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廣東粵運交通股份有限公司

Guangdong Yueyun Transportation Company Limited*

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 03399)

RESIGNATION OF EXECUTIVE DIRECTOR AND CHAIRMAN

The board (the "Board") of directors (the "Directors") of Guangdong Yueyun Transportation Company Limited (the "Company") announces that Mr. Xuan Zongmin ("Mr. Xuan") has tendered his resignation as an executive Director and Chairman as well as his positions as the chairman and member of the Nomination Committee, Strategy Committee and Compliance Committee due to retirement, with effect from the date of this announcement.

Mr. Xuan 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. Xuan for his contributions to the Company during his tenure of service.

Pursuant to the articles of association of the Company (the "Articles of Association"), 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 Chairman/Director and convene a general meeting to approve the appointment as soon as practicable.

By order of the Board

Guangdong Yueyun Transportation Company Limited

Zhang Li

Company Secretary

Guangzhou, the People's Republic of China

31 March 2021

As at the date of this announcement, the Board comprises Mr. Tang Yinghai, Mr. Yao Hanxiong, Mr. Zhang Xian and Mr. Huang Wenban as executive directors of the Company; Mr. Chen Min and Mr. Chen Chuxuan as non-executive directors of the Company; and Mr. Jin Wenzhou, Ms. Lu Zhenghua, Ms. Wen Huiying and Mr. Zhan Xiaotong as independent non-executive directors of the Company.

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Guangdong Yueyun Transportation Co. Ltd. published this content on 31 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2021 10:53:08 UTC.