The board of directors of Guangdong Yueyun Transportation Company Limited (the " Company") announces that Mr. Su Huacai ("Mr. Su") has tendered
his resignation as an executive Director due to work relocation, with effect from the date of this announcement. Mr. Su has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company (the "Shareholders"). The Board would like to thank Mr. Su for his contributions to the Company during his tenure of service. Pursuant to the articles of association of the Company, the Board shall consist of eleven Directors and the appointment of the Directors shall be approved by the Shareholders at the general meeting
of the Company. The Board will look for candidates for a new Director and convene a general meeting to approve the appointment as soon as practicable.