Shandong Expressway Co., Ltd. Notice of the 2026 First Extraordinary Shareholders' Meeting

Securities Code: 600350 Securities Abbreviation: Shandong Expressway Announcement Number: 2026-010

Shandong Expressway Co., Ltd.

Notice of the First Extraordinary Shareholders’ Meeting of 2026

The Board of Directors of the Company and all directors guarantee that the content of this announcement does not contain any false records, misleading statements, or major omissions, and shall bear legal responsibility for the truthfulness, accuracy, and completeness of its contents.

Important Content Reminder:

● Date of Shareholders’ Meeting: April 2, 2026

● The online voting system used for this shareholders’ meeting: Shanghai Stock Exchange Shareholders’ Meeting Online Voting System

I. Basic Information on the Meeting

(1) Type and session of the shareholders’ meeting

First Extraordinary Shareholders’ Meeting of 2026

(2) Convener of the shareholders’ meeting: Board of Directors

(3) Voting method: The voting method for this shareholders’ meeting is a combination of on-site voting and online voting.

(4) Date, time, and location of the on-site meeting

Date and time of the meeting: April 2, 2026, 11:00 AM

Location: Conference Room, 22nd Floor, 5006 Aoti Middle Road, Jinan City, Shandong Province

(5) Online voting system, start and end dates, and voting times.

Online voting system: Shanghai Stock Exchange Shareholders’ Meeting Online Voting System

Online voting start and end time: From April 2, 2026

To April 2, 2026

Voting time through the trading system voting platform of the Shanghai Stock Exchange on the day of the shareholders’ meeting is the trading time period of that day, which is 9:15-9:25, 9:30-11:30, 13:00-15:00; the voting time through the internet voting platform on the day of the shareholders’ meeting is 9:15-15:00.

(6) Voting procedures for accounts involving margin trading, securities lending, and Stock Connect investors

For accounts related to margin trading, securities lending, and Stock Connect investors, voting should be conducted in accordance with the relevant provisions of the “Shanghai Stock Exchange Listed Companies Self-Regulatory Guidelines No. 1 - Standardized Operations” and other related regulations.

(7) Involving public solicitation of shareholders’ voting rights

None

II. Matters for Discussion at the Meeting

Proposals for discussion and types of voting shareholders

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1. Time and media of disclosure for each proposal

Proposals 2 and 3 have been approved at the 82nd meeting of the sixth Board of Directors, while proposals 1, 4, and 5 have been approved at the 83rd meeting of the sixth Board of Directors. For details, please refer to the relevant announcements disclosed by the Company on January 31, 2026, and March 18, 2026, in “China Securities Journal,” “Shanghai Securities Journal,” “Securities Times,” “Securities Daily,” and on the Shanghai Stock Exchange website (www.sse.com.cn), as well as the materials for this shareholders’ meeting subsequently disclosed on the Shanghai Stock Exchange website.

2. Special resolution proposal: 1

3. Proposals for separate counting of votes for small and medium-sized investors: 4, 5

4. Proposals involving related shareholders abstaining from voting: None

Names of related shareholders that should abstain from voting: None

5. Proposals involving preferred shareholders participating in voting: None

III. Voting Precautions for the Shareholders’ Meeting

(1) Shareholders of the Company can exercise their voting rights through the Shanghai Stock Exchange Shareholders’ Meeting Online Voting System. They can either log in to the trading system voting platform (via the trading terminal of the designated securities company) or log in to the internet voting platform (website: vote.sseinfo.com) to vote. For investors voting for the first time on the internet voting platform, they need to complete shareholder identity authentication. For specific operations, please refer to the instructions on the internet voting platform website.

(2) If the number of votes cast by a shareholder exceeds the number of votes they own, or if they vote for more candidates than should be elected in a differential election, the votes cast for that proposal will be considered invalid.

(3) If the same voting right is repeatedly voted through on-site, the Exchange’s online voting platform, or other means, the first voting result shall prevail.

