The board of directors of Yuexiu Transport Infrastructure Limited announced that Mr. He Baiqing, currently a senior deputy general manager, has been appointed General Manager of the company with effect from 1 January 2013 to succeed Mr. Li Xinmin. Mr. Li Xinmin remains a Deputy Chairman of the Board. This re-designation would, on one hand, allow Mr. Li to focus on a director's corporate leadership role of supervision and oversight of the Company, and on the other hand, give an opportunity to the Company's younger generation of executives to take on a greater management role.

Mr. He Baiqing, aged 47, has been a deputy general manager of the Company since 2009 and was appointed senior deputy general manager in 2011.