The board of directors (the "Board") of Sinotrans Limited (the "Company") was notified recently that: (i) Mr. Feng Boming ("Mr. Feng"), 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 7 July 2023 due to his work re-allocation. Accordingly, Mr. Feng will also cease to be the chairman of the Strategy Committee and the member of the Nomination Committee of the Company. (ii) Mr. Song Dexing ("Mr. Song"), the vice chairman and non-executive director of the Company, tendered his resignation to the Board and resigned as the vice chairman of the Board and the non- executive director of the Company with effect from 7 July 2023 due to his work re-allocation. Accordingly, Mr. Song will also cease to be the member of the Strategy Committee of the Company. (iii) Mr. Jiang Jian ("Mr. Jiang"), the non-executive director of the Company, tendered his resignation to the Board and resigned as the non-executive director of the Company with effect from 7 July 2023 due to his work re-allocation. (iv) Mr. Kou Suiqi ("Mr. Kou"), the supervisor of the Company, has tendered his resignation to the
supervisory committee of the Company (the "Supervisory Committee") and resigned as the supervisor of the Company with effect from 7 July 2023 due to his work re-allocation. On 7 July 2023, the Board approved the proposed appointment of Mr. Wang Xiufeng ("Mr. Wang"), Mr. Yu Zhiliang ("Mr. Yu") and Mr. Tao Wu ("Mr. Tao") as non-executive directors of the
Company, and their 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 directors as and when appropriate. On the same day, the Supervisory Committee approved the proposed appointment of Mr. Fu Bulin ("Mr. Fu") as the supervisor 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.Wang Xiufeng, aged 53, is Vice President of China Merchants Group Limited. He is a senior accountant and a senior engineer, graduated from the Northeastern University with a bachelor degree in Industrial Accounting and then obtained a master's degree in Business Administration from Tsinghua University. From November 2018 to August 2021, Mr. Wang has served as Chairman of China Merchants Expressway Network & Technology Holdings Co. Ltd. Mr. Wang has been serving as Chief Executive Officer and Vice Chairman of China Merchants Port Group Co. Ltd. since August 2021, and served as Executive Director and Managing Director of China Merchants Port Holdings Company Limited from August 2021 to November 2021, and Vice Chairman and Chief Executive Officer since November 2021. Besides, Mr. Wang has been serving as Director of Liaoning Port Group Limited since October 2021, Directors of China Merchants Taipingwan Development & Investment Co. Ltd. and China Merchants Northeast Asia Development & Investment Co. Ltd. since February 2022, and Vice Chairman of Shanghai International Port (Group) Co. Ltd. since June 2022. Yu Zhiliang, aged 54, is the professional external Director appointed by China Merchants Group Limited. Mr. Yu is a senior engineer, and graduated from South China University of Technology with a doctorate degree in Management. Mr. Yu has successively served as Director of the Planning and Development Division of the State-owned Assets Supervision and Administration Commission of Guangdong Province, Deputy General Manager of Guangdong Steel Group Company Limited, Director, General Manager and Chairman of Guangdong Guangye Assets Management Company Limited, Chairman of Guangdong Guangye Group Company Limited. From January 2019 to December 2020, Mr. Yu has served as Head of the Environmental Industry Preparatory Division (with
Head of Department ranking) of China Merchants Group. From December 2020 to June 2023, Mr. Yu has served as Vice President (with President ranking) of China Merchants Industry Holdings Co. Ltd. Mr. Yu has been serving as the Chairman of the Board and Chief Executive Officer of CMIC Ocean En-Tech Holding Co. Ltd. since December 2022. Tao Wu, aged 56, is the professional external Director appointed by China Merchants Group Limited. Mr. Tao graduated from Southwestern University of Finance and Economics with a bachelor degree in Economics. Mr. Tao has served as Assistant General Manager and Deputy General Manager of Finance Department of China Merchants Shekou Industrial Zone Co. Ltd., Deputy General Manager, Senior Deputy General Manager of Capital Department of China Merchants Shekou Industrial Zone Holdings Co. Ltd. From November 2016 to January 2019, Mr. Tao successively served as General Manager of Finance & Planning Department, Finance Department and Capital Department of China Merchants Financial Leasing Co. Ltd. Mr. Tao has served as Deputy Chief Financial Officer from January 2017 to January 2019 and Chief Financial Officer from February 2019 to June 2023 of China Merchants Financial Leasing Co. Ltd. Fu Bulin, aged 52, is Deputy Head of Audit Department of China Merchants Group Limited. Mr. Fu is an intermediate accountant, and graduated from Shanghai Maritime University majoring in accounting with a bachelor degree in Economics, and then obtained an MBA degree from the University of South Australia. From July 1995 to September 2021, Mr. Fu successively served as Head of Accounting Section of China Merchants Zhangzhou Development Zone Co. Ltd., and Deputy Head, Manager, Senior Manager, Assistant General Manager of Audit Department, Assistant General Manager of Risk Management Department, and Deputy Head of Audit Center of China Merchants Group Limited. Mr. Fu has been serving as Supervisor of China Merchants Sharing Service Co. Ltd. since April 2021, Supervisor of China Merchants Port Group Co. Ltd. since April 2022, Supervisor of China Merchants Investment Development Co. Ltd. since October 2022 and Supervisor of China Yangtze Shipping Group Co. Ltd. since June 2023.