member of the nomination committee under the Board due to personal work changes, with effect from 1 February 2024. At the EGM, Mr. Zhou Hua ("Mr. Zhou") has been elected as an independent non-executive Director of the eighth session of the Board of the Company, with a term of office from the date of the EGM (i.e. 1 February 2024) until the expiration of the term of office of the eighth session of the Board of the Company. Pursuant
to the Rules Governing the Listing of Stocks on Shanghai Stock Exchange and/or the Articles of Association, Mr. Zhou shall be eligible for re-election upon the expiration of his term of office, but the term of office shall not exceed six years consecutively. The biographical details of Mr. Zhou Hua and other information related to his election are set out in the Circular. As at the date of this announcement, there is no change in the biographical details of Mr. Zhou Hua and other information relating to his appointment. The announced that at the twelfth meeting of the eighth session of the Board of the Company held immediately after the EGM, the Board has passed, among others, a resolution on the appointment of Mr. Zhou Hua as a member of the audit committee and a member of the nomination committee under the Board of the Company, with a term of office from 1 February 2024 until the expiration of the term of office of the eighth session of the Board. The details of the composition of the audit committee and nomination committee under the Board after adjustment are as follows: Audit Committee: Madam Bu Danlu (chairlady), Mr. Zhang Qinghua and Mr. Zhou Hua. Nomination Committee: Mr. Yu Haizong (chairman) and Mr. Zhou Hua. No change has been made to the composition of the strategy committee and the remuneration and appraisal committee under the Board of the Company.