Guangdong Yueyun Transportation Company Limited at its EGM held on 15 August 2018, approved the appointment of Dr. Wen and Mr. Zhan as an independent non-executive Director and the appointment of Mr. Wen as an executive Director. Also Mr. Zhan has been appointed as the chairman and a member of the remuneration committee of the Board, and a member of the nomination committee of the Board and Dr. Wen has been appointed as a member of the strategic committee of the Board. Mr. Gui Shouping has tendered his resignation to the Board as an independent non-executive Director, the chairman and a member of the remuneration committee, a member of the nomination committee and a member of the strategic committee of the Board due to age reason with effect from 15 August 2018.