China Resources and Transportation : POSTPONEMENT OF ANNUAL GENERAL MEETING

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CHINA RESOURCES AND TRANSPORTATION GROUP LIMITED

中國資源交通集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 269)

POSTPONEMENT OF ANNUAL GENERAL MEETING

Reference is made to the announcements of China Resources and Transportation Group Limited (the "Company", together with its subsidiaries, the "Group") (i) dated 30 June 2020 in relation to the unaudited annual results for the year ended 31 March 2020 and (ii) dated 5 August 2020 and 13 August 2020 in relation to the further delay in publication of audited annual results announcement and annual report (the "Further Delay Announcements") (together, the "Announcements"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

As disclosed in the Further Delay Announcements, based on the latest development of the COVID-19 epidemic and the recent discussion with the Company's auditor, additional time is required for the completion of the auditing process of the 2020 Annual Results, and the 2020 Annual Report is expected to be despatched to the Shareholders on or before 7 September 2020.

Under Rule 13.46(2)(b) of the Listing Rules, the Company is required to lay its annual financial statements before its members at its annual general meeting of the Company (the "2020 AGM") within the period of 6 months after the end of the financial year (i.e. 30 September 2020). In light of the delay in despatch of 2020 Annual Report on or before 7 September 2020, the 2020 AGM will be postponed to a date falling on or before 16 October 2020 to fulfill the notice period of annual general meeting under the Company's articles of association (the "Articles"). Accordingly, the Company has applied for, and the Stock Exchange has granted, a waiver from strict compliance with Rule 13.46(2)(b) of the Listing Rules for postponing the date of the 2020 AGM to a date falling on or before 16 October 2020.

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Pursuant to the Articles, the Company shall in each year hold a general meeting as its annual general meeting, and that not more than fifteen months shall elapse between one annual general meeting and the next. Since the Company's previous annual general meeting was held on 26 September 2019, the Company can still comply with its Articles so long as the 2020 AGM is held on or before 26 December 2020.

The Company will keep the Shareholders and potential investors of the Company informed of the latest progress of the annual audit and make further announcement when necessary.

Shareholders and potential investors of the Company are advised to exercise caution in dealing in the shares of the Company.

By Order of the Board

China Resources and Transportation Group Limited

Cao Zhong

Chairman

Hong Kong, 21 August 2020

As at the date of this announcement, the board of directors comprises six executive directors, namely Messrs Cao Zhong, Fung Tsun Pong, Gao Zhiping, Tsang Kam Ching, David, Jiang Tao and Duan Jingquan; and four independent non-executive directors, namely Messrs Jing Baoli, Bao Liang Ming, Xue Baozhong and Ms. Chan Chu Hoi.

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