Central Development Holdings Limited — Board/Management Information 2021

Jun 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)

APPOINTMENT OF DIRECTOR

The board of directors (the “ Board ”) of China Resources and Transportation Group Limited (the “ Company ”) is pleased to announce the appointment of Mr. Li Wing Chiu (“ Mr. Li ”) as an executive director of the Company with effect from 15 June 2021.

Mr. Li, aged 56, graduated from Xiamen University with a doctoral degree in world economics. From December 2006 to April 2009, Mr. Li was the chairman of Xiamen Heguan Company Limited* ( 廈門和冠實業有限公司 ), a company engaged in investment in mining and agricultural related businesses. During October 2008 to December 2010, Mr. Li was an independent nonexecutive director of China Renji Medical Group Limited ( 中國仁濟醫療集團有限公司 ), a company listed on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) (Stock Code: 648). From October 2011 to November 2013, Mr. Li served as the chairman of the board of directors and an executive director of Oriental Unicorn Agricultural Group Limited ( 東麟農業 集團有限公司 ) (formerly known as China Medical and Bio Science Limited ( 中華藥業生物科學 有限公司 *) ), a company listed on The Growth Enterprise Market of the Stock Exchange (Stock Code: 8120).

The appointment of Mr. Li is subject to retirement and re-election at the next general meeting of the Company and he shall also retire from office by rotation at least once every three years in accordance with the Articles of Association of the Company.

Mr. Li does not have any interests in the securities of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Save as disclosed above, Mr. Li has not held any position in other companies listed on the Stock Exchange or The Growth Enterprise Market of the Stock Exchange or any other securities market in the last three years.

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Save as disclosed, Mr. Li does not hold any other position with the Company or other members of the Group nor has he had any relationship with any other directors, senior management or substantial or controlling shareholders of the Company or any of their associates (as defined in the Rules Governing the Listing of Securities on the Stock Exchange (the “ Listing Rules ”)).

Pursuant to the service agreement entered into between Mr. Li and the Company, Mr. Li was appointed for a term of 3 years starting from 15 June 2021 and is entitled to an annual salary of approximately HK$1,000,000, discretionary bonus and other benefits at the sole and absolute discretion of the Board and its remuneration committee. Mr. Li’s remuneration was determined by reference to his duties and responsibilities, experience, performance and market conditions.

Save as disclosed above, there is no other information in relation to the appointment of Mr. Li that needs to be disclosed pursuant to Rule 13.51(2) of the Listing Rules, and there is no other matter that needs to be brought to the attention of the shareholders of the Company.

The Company would like to take this opportunity to welcome Mr. Li to the Board.

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

Hong Kong, 15 June 2021

As at the date of this announcement, the board of directors comprises seven executive directors, namely Messrs Cao Zhong, Fung Tsun Pong, Gao Zhiping, Tsang Kam Ching, David, 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.

*For identification purpose only

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