The board of directors of YTO Express Holdings Limited together with its subsidiaries announces that Mr. Su Xiufeng and Mr. Zhu Rui resigned as non-executive Directors with effect from 21 January 2020. The resignation of Mr. Su and Mr. Zhu was due to their other personal commitments which require more of their time and dedication. Each of Mr. Su and Mr. Zhu has confirmed that they have no disagreement with the Board and there is nothing relating to their resignation that needs to be brought to the attention to the shareholders of the Company. The Board further announces that Mr. Li Xianjun resigned as a member of the corporate governance committee of the Company. The Board announced that Mr. Huang Yifeng has been appointed as an executive Director and a member of the corporate governance committee of the Company with effect from 21 January 2020. He is now responsible for the overall strategy planning and international express business development. The Board announced that Mr. Pan Shuimiao has been appointed as a non-executive Director with effect from 21 January 2020. From March 2012 to March 2019, Mr. Pan had been acting as the director, executive director and managing director of Shanghai Yunfeng New Venture Capital Investment Center .