The board of directors of China Resources and Transportation Group Limited announced that Mr. Jiang Tao, currently the chief executive officer of the company was appointed as an executive director of the Company with effect from 12 August 2016. Mr. Jiang, was appointed as the CEO of the company on 12 May 2016. Prior to joining the Company, Mr. Jiang has over ten years' experience in the banking industry and was the president of a fund management company in the PRC. The Board announced that Mr. Xue Baozhong was appointed as an independent non-executive director, a member of the audit committee, the nomination committee and the remuneration committee of the company with effect from 12 August 2016. Mr. Xue was the chairman and general manager of Gansu Province Zhongbao Economic and Trade Co. Ltd. and Shanghai Wanye Economic and Trade Co. Ltd. for the periods from 1996 to 1998 and from 1999 to 2012, respectively. During the period from 2013 to June 2016, he was the vice president of Copower Enterprise Group Limited.