Zhejiang Expressway Co., Ltd. announced at its EGM held on April 2, 2018, the shareholders approved the election of Mr. Yu Zhihong, Mr. Yu Ji and Mr. Yu Qunli as a non-executive Directors of the company and election of Mr. Chen Bin as an independent non-executive Director of the company. The term of office of the newly elected Directors commences on April 2, 2018, and will end on the date of expiry of the term of the seventh session of the Board, being June 30, 2018. Mr. Yu Zhihong assumed the position of Chairman and Party Secretary of Zhejiang Communications Investment Group Co., Ltd. since October 2016, and became Member of Provincial Party Committee since June 2017. Since 2018, Mr. Yu Ji became General Manager of Strategic Development and Legal Affairs Department of Zhejiang Communications Investment Group Co., Ltd. Since 2015, Mr. Yu Qunli served as General Manager of Expressway Operations Management Department at Zhejiang Communications Investment Group Co., Ltd., and as General Manager at Communications Operations Management Department since 2016. Mr. Chen became Chief Executive and Funding Partner of Zhejiang Cybernaut Investment Management Co., Ltd. since 2008. Mr. Chen also serves as Director at Sundy Land Investment Co., Ltd. and Shenzhen Fountain Corporation.