Announcement on the Election of the Board of Directors and Appointment of Senior Management Personnel

Zhejiang Province Weihai Construction Group Co., Ltd.

Announcement on the Election of the Board of Directors and Appointment of Senior Management Personnel

The Company and all members of the Board of Directors guarantee the content of this announcement is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

Zhejiang Province Weihai Construction Group Co., Ltd. (hereinafter referred to as the "Company") held its second extraordinary general meeting of 2026 on August 12, 2026, to conduct the election of the Board of Directors. On the same day, the Company convened the first meeting of the eighth Board of Directors, which elected the Chairman of the eighth Board of Directors and members of the special committees, and appointed senior management personnel, the Secretary of the Board of Directors, and the head of internal audit. The details are as follows:

I. Composition of the Eighth Board of Directors of the Company

Chairman: Mr. Han Jianping

Non-independent Directors: Mr. Mao Jigang, Mr. Sun Banyu, Mr. Niu Jie, Ms. Zhang Guanshu

Independent Directors: Mr. Zhang Bingsheng, Ms. Xu Qun, Mr. Qian Ronglu

The eighth Board of Directors of the Company consists of the above 8 directors and 1 employee representative director (to be elected, the Company will hold a meeting of employee representatives later). The term of office is three years. The term of office for shareholder representative directors shall be calculated from the date of approval by the second extraordinary general meeting of shareholders of 2026, and the term of office for employee representative directors shall be calculated from the date of approval by the meeting of employee representatives until the expiration of the term of the eighth Board of Directors. The number of directors who also serve as senior management personnel and the number of directors represented by employees (1, to be elected) shall not exceed one-half of the total number of directors of the Company. The number of independent directors shall not be less than one-third of the total number of directors of the Company, which complies with the relevant laws and regulations. The qualifications and independence of the independent directors have been filed with and reviewed by the Shenzhen Stock Exchange without objection.

II. Composition of the Special Committees of the Board of Directors of the Company

The Board of Directors of the Company has established the Audit Committee, the Nomination Committee, the Remuneration and Appraisal Committee, and the Strategy Committee. The term of office for each special committee is the same as that of the eighth Board of Directors. The members are as follows:

1. Audit Committee: Ms. Xu Qun (Convener), Mr. Sun Banyu, Mr. Qian Ronglu;

2. Nomination Committee: Mr. Zhang Bingsheng (Convener), Mr. Mao Jigang, Ms. Xu Qun;

3. Remuneration and Appraisal Committee: Mr. Qian Ronglu (Convener), Ms. Zhang Guanshu, Ms. Xu Qun;

4. Strategy Committee: Mr. Han Jianping (Convener), Mr. Niu Jie, Mr. Zhang Bingsheng.

III. Appointment of Senior Management Personnel, Secretary of the Board of Directors, and Head of Internal Audit of the Company

1. Mr. Chen Hui is appointed as General Manager;

2. Mr. Yu Yuanhong is appointed as Deputy General Manager and Chief Engineer;

3. Mr. Fu Xianyang and Mr. Zhang Zhijian are appointed as Deputy General Managers;

4. Mr. Chen Wei is appointed as Deputy General Manager and Secretary of the Board of Directors;

5. Mr. Shi Zong is appointed as Deputy General Manager and Chief Financial Officer;

6. Mr. Xia Shangning is appointed as the Company's Securities Affairs Representative;

7. Mr. Zang Gaoyun is appointed as the Company's Head of Internal Audit.

The term of office for the above personnel is three years, consistent with the term of the eighth Board of Directors. Mr. Chen Wei, Deputy General Manager and Secretary of the Board of Directors, and Mr. Xia Shangning, Securities Affairs Representative, have obtained the qualification certificate for Secretary of the Board of Directors issued by the Shenzhen Stock Exchange and possess the necessary work experience and professional knowledge to perform their duties.