(4) Shareholders holding multiple shareholder accounts may exercise voting rights based on the total number of shares held in all their shareholder accounts for the same category of common shares and the same type of preferred shares.

Shareholders holding multiple shareholder accounts participating in the shareholders’ meeting online voting through the Exchange’s online voting system can participate through any of their shareholder accounts. After voting, it is considered that the same opinion has been voted for all common shares of the same category and preferred shares of the same type under all their shareholder accounts.

Shareholders holding multiple shareholder accounts who vote repeatedly through multiple shareholder accounts will have their voting opinions on the same category of common shares and same type of preferred shares based on the first voting result for each category and type of stock.

(5) Shareholders must complete voting on all proposals before submitting.

(6) The cumulative voting system will be used to elect directors and independent directors. For details, see Appendix 2.

IV. Attendees of the Meeting

(1) Shareholders registered in the China Securities Depository and Clearing Co., Ltd. Shanghai Branch as of the close of trading on the afternoon of the registration day have the right to attend the shareholders’ meeting (specific circumstances are detailed in the table below) and may appoint a proxy in writing to attend the meeting and participate in the voting. The proxy does not need to be a shareholder of the Company.

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(2) Directors and senior management of the Company.

(3) Lawyers engaged by the Company.

(4) Other personnel.

V. Meeting Registration Method

1. Public shareholders attending the meeting must present their ID card and shareholding certificate (if a proxy is attending, they should present their own ID card, proxy authorization letter, and shareholding certificate) for registration; corporate shareholders must present a copy of the business license, corporate shareholder account card, authorization letter from the legal representative, and the ID card of the attending personnel for registration; shareholders from other locations can register by mail or fax. (Authorization letter can be found in the appendix)

2. Shareholders who meet the conditions for attending the meeting should register from 9:30 AM to 11:30 AM and from 1:30 PM to 4:00 PM on April 1, 2025, at the Company’s Board Secretary Office.

VI. Other Matters

Address: 5006 Aoti Middle Road, Jinan City, Shandong Province

Postal Code: 250101

Contact Person: Mr. Sui Rongchang

Phone: 0531-89260052

Fax: 0531-89260050

This shareholders’ meeting will last half a day, and attending shareholders are responsible for their own accommodation and transportation costs. Meeting materials will be posted on the Shanghai Stock Exchange website (

This announcement is hereby made.

Board of Directors of Shandong Expressway Co., Ltd.

March 18, 2026

Appendix 1: Proxy Authorization Letter

Appendix 2: Explanation of Voting Method for Election of Directors and Independent Directors Using Cumulative Voting System

Appendix 1: Proxy Authorization Letter

Proxy Authorization Letter

Shandong Expressway Co., Ltd.:

I hereby authorize Mr./Ms. to represent our unit (or myself) in attending the First Extraordinary Shareholders’ Meeting of your Company on April 2, 2026, and to exercise voting rights on my behalf.

Number of ordinary shares held by the principal:

Principal’s shareholder account number:

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Signature of the principal (seal): Signature of the proxy:

Principal’s ID number: Proxy’s ID number:

Date of authorization: Year Month Day

Remarks:

The principal should select one of “Agree,” “Oppose,” or “Abstain” in the authorization letter and mark “√.” If the principal does not provide specific instructions in this proxy authorization letter, the proxy has the right to vote at their discretion.

Appendix 2: Explanation of Voting Method for Election of Directors and Independent Directors Using Cumulative Voting System

1. The election of director candidates and independent director candidates at the shareholders’ meeting will be numbered separately as proposal groups. Investors should vote for each candidate under each proposal group.

2. The number of shares held represents the number of voting rights. For each proposal group, each share held by a shareholder corresponds to a total number of votes equal to the number of directors to be elected in that proposal group. For example, if a shareholder holds 100 shares of the listed company and there are 10 directors to be elected in this shareholders’ meeting with 12 candidates, that shareholder will have 1,000 votes for the board election proposal group.

