CN Logistics International Holdings Limited announced that Mr. Cheung Siu Ming Ringo resigned as an executive Director and a member of the risk and compliance committee of the Company with effect from 22 December 2021 due to his retirement. Mr. Cheung has confirmed that he has no disagreement with the Board and there is nothing relating to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company. The Board announced that, with effect from 22 December 2021: Ms. Augusta Morandin has been appointed as an executive Director and a member of the Risk and Compliance Committee; and Mr. Fabio Di Nello has been appointed as an executive Director. Ms. Augusta Morandin, aged 63, has been appointed as an executive Director and a member of the Risk and Compliance Committee on 22 December 2021. Ms. Morandin has more than 40 years of experience in the freight forwarding industry in Italy. She joined the Group in September 2012 and has been a management director of CN LOGISTICS SA and CN Logistics S.R.L., each of which is a wholly-owned subsidiary of the Company, responsible for the day-to-day operational management of the import, export and co-loading department. Prior to joining the Group, Ms. Morandin has served as an overseas division management of Italsempione S.p.A., a private Italian freight forwarding company, from May 1992 to August 2012. From October 1987 to April 1992, Ms. Morandin worked as a seafreight trade manager in LDS International Freight Forwarders. Ms. Morandin has served as the export seafreight manager and area manager in SGS Società Generale di Sorveglianza S.p. A from March 1979 to September 1987. From July 1977 to February 1979, Ms. Morandin has worked in the OPS Roadfreight department of Deugro International Freight Forwarders S.p.A. Ms. Morandin graduated from high school in Italy in July 1977. As at the date of this announcement, Ms. Morandin was interested in 10,000,000 shares of Company. Mr. Fabio Di Nello, aged 49, has been appointed as an executive Director on 22 December 2021. Mr. Di Nello has over 25 years of experience in the freight forwarding industry in Italy. He joined the Group in May 2012 and has been a management director of CN LOGISTICS SA and CN Logistics S.R.L., each of which is a wholly-owned subsidiary of the Company, responsible for the day-to-day operational management of the import, export and co-loading department. Prior to joining the Group, Mr. Di Nello worked in Italsempione S.p.A, a private Italian freight forwarding company, from May 1995 to April 2012, with his last position as the overseas division manager. Mr. Di Nello graduated from high school in Italy in July 1991. As at the date of this announcement, Mr. Di Nello was interested in 10,000,000 shares of Company. Each of Ms. Morandin and Mr. Di Nello has entered into a service agreement with the Company for an initial term of two years commencing from 22 December 2021 which is renewable automatically for successive terms of one year each and may be terminated by either party giving to the other not less than three-month prior written notice. Each of the appointment of Ms. Morandin and Mr. Di Nello is subject to the rotational retirement and re-election requirements at the general meetings of the Company pursuant to the articles of association of the Company.