The board of directors of Sinotrans Limited was notified recently that Mr. Wang Hong ("Mr. Wang"), the chairman and non-executive director of the Company, tendered his resignation to the Board and resigned as the chairman of the Board and the non-executive director of the Company with effect from 27 July 2022 due to his work re-allocation. Accordingly, Mr. Wang will also cease to be the chairman of the Strategy Committee and the member of the Nomination Committee of the Company. Mr. Wang has confirmed that he does not have any disagreement with the Company and the Board, and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.

According to the Company Law of the People's Republic of China and other relevant laws and regulations, the resignation of Mr. Wang will not cause the number of the Board members to be lower than the quorum, and will not affect the normal operation of the Board and the Company. On 27 July 2022, the Board approved the proposed appointment of Mr. Feng Boming ("Mr. Feng") as a non-executive director of the Company, and his proposed term of office will be from the date of approval by the shareholders of the Company at the extraordinary general meeting to the expiration date of the third session of the Board. The change in the membership of the four committees under the Board will be determined after the effectiveness of the appointment of new director as and when appropriate.

Mr. Feng, aged 52, currently serves as Executive Vice President of China Merchants Group Limited. Mr. Feng previously held various positions including Manager of Commercial Section of COSCO Container Lines Co. Ltd., General Manager of COSCO Container Hong Kong Mercury Co.

Ltd., General Manager of Management and Administration Department of COSCO Holdings (Hong Kong) Co. Ltd., General Manager of COSCO International Freight (Wuhan) Co. Ltd./COSCO Logistics (Wuhan) Co.

Ltd., Supervisor of Strategic Management Implementation Office of China Ocean Shipping (Group) Company and General Manager of Strategic and Corporate Management Department of China COSCO SHIPPING Corporation Limited. Mr. Feng also served as Executive Director and the Chairman of the board of directors of COSCO SHIPPING Ports Limited, Executive Director of COSCO SHIPPING Holdings Co. Ltd. and Orient Overseas (International) Limited, Non-executive Director of COSCO SHIPPING Energy Transportation Co.

Ltd., COSCO SHIPPING Development Co. Ltd., COSCO SHIPPING International (Hong Kong) Co. Ltd., Qingdao Port International Co.

Ltd. and Piraeus Port Authority S.A., and all of which are listed companies. Mr. Feng also served as Director of each of COSCO SHIPPING (Hong Kong) Co.,Limited, COSCO SHIPPING Investment Holdings Co., Limited, Hainan Harbour & Shipping Holding Co. Ltd. Mr. Feng has nearly 30 years of work experience in the shipping industry and has extensive experience in corporate governance and enterprise strategy management, investment and merger and acquisitions, ports management and operation, container shipping and supply chain management.

Mr. Feng graduated from The University of Hong Kong with a Master of Business Administration degree and is an economist.