3. Shareholders should limit their votes to the number of voting rights for each proposal group. Shareholders can vote according to their wishes, concentrating their voting rights on a specific candidate or distributing them among different candidates in any combination. After voting ends, the votes for each proposal will be cumulatively calculated.

4. Example:

A listed company holds a shareholders’ meeting to elect directors using the cumulative voting system. Five directors are to be elected, with six candidates; two independent directors are to be elected, with three candidates. The voting matters are as follows:

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An investor holds 100 shares of the company at the close of trading on the registration date, and under the cumulative voting system, they have 500 votes for proposal 4.00 “Proposal on the Election of Directors” and 200 votes for proposal 5.00 “Proposal on the Election of Independent Directors.”

The investor can vote for proposal 4.00 within the limit of 500 votes according to their own wishes. They can either concentrate the 500 votes on a specific candidate or distribute them among any candidates in any combination.

As shown in the table:

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Securities Code: 600350 Securities Abbreviation: Shandong Expressway Announcement Number: 2026-011

Shandong Expressway Co., Ltd.

Announcement on the Election of Employee Representative Directors

The Board of Directors of the Company and all directors guarantee that the content of the announcement does not contain any false records, misleading statements, or major omissions, and shall bear legal responsibility for the truthfulness, accuracy, and completeness of its contents.

In view of the expiration of the term of the sixth Board of Directors of Shandong Expressway Co., Ltd. (hereinafter referred to as “the Company”), and according to the provisions of the “Company Law,” “Articles of Association,” and other relevant regulations, the Company’s labor union committee recently held a staff representative assembly, which elected Huang Xiaoyun as the employee representative director of the seventh Board of Directors of the Company (resume attached).

Huang Xiaoyun will join the other thirteen non-employee representative directors elected at the Company’s First Extraordinary Shareholders’ Meeting of 2026 to form the seventh Board of Directors of the Company, with a term starting from the date when the non-employee directors of the seventh Board of Directors are elected at the First Extraordinary Shareholders’ Meeting of 2026 until the expiration of the term of the seventh Board of Directors.

After the completion of the election of employee representative directors, the total number of directors concurrently serving as senior management and employee representative directors in the seventh Board of Directors of the Company does not exceed half of the total number of directors, in compliance with relevant laws, regulations, normative documents, and the “Articles of Association.”

This announcement is hereby made.

Board of Directors of Shandong Expressway Co., Ltd.

March 18, 2026

Resume of Employee Representative Director

Huang Xiaoyun, female, born in 1973, a member of the Communist Party of China, holds a graduate degree from the Provincial Party School, a professor-level senior political engineer.

Previously served as Deputy Director of the Political Department (Supervision Office) of Shandong Expressway Co., Ltd., Secretary of the Youth League Committee, Vice Chairman of the Labor Union of Shandong Expressway Co., Ltd., Committee Member of the Discipline Inspection Commission, and Director of the Party Work Department. Currently serves as the Chairman of the Labor Union of Shandong Expressway Co., Ltd.

As of the date of this announcement, holds 78,000 shares of the Company, has no related relationship with other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares, and does not fall under any circumstances that disqualify them from being nominated as a director as specified in the “Self-Regulatory Guidelines No. 1 for Listed Companies of the Shanghai Stock Exchange.” Has not been punished by the China Securities Regulatory Commission and other relevant departments, nor subjected to sanctions from the stock exchange.

Securities Code: 600350 Securities Abbreviation: Shandong Expressway Announcement Number: 2026-009

Shandong Expressway Co., Ltd.

Announcement on the Revision of the “Articles of Association”

The Board of Directors of the Company and all directors guarantee that the content of the announcement does not contain any false records, misleading statements, or major omissions, and shall bear legal responsibility for the truthfulness, accuracy, and completeness of its contents.

