The board of directors of China Resources and Transportation Group Limited announced that Cao Zhong had tendered his resignation recently as the chairman of the board, an executive director, the chairman of the nomination committee and the member of the remuneration committee of the company due to his increasing personal commitments and his resignation was accepted by the board on October 28, 2021. The board also announced the re-designation of Fung Tsun Pong from the post of vice-chairman to chairman of the board effective from October 28, 2021.