QILU EXPRESSWAY (01576) announced that at the board meeting held on August 28, 2025, Mr. Wei Yong was elected as Chairman of the third board of directors. He was also appointed as legal representative, authorized representative under Listing Rule 3.05, Chairman of the Board Nomination Committee, and Chairman of the Strategy Committee. His term of office runs from the date of this announcement until the expiry of the third board of directors' term.

From the date of this announcement, Mr. Wang Lingfang, an independent non-executive director, will no longer serve as Chairman of the Board Nomination Committee, and Mr. Duan Peng, an executive director, will no longer serve as authorized representative.