On 28 April 2026, Jiangsu Expressway Company Limited announced that Director Xie Mengmeng and Director Yang Jianguo have submitted resignation letters citing job reassignments.

Xie Mengmeng’s resignation—from the Board, the Nomination Committee, and the Remuneration and Appraisal Committee—took immediate effect on 28 April 2026. Yang Jianguo will step down from the Board and the Remuneration and Appraisal Committee on 15 June 2026, continuing to discharge duties until that date. Both directors were originally scheduled to serve until 26 June 2027 and have no outstanding public commitments to the company.

The departures leave the Board with sufficient members to meet quorum requirements; therefore, day-to-day management, business operations, and debt-servicing capability remain unaffected. However, Xie Mengmeng’s exit results in a single-gender Board, placing Jiangsu Expressway out of compliance with Hong Kong Listing Rule 13.92 and Corporate Governance Code provision B.3.5, which require at least one director of a different gender and such representation on the Nomination Committee. The Board has committed to appointing a suitable female director within three months to restore compliance.

Current Board composition (post-resignation): Executive Director Wang Feng; Non-executive Directors Wang Yingjian, Zhang Xinyu, Yang Shaojun, Yang Jianguo (until 15 June 2026), and Ma Chung Lai, Lawrence; Independent Non-executive Directors Xu Guanghua, Ge Yang, Gu Zhaoyang, Tan Shijun, and Sun Lijun.