The board of directors of Sinotrans Limited was notified on 24 August 2021 that: Mr. Li Guanpeng ("Mr. Li"), the chairman and executive director of the Company, tendered his resignation to the Board and resigned as the chairman of the Board and the executive director of the Company with effect from 25 August 2021 due to his work re-allocation. Accordingly, Mr. Li will also cease to be the chairman of the Stragegy Committee and the member of the Nomination Committee of the Company. Mr. Li has confirmed that he does not have any disagreement with the Company and the Board, and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. Mr. Liu Yingjie ("Mr. Liu"), the chairman of the supervisory committee of the Company (the "Supervisory Committee"), tendered his resignation to the Supervisory Committee and resigned as the chairman of the Supervisory Committee and the supervisor of the Company with effect from 25 August 2021 due to his work re-allocation. Mr. Liu has confirmed that he does not have any disagreement with the Company, the Board and the Supervisory Committee, and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.