Shandong Expressway Co., Ltd. (hereinafter referred to as “the Company”) held the 83rd meeting of the sixth Board of Directors on March 17, 2026, and approved the “Proposal on the Revision of the Articles of Association.” In accordance with the “Company Law of the People’s Republic of China,” “Guidelines for the Articles of Association of Listed Companies,” “Management Measures for Independent Directors of Listed Companies,” and “Rules for the Listing of Stocks on the Shanghai Stock Exchange,” as well as relevant laws and regulations and normative documents, and in light of the Company’s actual situation, it is proposed to revise the “Articles of Association.” The specific revision content is as follows:

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The revised “Articles of Association” will take effect after being approved by the shareholders’ meeting, and the Board of Directors of the Company will request the shareholders’ meeting to authorize the management or their authorized representatives to handle the filing of the articles and other related matters, with the final content subject to the approval of the industrial and commercial registration authority. The full text of the revised articles can be found on the Shanghai Stock Exchange website (www.sse.com.cn) published on the same day.

This announcement is hereby made.

Board of Directors of Shandong Expressway Co., Ltd.

March 18, 2026

Securities Code: 600350 Securities Abbreviation: Shandong Expressway Announcement Number: 2026-008

Shandong Expressway Co., Ltd.

Resolution Announcement of the 83rd Meeting of the Sixth Board of Directors

The Board of Directors of the Company and all directors guarantee that the content of the announcement does not contain any false records, misleading statements, or major omissions, and shall bear legal responsibility for the truthfulness, accuracy, and completeness of its contents.

The 83rd meeting of the sixth Board of Directors of Shandong Expressway Co., Ltd. (hereinafter referred to as “the Company”) was held on March 17, 2026, in the conference room on the 22nd floor of the Company, combining on-site meetings with communication voting. The meeting notice was sent on March 12, 2026, via personal delivery and email.

A total of 11 directors were supposed to attend the meeting, and 11 directors were present. The meeting was chaired by Chairman Fu Baixian, and senior management and relevant department heads of the Company attended the meeting. The meeting was held in accordance with the provisions of the “Company Law” and the “Articles of Association.”

The meeting reviewed and passed the following resolutions:

1. The meeting approved the “Proposal on the Revision of the Articles of Association” with 11 votes in favor, 0 votes against, and 0 abstentions, and decided to submit the proposal to the shareholders’ meeting for approval.

For specific content, please refer to the “Articles of Association of Shandong Expressway Co., Ltd.” and the “Announcement on the Revision of the Articles of Association” disclosed by the Company on the same day, announcement number: 2026-009.

2. The meeting approved the “Proposal for Nominating Candidates for Non-independent Directors of the Seventh Board of Directors” with 11 votes in favor, 0 votes against, and 0 abstentions, and decided to submit the proposal to the shareholders’ meeting for approval.

Following the recommendations of eligible shareholders, and the review by the Board of Directors’ Nomination Committee, the meeting agreed to nominate Fu Baixian, Nie Yibin, Wang Hao, Yu Yong, Lu Yu, Yang Jianguo, Liang Zanhai, and Sui Rongchang as candidates for non-independent directors of the seventh Board of Directors, with a term of three years from the date of approval by the shareholders’ meeting. Candidate resumes are detailed in the appendix.

This proposal is subject to the premise that the “Proposal on the Revision of the Articles of Association” is approved by the shareholders’ meeting, and the sixth Board of Directors will continue to perform its duties until the election of the new Board of Directors.

3. The meeting approved the “Proposal for Nominating Candidates for Independent Directors of the Seventh Board of Directors” with 11 votes in favor, 0 votes against, and 0 abstentions, and decided to submit the proposal to the shareholders’ meeting for approval.

The Board of Directors agreed to nominate Jiang Yonghai, Tang Guiyao, Pan Lin, Zhang Hongchao, and Hu Nanwei as candidates for independent directors of the seventh Board of Directors, with a term of three years from the date of approval by the shareholders’ meeting. Candidate resumes are detailed in the appendix.

