The board of directors of Guangdong Yueyun Transportation Company Limited announced that Mr. Chen Min (Mr. Chen) has resigned as a non-executive Director due to retirement, with effect from the date of this announcement. 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.