The board of directors of Silk Road Logistics Holdings Limited announced the following changes with effect from 11 September 2023: Ms. Choy So Yuk (Ms. Choy) has resigned as an independent non-executive director, the chairman of each of the nomination committee (the nomination committee) and the remuneration committee (the remuneration committee) and a member of the audit committee (the audit committee) of the company as she had served the company for more than nine years and desires to devote more time to her personal affairs. Ms. Choy will act as a senior consultant of the Company (Senior Consultant) following her resignation as an independent non-executive Director, providing the benefit of her expertise and experience to the Board; Mr. Chen Wai Chung Edmund Mr. Chen") has resigned as an independent non-executive Director, the chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee as he desires to devote more time to his personal development. The board announced that with effect from 11 September 2023: (1) Mr. Chu Kin Wang, Peleus (Mr. Chu) has been appointed as an independent non-executive Director, the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee; and (2) Mr. Lam Tin Faat (Mr. Lam) has been appointed as an independent non-executive director, the chairman of the Nomination Committee and a member of each of the Remuneration Committee and the Audit Committee.

Mr. Chu, aged 59, holds a Master of Business Administration degree from The University of Hong Kong. Mr. Chu is a fellow member of the Hong Kong Institute of Certified Public Accountants. Mr. Chu is also an associate of both The Chartered Governance Institute (formerly known as The Institute of Chartered Secretaries and Administrators) and The Hong Kong Institute of Chartered Secretaries.

He has extensive experience in corporate finance, audit, accounting and taxation. Mr. Chu was previously a deputy chairman and executive director of Chinese People Holdings Company Limited until September 2020, a non-executive director of Perfect Group International Holdings Limited until March 2017 and an executive director of Momentum Financial Holdings Limited until March 2022. Mr. Chu is currently or used to be an independent non-executive director of the following companies, the securities of which are listed on the Stock Exchange or GEM of the Stock Exchange (as appropriate): Tianli Holdings Group Limited since April 2007; Mingfa Group (International) Company Limited since November 2016; Madison Holdings Group Limited since September 2015; Huayu Expressway Group Limited since May 2009; China First Capital Group Limited since October 2011; Hyfusin Group Holdings Limited since December 2021; Flyke International Holdings Limited until December 2020; Xinming China Holdings Limited until August 2021; SuperRobotics Holdings Limited until November 2021; and Peking University Resources (Holdings) Company Limited until October 2022.

Mr. Lam, aged 47, holds a bachelor degree of business administration from The Chinese University of Hong Kong. He has more than 10 years of experience in financial audit, accounting and financial management. He is a fellow member of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants in the United Kingdom and a member of the Institute of Chartered Accountants in England and Wales.

Mr. Lam is also the sole proprietor of TF Lam & Company, a CPA practice in Hong Kong, and a director of Top Team Secretary Limited. Mr. Lam was an independent non-executive director of Yu Tak International Holdings Limited from July 2012 to June 2023. Mr. Lam was an independent non-executive director of Centron Telecom International Holding Limited from April 2018 to February 2020.

Mr. Lam was an independent non-executive director of Tenwow International Holdings Limited from November 2018 to February 2021. Change Of Composition Of Board Committees: Following the resignations of Ms. Choy and Mr. Chen and appointments of Mr. Chu and Mr. Lam as disclosed above, the composition of the Board committees has changed with effect from 11 September 2023 as follows: (1) Ms. Choy has ceased to be the chairman of the Nomination Committee and the Remuneration Committee and a member of the Audit Committee; (2) Mr. Chen has ceased to be the chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee; (3) Mr. Chu has been appointed as the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee; (4) Mr. Lam has been appointed as the chairman of the Nomination Committee and a member of each of the Remuneration Committee and the Audit Committee; and (5) Ms. Ang Mei Lee Mary (Ms. Ang), an independent non-executive Director and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee, has been appointed as the chairman of the Remuneration Committee.