The board of directors of YTO Express (International) Holdings Limited announced that Lam Chun Chin, Spencer, due to work allocation, ceased to act as the chief executive officer of the Company with effect from 26 August 2020 but remains to be an executive Director and chairman of the corporate governance committee of the Company. Mr. Lam has confirmed that he has no disagreement with the Board and there is nothing relating to his resignation as chief executive officer of the Company that needs to be brought to the attention to the shareholders of the Company.