Qilu Expressway Company Limited provided earnings guidance for the quarter ended March 31, 2024. for the year, the company expects revenue of RMB 570,790,000, profit of RMB 122,434,000 and Profit and total comprehensive income of RMB 122,434,000. The Group's profit and total comprehensive income for the three months ended 31 March 2024 is expected to record a period-on-period decrease of approximately 26.12%, mainly due to the decrease of approximately 43.59% in the Group's toll income from the Jihe Expressway for the three months ended 31 March 2024 as compared to that for the three months ended 31 March 2023.

The decrease of the toll income from the Jihe Expressway was mainly attributable to the implementation of the half-width traffic of the main line of the Jihe Expressway as a result of its closure for site construction for its reconstruction and expansion project since 16 February 2023, together with the temporary closure of certain toll stations, leading to a significant decrease in the traffic volume of the Jihe Expressway, thus resulting in a relatively material impact on the toll income.