Jiangsu Expressway Co. Ltd. (00177) reported that its Board of Directors received a resignation letter from Chairman of the Board, Mr. Chen Yunjiang, on March 3, 2026. He stepped down from his roles as Board Chairman, the convener of the strategy committee, and a director due to job reassignment. His departure is effective upon notification to the Board.
Based on the company announcement, Mr. Chen’s resignation does not reduce the Board’s membership below its required quorum and will not affect normal operations or the company’s ability to repay debts. A replacement director will be elected following legal procedures. During his tenure, Mr. Chen was commended for his diligence and contribution to the company's stable and healthy development, and the company expressed gratitude for his service.