The board (the "Board") of directors of Guangdong Yueyun Transportation Company Limited announced that with effect from the date of this announcement, Mr. Guo Junfa ("Mr. Guo") has resigned as an executive Director and the chairman of the Board of the Company due to work relocation. Following Mr. Guo's resignation as an executive Director, Mr. Guo has also ceased to be the chairman of the Nomination Committee and the Strategy Committee and an authorized representative of the Company.