The board of directors of China Resources and Transportation Group Limited announced that Mr. Fung Tsun Pong (Mr. Fung) has tendered his resignation as an executive director and a co-chairman of the company, an authorised representative (the Authorised Representative) of the company under Rule 3.05 of the Rules Gaverning the Listing of Securities on The Stock Exchange of Hong Kong Limited, the chairman of nomination committee and a member of remuneration committee with effect from 2 March 2023 due to his personal health reason. The board of the company further announced that Mr. Gao Zhiping (Mr. Gao), an executive director and the chief executive officer of the Company has been appointed as a co-chairman of the company, an Authorised Representative, the chairman of nomination committee and a member of remuneration committee with effect from 2 March 2023.