China Resources&Transportation : Announcements and Notices - (1) Appointment of Executive Director and (2) Appointment of Independent Non-executive Director, and Member of Audit Committee, Nomination Committee and Remuneration Committee

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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)

1. APPOINTMENT OF EXECUTIVE DIRECTOR AND
2. APPOINTMENT OF INDEPENDENT NON-EXECUTIVE

DIRECTOR, AND MEMBER OF AUDIT COMMITTEE, NOMINATION COMMITTEE AND REMUNERATION COMMITTEE

The Board of the Company announces that with effect from 12 August 2016:

1. Mr. Jiang Tao, currently the CEO of the Company, was appointed as an executive director of the Company; and

2. Mr. Xue Baozhong was appointed as an independent non-executive director, a member of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Company.

APPOINTMENT OF EXECUTIVE DIRECTOR

The board of directors (the "Board") of China Resources and Transportation Group Limited (the "Company" and together with its subsidiaries, the "Group") is pleased to announce that Mr. Jiang Tao ("Mr. Jiang"), currently the chief executive officer of the Company (the "CEO"), was appointed as an executive director of the Company with effect from 12 August 2016.

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Mr. Jiang, aged 36, was appointed as the CEO of the Company on 12 May 2016. He graduated from the University of International Business and Economics (對外經濟貿易大學) in the People's Republic of China (the "PRC") with a bachelor degree in economics. Prior to joining the Company, Mr. Jiang has over ten years' experience in the banking industry and

was the president of a fund management company in the PRC.

The service contract entered into between Mr. Jiang and the Company on 12 May 2016 in respect of his appointment as a CEO was replaced by a director's service agreement dated 12 August 2016 for a term of three years commencing from 12 August 2016 with a director's fee of HK$1,200,000 per annum which will be paid in proportion to the actual length of services to be provided by Mr. Jiang to the Company. Mr. Jiang is also entitled to discretionary bonus and other benefits at the sole discretion of the Board and its remuneration committee.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR, AND MEMBER OF AUDIT COMMITTEE, NOMINATION COMMITTEE AND REMUNERATION COMMITTEE

The Board is also pleased to announce that Mr. Xue Baozhong ( "Mr. Xue") was appointed as an independent non-executive director, a member of the audit committee (the "Audit Committee"), the nomination committee ("Nomination Committee") and the remuneration committee ("Remuneration Committee") of the Company with effect from 12 August 2016.

Mr. Xue, aged 62, graduated from 蘭州商學院 (Lan Zhou Commerce School*) in the PRC, majoring in corporate management. Mr. Xue was the chairman and general manager of 甘肅 省中寶經貿有限公司 (Gansu Province Zhongbao Economic and Trade Co., Ltd.*) and 上海 萬野經貿有限公司 (Shanghai Wanye Economic and Trade Co., Ltd.*) for the periods from 1996 to 1998 and from 1999 to 2012, respectively. During the period from 2013 to June 2016, he was the vice president of 長和實業集團有限公司 (Copower Enterprise Group Limited*).

An appointment letter was entered into between Mr. Xue and the Company on 12 August 2016 for a term of two years commencing from 12 August 2016 with a director's fee of HK$120,000 per annum which will be paid in proportion to the actual length of services to be provided by Mr. Xue to the Company.

The director's fee of Mr. Jiang and Mr. Xue were determined with reference to their duties and responsibilities, experience, performance and prevailing market conditions. The appointment of each of Mr. Jiang and Mr. Xue is subject to retirement and re-election at the next general meeting of the Company in accordance with the Articles of Association of the Company.

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Mr. Jiang and Mr. Xue will be subject to rotation requirements as contained in the Articles of Association of the Company and shall retire from office by rotation at least once every three years.

None of Mr. Jiang and Mr. Xue has any interests in the securities of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Save as disclosed above, none of Mr. Jiang and Mr. Xue has held 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 (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

Save as disclosed, none of Mr. Jiang and Mr. Xue has 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 and other major appointments or professional qualifications.

Save as disclosed above, there is no other information in relation to the appointment of Mr. Jiang and Mr. Xue 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. Jiang and Mr. Xue to the Board.

* For identification purpose only

By order of the Board

China Resources and Transportation Group Limited Cao Zhong

Chairman

Hong Kong, 12 August 2016

As at the date of this announcement, the Board comprises six executive Directors, namely Mr. Cao Zhong, Mr. Fung Tsun Pong, Mr. Duan Jingquan, Mr. Tsang Kam Ching, David, Mr. Gao Zhiping and Mr. Jiang Tao; a non-executive Director namely Mr. Suo Suo Stephen; and four independent non-executive Directors, namely Mr. Yip Tak On, Mr. Jing Baoli, Mr. Bao Liang Ming and Mr. Xue Baozhong.

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