The board of directors of Silk Road Logistics Holdings Limited announces the following changes with effect from 4 June 2021, Ms. Yang Yi ("Ms. Yang") has resigned executive Director and ceased to be a member of the executive committee of the Company (the "Executive Committee") as Ms. Yang wishes to pursue and develop other business; and Mr. Qin Bo ("Mr. Qin") has resigned as a non-executive Director as Mr. Qin wishes to concentrate in his personal affairs and pursue other business development. The Board announced that with effect from 4 June 2021: Mr. Cheung Ngai Lam ("Mr. Cheung") has been appointed as an executive Director and a member of the Executive Committee; Mr. Chung Wai Man ("Mr. Chung") has been appointed as an executive Director and a member of the Executive Committee; and Mr. Choi Wai Hong Clifford ("Mr. Choi") has been appointed as a non-executive Director. Mr. Cheung, aged 52, is a member of the American Institute of Certified Public Accountants and is a Certified Practicing Accountant of Australia. Mr. Cheung currently serves as an independent non-executive director of Guoan International Limited, New Provenance Everlasting Holdings Limited, Boyaa Interactive International Limited and China Development Bank International Investment Limited, and the chief financial officer of China Zenix Auto International Limited. Mr. Chung has over 24 years of experience in finance and business consulting. Mr. Chung is a non-executive director of Freeman FinTech Corporation Limited since December 2020. Mr. Choi was an independent non-executive director of Samson Paper Holdings Limited, since July 2020 and has been re-designated as an executive director from May 2021. He has been appointed as an executive director of Freeman FinTech from November 2020.