This proposal is subject to the premise that the “Proposal on the Revision of the Articles of Association” is approved by the shareholders’ meeting, and the sixth Board of Directors will continue to perform its duties until the election of the new Board of Directors.

4. The meeting approved the “Proposal to Convene the First Extraordinary Shareholders’ Meeting of 2026” with 11 votes in favor, 0 votes against, and 0 abstentions.

For specific content, please refer to the “Notice of the First Extraordinary Shareholders’ Meeting of 2026” disclosed by the Company on the same day, announcement number: 2026-010.

This announcement is hereby made.

Board of Directors of Shandong Expressway Co., Ltd.

March 18, 2026

Resumes of Non-independent Director Candidates for the Seventh Board

1. Fu Baixian

Male, born in 1970, a member of the Communist Party of China, holds a university degree, and is a research engineer.

Previously served as Secretary of the Party Committee and Chairman (legal representative) of Shandong Expressway Rail Transit Group Co., Ltd., Secretary of the Party Committee and Chairman (legal representative) of Shandong Expressway Sichuan Industrial Development Co., Ltd., Committee Member of the Party Committee and Deputy General Manager of Shandong Expressway Bridge and Tunnel Group Co., Ltd. Currently serves as Chairman of the Sixth Board of Directors of Shandong Expressway Co., Ltd. and Secretary of the Party Committee, and concurrently serves as Committee Member of the Party Committee and Chief Expert of Shandong Expressway Group Co., Ltd.

As of the date of this announcement, does not hold any shares of the Company, serves as Committee Member of the Party Committee and Chief Expert at the controlling shareholder Shandong Expressway Group, and has no related relationship with other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares. Does not fall under any circumstances that disqualify them from being nominated as a director as specified in the “Self-Regulatory Guidelines No. 1 for Listed Companies of the Shanghai Stock Exchange.” Has not been punished by the China Securities Regulatory Commission and other relevant departments, nor subjected to sanctions from the stock exchange.

2. Nie Yibin

Male, born in 1982, a member of the Communist Party of China, senior engineer, holds a master’s degree in engineering.

Previously served as Assistant General Manager of China Merchants Highway Network Technology Holdings Co., Ltd., Director and General Manager of Chongqing Hu Yu Highway Co., Ltd., Director and General Manager of Chongqing Yu Qian Highway Co., Ltd., Deputy General Manager and General Manager of the Investment and Development Department of China Merchants Highway, Manager of the Comprehensive Transportation Department/Overseas Business Department of China Merchants Group Co., Ltd., and Assistant General Manager of the Investment Development Department of China Merchants Huajian Highway Investment Co., Ltd. Currently serves as Deputy General Manager and Secretary of the Board of China Merchants Highway; concurrently serves as Chairman of China Merchants Highway Investment Management (Tianjin) Co., Ltd., Chairman of the China Merchants Ping An Infrastructure Phase I Equity Investment Fund (Tianjin) Co., Ltd., Chairman of Henan Yuexiu Pinglin Highway Co., Ltd., and Director of China Merchants Hainan Development Investment Co., Ltd.

As of the date of this announcement, does not hold any shares of the Company, serves as Deputy General Manager and Secretary of the Board at the controlling shareholder China Merchants Highway, and has no related relationship with other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares. Does not fall under any circumstances that disqualify them from being nominated as a director as specified in the “Self-Regulatory Guidelines No. 1 for Listed Companies of the Shanghai Stock Exchange.” Has not been punished by the China Securities Regulatory Commission and other relevant departments, nor subjected to sanctions from the stock exchange.

3. Wang Hao

Male, born in 1971, a member of the Communist Party of China, holds a master’s degree in engineering, and is a research engineer.

