Sinotrans : PROPOSED ADJUSTMENT OF BUSINESS SCOPE AND PROPOSED AMENDMENT TO THE ARTICLES OF ASSOCIATION

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liabilities whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 0598)

PROPOSED ADJUSTMENT OF BUSINESS SCOPE AND PROPOSED

AMENDMENT TO THE ARTICLES OF ASSOCIATION

The board of directors (the "Board") of Sinotrans Limited (the "Company", collectively with its subsidiaries, the "Group") held a meeting on 28 April 2021 and approved the resolutions on the proposed adjustment of business scope of the Company and the amendment to the Articles of Association of the Company (the "Articles of Association")

Because the license qualification of express service of the headquarters of the Company expired and the Company's headquarters does not intend to operate express service business at present stage, the Board proposed to delete the contents relating to international express service (other than the businesses exclusively operated by postal enterprises) in the business scope and Article 14 of the Articles of Association (the "Adjustment") considering the actual operation situation of the Company. The Group's principal businesses include logistics, forwarding and related business and e-commerce business. The Adjustment is only limited to the headquarters level, and will not impose any impact on the business operation of the Company's subsidiaries.

Details of proposed amendment to the Articles of Association are set out as follows, with amendment underlined:

Article 14: The scope of business of the Company shall be its scope of business as approved by the approval authorities and the administration and management authorities for industry and commerce. After being registered in accordance with the law, the Company's scope of business shall include: non- vessel shipping business; ordinary freight, special freight transportation (container, refrigeration, preservation), large article transportation; international express service (other than the businesses exclusively operated by postal enterprises);domestic waterway shipping & forwarding agents and passenger and freight transportation agent services; international transportation agent services for import and export products transported by sea, land and air, international exhibition items, private items and transit cargo, including booking, warehousing, transit, container assembly and unpacking, freight

• charge settlement, customs clearance, declaration, relevant short-distance transportation services and transportation consultation services; international intermodal transport services; ship leasing; IT services and authentication and consultation services; package services; import and export of goods;

1

import and export agent services, organization of cultural and art exchange activities; hosting exhibition and display.

Save for the amendment mentioned above, other provisions in the Articles of Association remain unchanged.

The proposed Adjustment will come into force upon approval at the general meeting of the Company, and the final approval result of the industrial and commercial registration authority shall prevail. A circular containing, among others, details of the proposed Adjustment will be despatched to the shareholders of the Company as soon as practicable pursuant to relevant regulations.

By order of the Board

Sinotrans Limited

Li Shichu

Company Secretary

Beijing, 28 April 2021

As at the date of this announcement, the board of directors of the Company comprises Li Guanpeng (Chairman), Song Dexing (Vice Chairman), Song Rong (executive director), Xiong Xianliang (non- executive director), Jiang Jian (non-executive director), Jerry Hsu (non-executive director), and four independent non-executive directors, namely Wang Taiwen, Meng Yan, Song Haiqing and Li Qian.

2