The Board of YTO International Express and Supply Chain Technology Limited announces that, with effect from 21 August 2023: 1. Mr. Huang Yifeng resigned as an executive Director, the chairman of the corporate governance committee of the Company and an authorised representative of the Company for the purpose of Rule 3.05 of the Listing Rules; 2. Mr. Su Xiufeng was appointed as a non-executive Director;3. Mr. Pan Shuimiao was appointed as the chairman of the corporate governance committee of the Company; and
4. Mr. Sun Jian was appointed as an authorised representative of the Company for the purpose of Rule 3.05 of the Listing Rules. The resignation of Mr. Huang 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. Huang 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. Mr. Su, aged 48, was appointed as a non-executive Director on 21 August 2023. He obtained a bachelor's degree in English from Guangzhou Institute of Foreign Languages in June 1995 and a master's degree in business administration from the City University of Seattle in September 2006. Mr. Su joined YTO Express Group Co. Ltd. "YTO Express"), a company listed on the Shanghai Stock Exchange and a controlling shareholder of the Company, and its subsidiaries ("YTO Express Group") in December 2015 and served as the vice president of YTO Express in the YTO Express Group from 17 October 2016 to 16 October 2019, and he currently serves as a director and the vice chairman of Shanghai Yuantong Jiaolong Investment Development (Group) Co. Ltd.* ("Yuantong Jiaolong") and the chairman of YTO Cargo Airlines Co. Ltd. Mr. Su served as a non-executive director of the Company from 1 December 2017 to 21 January 2020. Prior to joining YTO Express Group, Mr. Su served as the chief executive officer of Zhejiang Loong Airlines Co., Ltd* previously known as CDI Cargo Airlines Co., Ltd* from November 2011 to April 2013 and he joined Yuantong Jiaolong in May 2013. Mr. Su has been appointed as a non-executive Director by the Company for an initial term of one year commencing from 21 August 2023, which shall be renewed and extended automatically for successive terms of one year each upon expiry of the then current term, until terminated by not less than three month's written notice served by either the Company or Mr. Su expiring at the end of the initial term or thereafter. His appointment is subject to the rotational retirement and re-election requirements at the general meetings of the Company pursuant to the articles of association of the Company. Pursuant to the terms of the appointment letter entered into by the Company with Mr. Su, he will not receive any directors' fee during the term of appointment. Following the resignation of Mr. Huang from the above-mentioned positions, Mr. Pan Shuimiao, a non-executive Director, was appointed as chairman of the corporate governance committee of the Company with effect from 21 August 2023. Following the resignation of Mr. Huang from the above-mentioned positions, Mr. Sun Jian, an executive Director, was appointed as an authorised representative of the Company for the purpose
of Rule 3.05 of the Listing Rules with effect from 21 August 2023.