Previously served as Deputy Director and Committee Member of the Construction Office for the Service Area Upgrade Project of Shandong Expressway Group, Committee Member and Deputy General Manager of Shandong Expressway Construction Management Group Co., Ltd., Committee Member and Deputy General Manager of Shandong Expressway Service Area Upgrade Engineering Co., Ltd., and Committee Member and Deputy General Manager of Shandong Expressway Co., Ltd. Currently serves as Vice Chairman of the Sixth Board of Directors of Shandong Expressway Co., Ltd., Deputy Secretary of the Party Committee, and General Manager.

As of the date of this announcement, does not hold any shares of the Company, and has no related relationship with other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares. Does not fall under any circumstances that disqualify them from being nominated as a director as specified in the “Self-Regulatory Guidelines No. 1 for Listed Companies of the Shanghai Stock Exchange.” Has not been punished by the China Securities Regulatory Commission and other relevant departments, nor subjected to sanctions from the stock exchange.

4. Yu Yong

Male, born in 1977, a member of the Communist Party of China, holds a university degree and is a senior engineer.

Previously served as Deputy Director of the Wuxuan Expressway Management Office in Anhui Province, Deputy General Manager of Anhui Wuxuan Highway Management Co., Ltd., Deputy Director of the Operations Management Department and Director of the Information Center of Anhui Provincial Transportation Investment Group Co., Ltd., Director and Minister of the Comprehensive Department of Anhui Transportation Control Operations Management Co., Ltd. (Highway Operations Division), Party Branch Secretary and Director of the Hefei-Wuxi Road Management Office of Anhui Transportation Control Group Co., Ltd., and Minister of the Party Organization Department (Human Resources Department) and Full-time Deputy Secretary of the Party Committee at Anhui Transportation Control Group Co., Ltd. Currently serves as Deputy Secretary of the Party Committee, Vice Chairman, and General Manager of Anhui Wantong Expressway Co., Ltd.

As of the date of this announcement, does not hold any shares of the Company, and has no related relationship with other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares. Does not fall under any circumstances that disqualify them from being nominated as a director as specified in the “Self-Regulatory Guidelines No. 1 for Listed Companies of the Shanghai Stock Exchange.” Has not been punished by the China Securities Regulatory Commission and other relevant departments, nor subjected to sanctions from the stock exchange.

5. Lu Yu

Male, born in 1976, a member of the Communist Party of China, holds a master’s degree in engineering and is a research engineer.

Previously served as Committee Member and Deputy General Manager of the Construction Management Branch of Shandong Expressway Group Co., Ltd., Committee Member and Deputy General Manager of Shandong Expressway Infrastructure Construction Co., Ltd., and Committee Member and Discipline Inspection Commission Secretary of the Shandong Provincial Transportation Planning and Design Institute Group Co., Ltd. Currently serves as Director and Deputy Secretary of the Party Committee of the Sixth Board of Directors of Shandong Expressway Co., Ltd.

As of the date of this announcement, does not hold any shares of the Company, and has no related relationship with other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares. Does not fall under any circumstances that disqualify them from being nominated as a director as specified in the “Self-Regulatory Guidelines No. 1 for Listed Companies of the Shanghai Stock Exchange.” Has not been punished by the China Securities Regulatory Commission and other relevant departments, nor subjected to sanctions from the stock exchange.

6. Yang Jianguo

Male, born in 1967, a member of the Communist Party of China, holds a bachelor’s degree in engineering and is a senior engineer.

Previously served as Chief Digital Officer (CDO), General Manager of Capital Operations Department, General Manager of Strategic Development Department (Innovation Business Department) of China Merchants Highway, and Dean of the Innovation Research Institute; also served as Deputy Secretary of the Party Committee and Chief Technology Officer (CTO) of China Merchants New Intelligence Technology Co., Ltd., and Director of the Information Institute of the Planning Research Institute of the Ministry of Transport. Currently serves as a full-time external director at China Merchants Highway and concurrently serves as a director of the Sixth Board of Directors of Shandong Expressway Co., Ltd.

