Silk Road Logistics : Announcements and Notices - APPOINTMENT OF CHIEF EXECUTIVE OFFICER

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Silk Road Logistics Holdings Limited

絲路物流控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 988)

APPOINTMENT OF CHIEF EXECUTIVE OFFICER

The Board announces that Mr. Meng has been appointed the Chief Executive Officer of the Company with effect from 2 June 2022.

APPOINTMENT OF CHIEF EXECUTIVE OFFICER

The board (the "Board") of directors (the "Directors", each a "Director") of Silk Road Logistics Holdings Limited (the "Company") is pleased to announce that Mr. Meng Fanpeng ("Mr. Meng") has been appointed as the chief executive officer of the Company (the "Chief Executive Officer") with effect from 2 June 2022.

The biographic details of Mr. Meng are as follows:

Mr. Meng, aged 41, holds an LLB from University of Lancaster and an LLM from University College London in the UK, and obtained his PhD from the Chinese University of Hong Kong. He is admitted to the New York State Bar. Mr. Meng worked with the Company's Investment and Finance Department from April 2016 to June 2020, and was an executive Director of the Company from June 2020 to June 2021 and had been a director of a subsidiary of the Company. Prior to joining the Company in 2016, he was in charge of the investment arm of a then large commodities trading and investment entity based in Hong Kong. Mr. Meng is currently a director of Cockatoo Island Mining Pty Ltd which is engaged in iron ore mining business. Mr. Meng has extensive experience in project investment and mergers & acquisitions in sectors including logistics, mining, energy and real estate.

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Mr. Meng will enter into a service agreement with the Company for a term of 2 years. The service agreement can be terminated by either party by giving the other party one month's written notice in advance or otherwise in accordance with the terms of the service agreement. Mr. Meng is entitled to remuneration of HK$480,000 per annum, and he is eligible for discretionary bonus which is recommended by the remuneration committee of the Company and determined by the Board with reference to his duties and responsibilities and contribution to the Company, the Company's remuneration policy and the prevailing market conditions.

Save as disclosed, Mr. Meng has not held any directorship in any public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years preceding the date of this announcement. Mr. Meng does not hold any other positions in the Company and its subsidiaries and does not have any relationship with any Directors, senior management, substantial shareholders or controlling shareholders of the Company. As at the date of this announcement, Mr. Meng holds 48,000 shares of the Company. Save as aforesaid, Mr. Meng does not have any interests in the shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Mr. Meng has confirmed that there is no other matter relating to his appointment that needs to be brought to the attention of the shareholders of the Company and there is no other information which is required to be disclosed pursuant to any of the requirements set out in Rules 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board would like to extend its warmest welcome to Mr. Meng in joining the Company.

By order of the Board

Silk Road Logistics Holdings Limited

Cheung Ngai Lam

Executive Director

Hong Kong, 2 June 2022

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Cheung Ngai Lam and Mr. Chung Wai Man; one non-executive Director, namely Mr. Ouyang Nong; and four independent non-executive Directors, namely Ms. Choy So Yuk, Mr. Wu Zhao, Mr. Chen Wai Chung Edmund and Ms. Ang Mei Lee Mary.

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