The board of directors of YTO Express (International) Holdings Limited announced that Mr. Lam Chun Chin, Spencer resigned as an executive Director, chairman of the corporate governance committee of the Company and authorised representative of the company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Listing Rules") with effect from 1 December 2020. The resignation of Mr. Lam as executive Director, chairman of the corporate governance committee of the Company and authorised representative of the Company for the purpose of Rule 3.05 of the Listing Rules were due to the fact that he would like to devote more time to his family. Mr. Lam has confirmed that he has no disagreement with the Board and there is nothing relating to his resignation that needs to be brought to the attention to the shareholders of the Company. Following the resignation of Mr. Lam from the above mentioned positions, Mr. Huang Yifeng, being the executive Director, was appointed as chairman of the corporate governance committee of the Company and authorised representative of the Company under Rule 3.05 of the Listing Rules with effect from 1 December 2020.