Silk Road Logistics Holdings Limited announced that it will enter into a service agreement with Dr. Fang, pursuant to which, Dr. Fang will be appointed as the chief executive officer of the company, subject to the Immigration Department of the Hong Kong Special Administrative Region issuing an employment visa to Dr. Fang. The company and Dr. Fang subsequently entered into the letter of engagement for the appointment of Dr. Fang as the chief executive officer of the company. The Board also announced that the Employment Visa was issued by the Immigration Department on 11 April 2019 and the Letter of Engagement between the company and Dr. Fang has become effective following the issuance of the Employment Visa. Pursuant to the Letter of Engagement, the term of service of Dr. Fang shall be on a permanent basis unless either party terminates the Letter of Engagement in accordance with the terms in the Letter of Engagement.