Globaltrans Investment Plc approved the appointment of Mr. Sergey Foliforov as a director of the Company until the conclusion of the Annual General Meeting to take place in 2023. Mr. Foliforov has served on Globaltrans' subsidiary Boards since 2018 including those of New Forwarding Company, Balt TransServis, GTI Management and Ural Wagonrepair Company. Sergey has more than 18 years of management experience and has held various positions in a number of companies with a focus on financial management and analysis.

Mr. Foliforov graduated from Lomonosov Moscow State University and has a Master of Science degree in Physics. He also holds an MBA from the MIRBISBusiness School in Moscow.