The board of directors of Guangdong Yueyun Transportation Company Limited announced that with effect from the date of this announcement, Mr. Tang Yinghai has reigned as an executive Director and the General Manager of the Company due to work relocation. Following Mr. Tang's resignation as an executive Director, Mr. Tang has also ceased to be a member of the Strategy Committee and Compliance Committee of the Company and an authorized representative of the Company. Mr. Yao Hanxiong ("Mr. Yao") has reigned as an executive Director and the Deputy General Manager of the Company due to work relocation.

Following Mr. Yao's resignation as an executive Director, Mr. Yao has also ceased to be a member of the Compliance Committee of the Company. In order to ensure the running of daily affairs of the Company, the Board recommends Mr. Guo Junfa, Chairman of the Board, to act as the acting general manager of the Company until the day when the new general manager elected by the Company, commences to perform his/her duties. In accordance with the Listing Rules, the Company shall appoint two authorized representatives as primary channels of communication between the Company and The Stock Exchange of Hong Kong Limited.

Accordingly, the Company appoints Mr. Huang Wenban as an authorized representative of the Company in succession to Mr. Tang Yinghai.