Central Development Holdings Limited — Board/Management Information 2021

Sep 7, 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)

RESIGNATION OF EXECUTIVE DIRECTOR AND AUTHORIZED REPRESENTATIVE

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. Tsang Kam Ching, David (“ Mr. Tsang ”) has resigned as the executive Director and the authorized representative (the “ Authorized Representative ”) under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from the date of this announcement due to his other personal commitments which require more of his dedication and time commitment.

Mr. Tsang confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

The Company is in the process of identifying suitable candidate to fill the vacancy of the above positions as soon as possible. A further announcement will be made upon the appointment of the new director and Authorized Representative.

The Board would like to express its sincere gratitude to Mr. Tsang for his contributions to, and efforts for, the Company during his tenure of service.

By order of the Board China Resources and Transportation Group Limited Cao Zhong Chairman

Hong Kong, 7 September 2021

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

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