The board (the "Board") of directors (the "Directors") of Kerry Logistics Network Limited (the "Company") announced that Mr. CHEUNG Ping Chuen Vicky ("Mr Cheung"), an existing executive Director, has been appointed as the Managing Director of the Company (the "Managing Director") with effect from 1 July 2022. Mr. Cheung, aged 62, has been an executive Director since April 2020. Mr. Cheung is a director of Apex Maritime Co.

Inc. and its affiliates (collectively, "Apex Group"), which have become wholly-owned subsidiaries of the Company and been trading as Kerry Apex since 2020. Mr. Cheung founded Apex Group, a group of freight forwarding companies, in 1990 and has been its director since then. Apex Group has been recognised as one of the top three volume providers for the Transpacific Trade.

Mr. Cheung is also a director of various subsidiaries of the Company. Mr. Cheung obtained a bachelor's degree in science (business administration and accounting) from San Francisco State University in the United States in 1985.