Central Development Holdings Limited — Board/Management Information 2021

Nov 16, 2021

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CHINA RESOURCES AND TRANSPORTATION GROUP LIMITED 中國資源交通集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 269)

SUPPLEMENTAL ANNOUNCEMENT REMOVAL OF DIRECTOR

Reference is made to the announcement of China Resources and Transportation Group Limited (the “ Company ”) dated 15 November 2021 in relation to the removal of Mr. Li Wing Chiu (‘‘ Mr. Li ’’) as an executive Director of the Company.

The Board (excluding Mr. Li) wishes to clarify the reason for removal of Mr. Li. After appointment of Mr. Li on 15 June 2021, the Board (excluding Mr. Li) has found that Mr. Li’s expertise and skills are not required by the Company and from a cost-effective management perspective, the Board (excluding Mr. Li) is of the view that it would be in the best interest of the Company and its Shareholders as a whole to remove Mr. Li.

The Board has confirmed that apart from the foregoing, it is not aware of any matter in relation to the said removal that needs to be brought to the attention of the shareholders of the Company.

By order of the Board China Resources and Transportation Group Limited Fung Tsun Pong Chairman

Hong Kong, 16 November 2021

As at the date of this announcement, the board of directors comprises four executive directors, namely Messrs Fung Tsun Pong, Gao Zhiping, Jiang Tao and Duan Jingquan; and four independent non-executive directors, namely Messrs Jing Baoli, Bao Liang Ming, Xue Baozhong and Ms. Chan Chu Hoi.

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