The board of directors of Chengdu Expressway Co., Ltd. announced that, the Board received the written resignation from Mr. Tang Fawei ("Mr. Tang"), an executive Director and the general manager of the Company on 16 April 2020. Due to job change, Mr. Tang has tendered his resignation as executive Director, member and chairman of the Strategy and Development Committee of the Board and the general manager of the Company to the Board. The resignation takes effect immediately; and on the same day, the Board resolved to appoint Mr. Yang Tan ("Mr. Yang") as the general manager of the Company with immediate effect.

The Board also resolved to propose to appoint Mr. Yang as an executive Director of the first session of the Board, and appoint him as a member and the chairman of the Strategy and Development Committee of the Board after he is appointed as an executive Director. According to the articles of association of the Company (the "Articles of Association"), the appointment of Mr. Yang as an executive Director is subject to approval by the shareholders of the Company at the general meeting. The appointment of Mr. Yang as a member and the chairman of the Strategy and Development Committee of the Board shall only take effect after his appointment as an executive Director is approved by the Shareholders.

Prior to joining the Company, Mr. Yang served as a staff member of North Gate Station of Chengdu Motor Transport Company.