Guangdong Nan Yue Logistics Co. Ltd. announced that Ms. Cheng Zhuo and Ms. Zhou Jiede, being independent supervisors of the company, have tendered their resignations as the independent supervisors of the company due to Ms. Cheng's change of work duties and Ms. Zhou being unable to allocate sufficient time to fulfill the responsibilities of an independent supervisor in future, respectively. The supervisory committee of the company has proposed to appoint Mr. Bai Hua and Ms. Lu Zhenghua as independent supervisors of the company. Their tenures of office will become effective from the date of approval by the 2011 annual general meeting of the company and will expire at the end of the term of the fourth session of the supervisory committee of the company.