On Time Logistics Holdings Limited announced that Mr. Lam has resigned as the chairman of the Board, the chairman and a member of the Nomination Committee and a member of the Remuneration Committee but remains as an executive Director and the chief executive officer of the Company, and he also has been appointed as the chairman and a member of the Corporate Governance Committee; Mr. Haenisch has resigned as an executive Director, the vice chairman of the Board and the chief operating officer of the company; Ms. Cheung Ching Wa, Camy has resigned as an executive Director and the chief administrative officer of the company; Mr. Dennis Ronald de Wit has resigned as an executive director; Ms. Wong Pui Wah has resigned as an executive Director, the chairlady and a member of the Corporate Governance Committee but remains as the company secretary and the chief financial officer of the company; Mr. Ng Wai Hung has resigned as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee, the Nomination Committee and the Corporate Governance Committee; Mr. Poon Ka Lee, Barry has resigned as an independent non-executive Director and a member of each of the Audit Committee, the Nomination Committee and the Corporate Governance Committee and the chairman and a member of the Remuneration Committee; and Mr. Wong See Ho has resigned as an independent non-executive Director and the chairman and a member of the Audit Committee. In place of the resigned Directors, the Board announced the following appointments with effect from the close of the Offers on 1 December 2017: Mr. Li Xianjun has been appointed as an executive Director, the president of the company and a member of the Corporate Governance Committee; each of Mr. Su Xiufeng and Mr. Zhu Rui has been appointed as a non-executive Director; Mr. Yu Huijiao has been appointed as a non-executive Director, the chairman of the Board, the chairman and a member of the Nomination Committee and a member of the Remuneration Committee; Mr. Lin Kai has been appointed as a non-executive Director and a member of the Audit Committee; Mr. Li Donghui has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Nomination Committee and the Corporate Governance Committee; Mr. Xu Junmin has been appointed as an independent non-executive Director, the chairman and a member of the Remuneration Committee and a member of each of the Nomination Committee and the Corporate Governance Committee; and Mr. Chung Kwok Mo John has been appointed as an independent non-executive Director, the chairman and a member of the Audit Committee and a member of each of the Remuneration Committee and the Corporate Governance Committee. Mr. Li currently serves as the general manager of the Southern China region in the YTO Express Group. Mr. Su joined YTO Express Group in December 2015 and currently serves as the vice president of YTO Express and the chairman of YTO Cargo Airlines Co. Ltd. Mr. Zhu Rui currently serves as the vice president and the secretary to the board of YTO Express. Mr. Yu Huijiao currently serves as the chairman of the board and the chief executive officer of YTO Express. Mr. Lin Kai currently serves as the vice president and chief financial officer of YTO Express. Mr. Li Donghui is currently an independent director of China CYTS Holding Co. Ltd. and a director of Zhejiang Qianjiang Motorcycle Co. Ltd. Mr. Xu Junmin has also been serving as an independent director of Shanghai 2345 Network Holding Group Co. Ltd. Mr. Chung Kwok Mo John is currently an independent non-executive director of BYD Electronic (International) Company Limited and Zhengye International Holdings Company Limited.