The Board of China Infrastructure & Logistics Group Ltd. announced that, with effect from 25 May 2022 Mr. Peng Chi has resigned as an executive Director and the co-chairman of the Board; Mr. Xie Bingmu has resigned as an executive Director, the compliance officer and an authorised representative of the Company; Mr. Zhang Jiwei has resigned as an executive Director; Mr. Yan Zhi has resigned as a non-executive Director and the co-chairman of the Board; Mr. Xia Yu has resigned as a non-executive Director, a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee; Mr. Lee Kang Bor, Thomas has resigned as an independent non-executive Director, the chairman of each of the Audit Committee and the Remuneration Committee, and a member of the Nomination Committee; Mr. Wong Wai Keung, Frederick has resigned as an independent non-executive Director, the chairman of the Nomination Committee, and a member of each of the Audit Committee and the Remuneration Committee; Mr. Li Xiaoming has been appointed as an executive Director, the chairman of the Board, the chairman of the Nomination Committee and an authorised representative of the Company; Mr. Qiao Yun has been appointed as an executive Director and the general manager; Ms. Zhou Wei has been appointed as a non-executive Director and a member of the Remuneration Committee; Mr. Xu Aoling has been appointed as a non-executive Director and a member of the Audit Committee; Mr. Chau Kwok Keung has been appointed as an independent non-executive Director, the chairman of each of the Audit Committee and the Remuneration Committee, and a member of the Nomination Committee; and Mr. Fu Xinping has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee. Mr. Li Xiaoming since December 2020, has been the deputy general manager of Wuhan Port Group Co. Ltd. Mr. Qiao Yun since November 2020, has been the party secretary and chairman of Wuhan Xingang Hanjiang Container Co.

Ltd. Ms. Zhou Wei, aged 34, is the sole director of the Offeror. Since July 2020, she has also been the deputy head of the investment and development department of Hubei Port Group. Since April 2021, Ms. Zhou has been a supervisor of Wuhan Comprehensive Transportation Research Institute Co.

Ltd. Mr. Xu Aoling, aged 46, since October 2021, has been the deputy head of the corporate finance department of Hubei Port Group. Since April 2021, Mr. Xu has also been a supervisor of Wuhan New Port Yangluo Bonded Area Development and Management Co. Ltd. Mr. Chau Kwok Keung aged 45, is the chief financial officer of BetterLife Holding Limited, a company listed on the Stock Exchange since September 2020 and was appointed as an executive director in December 2020.

Mr. Fu Xinping since July 1987, with his current position as the professor of the School of Economics. Since December 2016, Mr. Fu has also been an independent director of Wuhan Express Holding Group Co. Ltd.