The board of directors of Guangdong Yueyun Transportation Company Limited announced that Ms. Lian Yuebin ("Ms. Lian") has tendered her resignation as employee representative supervisor of the Company due to retirement, with effect from the date of this announcement. Ms. Lian has confirmed that she has no disagreement with the Board and/or the supervisory committee of the Company (the "Supervisory Committee") and there are no other matters relating to her resignation that need to be brought to the attention of the holders of securities of the Company. The Board announced that on 16 January 2024, it has been resolved on the meeting of the employee representatives of the Company to appoint Ms. Ou Lixu ("Ms. Ou") as Employee Representative Supervisor of the Company to replace Ms. Lian.

Ms. Ou, aged 52. Ms. Ou joined Guangdong Vehicles Transportation Group Company Limited in 1997, and is currently a member of the disciplinary committee, the vice chairwoman of the labour union and the manager of the Communist Party union working department of the Company. Ms. Ou has held various major positions such as a member of office staff, the officer-in-charge, and the deputy manager of the Communist Party union working department of GVTG and the deputy manager of the Communist Party union working department of the Company.

Ms. Ou graduated from the Correspondence College of the Party School of Guangdong Provincial CPC Committee with a major in economic and management and from the Correspondence College of the Party School of the CPC Central Committee with a major in law in 2000 and 2003 respectively. Ms. Ou holds the title of senior political worker.