The board of directors of Goal Rise Logistics (China) Holdings Limited announced that Mr. Li Jianming (``Mr. Li'') has resigned as an executive Director, and a member of the remuneration committee of the Company (the ``Remuneration Committee''), with effect from 15 December 2021, in order to devote more time in pursing his personal business. Mr. Li confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company (the ``Shareholders'') and The Stock Exchange of Hong Kong Limited (the ``Stock Exchange''). The Board announced that with effect from 15 December 2021, Mr. Song Ruipeng (``Mr. Song'') has been appointed as an executive Director. Mr. Song, aged 41, has over 14 years of experience in equity investment and management consulting. Since August 2018, he has been a partner of Shengniu (Shanghai) Investment Management Co. Ltd., responsible for corporate listing, M&A, business model design, initial establishment and team management. Following the resignation of Mr. Li, the Board announces that Mr. Li Jiahao, an executive Director, has been appointed as the chief executive officer of the Company, with effect from 15 December 2021. The Board also announces that Mr. Li Jiahao, an executive Director, has been appointed as a member of the Remuneration Committee, with effect from 15 December 2021.