The board of directors of China Resources and Transportation Group Limited announced the appointment of Mr. Suo Suo Stephen as a non-executive director of the company with effect from 2 July 2014. Mr. Suo has been appointed as the Chief Executive Officer of Strait Capital Management Limited since May 2014. Pursuant to the service agreement entered into between Mr. Suo and the company, Mr. Suo was appointed for a term of 2 years starting from 2 July 2014.

The appointment of Mr. Suo is subject to retirement and re-election at the next general meeting of the company and he shall also retire from office by rotation at least once every three years in accordance with the Articles of Association of the company.