The board of directors of Guangdong Yueyun Transportation Company Limited announced that Mr. Wen Wu has tendered his resignation as an executive Director and the chief accountant of the Company due to change in work arrangement, with effect from 20 November 2020. Mr. Wen has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board announced that the Board has proposed to appoint Mr. Huang Wenban as an executive Director. According to the articles of association of the Company, the proposed appointment is subject to the approval by the Shareholders at a general meeting of the Company. Ordinary resolution to approve the proposed appointment of Mr. Huang will be proposed at the extraordinary general meeting of the Company to be convened in due course.