Central Development Holdings Limited — Board/Management Information 2021

Nov 15, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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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)

REMOVAL OF DIRECTOR

The board (the “ Board ”) of directors (the “ Directors ”, each a “ Director ”) of China Resources and Transportation Group Limited (the “ Company ” and together with its subsidiaries, the “ Group ”) announces that Mr. Li Wing Chiu (‘‘ Mr. Li ’’) was removed as an executive Director of the Company with effect from 15 November 2021.

A written notice dated 15 November 2021 was served to Mr. Li to remove him from office as an executive Director of the Company pursuant to Article 107(a)(vi) of the Articles of Association of the Company (the ‘‘ Articles ’’) with effect from the date of the notice. Article 107(a)(vi) of the Articles provides that a Director shall be removed from office by notice in writing served upon him signed by all co-Directors.

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.

Following the removal of Mr. Li as executive Director of the Company, the remaining members of the Board will endeavor to safeguard the interests of the shareholders and the said removal will not impede the normal operation of the Group.

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

Hong Kong, 15 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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