The board of directors of Silk Road Logistics Holdings Limited announced that Ms. Zhang Rui has resigned as an executive Director and ceased to be a member of the executive committee of the Company with effect from 22 June 2020 as she would like to pursue other career development. The Board announced that Ms. Yang Yi and Mr. Meng Fanpeng have been appointed as executive Directors and members of the Executive Committee with effect from 22 June 2020. Ms. Yang, aged 30, will be responsible for reviewing and advising business development planning and business activities of the Group. Mr. Meng, will oversee investment and management of the projects and act as director of subsidiaries of the Company. He is admitted to the New York State Bar. Mr. Meng joined the Company in 2016 and served as general manager of the Investment and Finance Department and director of a subsidiary of the Company. Prior to joining the Company, Mr. Meng was in charge of the investment arm of a then large commodities trading & investment entity in Hong Kong.