As of the date of this announcement, does not hold any shares of the Company, and has no related relationship with other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares. Does not fall under any circumstances that disqualify them from being nominated as a director as specified in the “Self-Regulatory Guidelines No. 1 for Listed Companies of the Shanghai Stock Exchange.” Has not been punished by the China Securities Regulatory Commission and other relevant departments, nor subjected to sanctions from the stock exchange.

7. Liang Zanhai

Male, born in 1967, a member of the Communist Party of China, holds a graduate degree in accounting, is a senior accountant, and a registered accountant, and is a high-end accounting talent in Shandong Province.

Previously served as Deputy Minister and Minister of the Planning and Finance Department of Shandong Expressway Group Co., Ltd., Secretary of the Party Committee of the Financial Shared Center, and during that time also served as a director of Shandong Expressway Basketball Club Co., Ltd., Chairman of the Supervisory Committee of Shandong Railway Development Fund Co., Ltd., Committee Member and Chief Accountant of Lunan High-speed Railway Co., Ltd., Director of Shandong Expressway Group (Hong Kong) Co., Ltd., Non-executive Director of Shandong Expressway Financial Group Co., Ltd., Director of Shandong Expressway Development Co., Ltd., Director of Shandong Future Group Co., Ltd., and Director of Shandong Tonghui Capital Investment Group Co., Ltd., and a director of the sixth Board of Directors of Shandong Expressway Co., Ltd.

As of the date of this announcement, does not hold any shares of the Company, serves as Minister of the Planning and Finance Department and Secretary of the Party Committee of the Financial Shared Center at the controlling shareholder Shandong Expressway Group, and has no related relationship with other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares. Does not fall under any circumstances that disqualify them from being nominated as a director as specified in the “Self-Regulatory Guidelines No. 1 for Listed Companies of the Shanghai Stock Exchange.” Has not been punished by the China Securities Regulatory Commission and other relevant departments, nor subjected to sanctions from the stock exchange.

8. Sui Rongchang

Male, born in 1975, a member of the Communist Party of China, holds a master’s degree in business administration, and is an engineer and economist.

Previously served as Committee Member and Deputy Manager of Jiqing South Line Branch of Shandong Expressway Co., Ltd., Deputy General Manager and Party Committee Member of Jinan Shengbang Real Estate Co., Ltd., and Director of the Office of Shandong Expressway Co., Ltd. Currently serves as a director of the sixth Board of Directors of Shandong Expressway Co., Ltd. and Secretary of the Board, and concurrently serves as a director of Shandong Expressway Rail Transit Group Co., Ltd.

As of the date of this announcement, Sui Rongchang holds 590,000 shares of the Company, and has no related relationship with other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares. Does not fall under any circumstances that disqualify them from being nominated as a director as specified in the “Self-Regulatory Guidelines No. 1 for Listed Companies of the Shanghai Stock Exchange.” Has not been punished by the China Securities Regulatory Commission and other relevant departments, nor subjected to sanctions from the stock exchange.

Resumes of Independent Director Candidates for the Seventh Board

1. Jiang Yonghai

Male, born in 1975, a member of the Revolutionary Committee of the Chinese Kuomintang, holds a doctoral degree, and is a researcher.

Previously served as Assistant Researcher and Associate Researcher at the Chinese Academy of Environmental Sciences. Currently serves as Chief Scientist at the Soil and Groundwater Environmental Research Institute of the Chinese Academy of Environmental Sciences, Director of the Key Laboratory for Groundwater Simulation and Control, Executive Vice Chairman of the Groundwater Pollution Remediation Industry Alliance, and doctoral supervisor at Beijing Normal University, concurrently serving as an independent director of the sixth Board of Directors of Shandong Expressway Co., Ltd.

As of the date of this announcement, does not hold any shares of the Company, and has no related relationship with other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares. Meets the qualifications for office as specified by relevant laws, administrative regulations, departmental rules, and normative documents, and does not fall under any circumstances that disqualify them from serving as an independent director as specified in the “Company Law” and the “Management Measures for Independent Directors of Listed Companies.” Has not been punished by the China Securities Regulatory Commission and other relevant departments, nor subjected to sanctions from the stock exchange.

