The board of directors of Yuexiu Transport Infrastructure Limited announced that Mr. Li Feng resigned as an executive Director and the Chairman of the Board with effect from 17 April 2024 in order to focus on his other business commitments. In particular, Mr. Li will continue to be the chairman of the board of directors and a non-executive director of Chong Hing Bank Limited and a director of Guangzhou Yuexiu Capital Holdings Group Co. Ltd. Upon his resignation, he also ceased to be the Chairman of each of the nomination committee of the Board and the environmental, social and governance committee of the Board (the ESG Committee) and a member of the remuneration committee of the Board.

The Board further announced that Mr. Li ceased to be an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, and the authorised representative for accepting the service of process and notices on behalf of the Company in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the Process Agent) with effect from 17 April 2024. Ms. Liu Yan was appointed as an executive Director, the Chairman of the Board, the Chairman of each of the Nomination Committee and the ESG Committee and a member of the Remuneration Committee with effect from 17 April 2024. The Board further announced that Ms. Liu was appointed as an Authorised Representative and the Process Agent with effect from 17 April 2024.

Ms. Liu, aged 45, graduated from Nankai University with a Master's degree in law and an Executive Master of Business Administration degree from Shanghai Jiao Tong University. She obtained the qualification of Intermediate Economics (Human Resources Management). Ms. Liu has extensive work experience in operation management, organisational management and human resources management, etc.

in large business enterprises. Ms. Liu is the chief operating officer and chief human resources officer of Guangzhou Yue Xiu Holdings Limited and Yue Xiu Enterprises (Holdings) Limited. Ms. Liu is also a director of Guangzhou City Construction & Development Co.

Ltd., Guangzhou Paper Group Limited, Guangzhou Yuexiu Dairy Group Co. Ltd., and Liaoning Yuexiu Huishan Holdings Co. Ltd., and the vice chairman of Guangzhou Yuexiu Shared Services Co.

Ltd. Ms. Liu joined Guangzhou Yue Xiu in July 2002 and was a director of Guangzhou Yuexiu Financial Holdings Group Company Limited until October 2020, Guangzhou Yuexiu Capital Holdings Company Limited until September 2020, Guangzhou Yuexiu Financial Leasing Co., Limited until April 2021 and Shanghai Yuexiu Finance Leasing Co., Limited until April 2021, and the director of human resources of Guangzhou Yue Xiu and YXE. She has led the implementation of several major projects for Guangzhou Yue Xiu on operation management, lean management, establishment of systems and regimes, as well as changes in human resources. In August 2018, she was appointed as an executive director of Yuexiu Property Company Limited.

Ms. Liu has entered into a letter of appointment with the Company for an initial fixed term of three years commencing on 17 April 2024 unless terminated by not less than three months' prior notice in writing given by either party to the other. Subject to the provisions of re- election or retirement by rotation at the general meeting of the Company in accordance with the bye-laws of the Company (the Bye-Laws), Ms. Liu shall hold office only until the next annual general meeting of the Company and then be eligible for re-election.