YTO International Express and Supply Chain Technology Limited announced that Mr. Sun Jian resigned as chief executive officer of the Company. The resignation of Mr. Sun as an executive Director, the Chief Executive Officer and an Authorised Representative for the purpose of Rule 3.05 of the Listing Rules were due to the fact that he would like to devote more time and effort to the development of the Group's freight forwarding business. Mr. Sun 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.

The Board announced that following the resignation of Mr. Sun from the above- mentioned positions, Mr. Zhou Jian has been appointed as an Chief Executive Officer and an Authorised Representative for the purpose of Rule 3.05 of the Listing Rules with effect from 28 March 2024. Mr. Zhou Jian, aged 46, was appointed as an executive Director and the Chief Executive Officer on 28 March 2024. Mr. Zhou obtained a bachelor's degree in Communications Engineering from the Department of Electronic and Information Engineering of Huazhong University of Science and Technology in June 1998 and a master 's degree in Science and Technology in Signal and Information Service from Huazhong University of Science and Technology in June 2001.

Mr. Zhou joined YTO Express Group Co. Ltd., a company listed on the Shanghai Stock Exchange and a controlling shareholder of the Company, and its subsidiaries in January 2024 and currently serves as the vice president of YTO Express Co. Ltd., a subsidiary of YTO Express.

Prior to joining YTO Express Group, Mr. Zhou held various positions in Hangzhou BEST Network Technologies Co. Ltd., a consolidated variable interest entity of BEST Inc., a company listed on the New York Stock Exchange from 2008 to 2020. He was the director of carrier resources management of Hangzhou BEST from October 2008 to October 2010, the vice president and group director and general manager of express division of Hangzhou BEST from November 2010 to December 2016, and the senior vice president and general manager of international division of Hangzhou BEST from January 2017 to March 2020, respectively.

From March 2020 to September 2021, Mr. Zhou was the assistant chief marketing officer of Shenzhen S.F. Taisen Holding (Group) Co. Ltd, a subsidiary of S.F. Holding Co. Ltd., a company listed on the Shenzhen Stock Exchange.

In September 2020, Mr. Zhou was re-designated as the chief executive officer of Shenzhen Fengwang Express Co. Ltd., another subsidiary of S.F. Holding, and served until December 2023.