2. Tang Guiyao

Female, born in 1980, a member of the Communist Party of China, holds a doctoral degree, is a national-level young talent and chief expert of major projects funded by the National Social Science Foundation, and a Taishan Scholar Young Expert in Shandong Province.

Currently serves as a professor, doctoral supervisor, and Vice Dean at the School of Management of Shandong University, and Director of the Shandong Provincial Talent Development Strategy Research Institute; concurrently serves as an executive director of the China Talent Research Association, an executive director of the China Human Resource Development Research Association, Deputy Secretary-General of the Talent Development Branch of the China Labor Economics Society, Vice President of the Shandong Higher Education Talent Research Association, and an independent director of the sixth Board of Directors of Shandong Expressway Co., Ltd.

As of the date of this announcement, does not hold any shares of the Company, and has no related relationship with other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares. Meets the qualifications for office as specified by relevant laws, administrative regulations, departmental rules, and normative documents, and does not fall under any circumstances that disqualify them from serving as an independent director as specified in the “Company Law” and the “Management Measures for Independent Directors of Listed Companies.” Has not been punished by the China Securities Regulatory Commission and other relevant departments, nor subjected to sanctions from the stock exchange.

3. Pan Lin

Female, born in 1985, holds a doctoral degree in law, is a professor and doctoral supervisor at the Law School of Shandong University, and a Taishan Scholar Young Expert in Shandong Province.

Currently serves as a professor and doctoral supervisor at the Law School of Shandong University, concurrently serving as an executive director of the Commercial Law Research Association of the China Law Society, Vice President of the Civil and Commercial Law Research Association of Shandong Law Society, independent director of Shantui Construction Machinery Co., Ltd., and independent director of the sixth Board of Directors of Shandong Expressway Co., Ltd.

As of the date of this announcement, does not hold any shares of the Company, and has no related relationship with other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares. Meets the qualifications for office as specified by relevant laws, administrative regulations, departmental rules, and normative documents, and does not fall under any circumstances that disqualify them from serving as an independent director as specified in the “Company Law” and the “Management Measures for Independent Directors of Listed Companies.” Has not been punished by the China Securities Regulatory Commission and other relevant departments, nor subjected to sanctions from the stock exchange.

4. Zhang Hongchao

Male, Han nationality, born in 1975, a member of the Communist Party of China, holds a doctoral degree.

Currently serves as a professor at the School of Transportation Engineering of Tongji University and concurrently serves as a distinguished expert at the Guizhou Highway Traffic Maintenance Technology Innovation Center.

As of the date of this announcement, does not hold any shares of the Company, and has no related relationship with other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares. Meets the qualifications for office as specified by relevant laws, administrative regulations, departmental rules, and normative documents, and does not fall under any circumstances that disqualify them from serving as an independent director as specified in the “Company Law” and the “Management Measures for Independent Directors of Listed Companies.” Has not been punished by the China Securities Regulatory Commission and other relevant departments, nor subjected to sanctions from the stock exchange.

5. Hu Nanwei

Female, Han nationality, born in 1980, a member of the Communist Party of China, graduated from Xiamen University, holds a doctoral degree in accounting, and is a registered accountant (non-practicing member).

Currently serves as a professor in the Accounting Department of the Management School of China University of Mining and Technology (Beijing), and an independent director and Chairman of the Audit Committee of Beijing Boke Testing System Co., Ltd.

As of the date of this announcement, does not hold any shares of the Company, and has no related relationship with other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares. Meets the qualifications for office as specified by relevant laws, administrative regulations, departmental rules, and normative documents, and does not fall under any circumstances that disqualify them from serving as an independent director as specified in the “Company Law” and the “Management Measures for Independent Directors of Listed Companies.” Has not been punished by the China Securities Regulatory Commission and other relevant departments, nor subjected to sanctions from the stock exchange.