ZHEJIANGEXPRESS(00576): Wu Wei nominated as the candidate for Executive Director.

Zhejiang Express (00576) has announced that Chen Ninghui has resigned from his position as an executive director and a member of the Board Strategic Committee due to retirement. The resignation will take effect upon the approval of the appointment of a new executive director at an extraordinary general meeting of shareholders. Wu Wei has been nominated as a candidate for the position of executive director. Wu Wei's term will be from the date of approval at the extraordinary general meeting of shareholders until the expiration of the ninth term of the board (June 30, 2024). The Board of Supervisors of the company has recently received a written resignation letter from the Chairman of the Board of Supervisors, Li Yuan. Li Yuan has resigned from the position of shareholder representative supervisor and Chairman of the Board of Supervisors due to work rearrangements. The resignation will take effect upon the approval of the appointment of a new shareholder representative supervisor at an extraordinary general meeting of shareholders. Lu Wenwei has been nominated as a candidate for the position of shareholder representative supervisor by the controlling shareholder of the company, Zhejiang Province Transportation Investment Group Co., Ltd. Lu Wenwei's term will be from the date of approval at the extraordinary general meeting of shareholders until the expiration of the ninth term of the Supervisory Board (June 30, 2024). Yuan Yingjie has resigned from the position of CEO of the company due to work rearrangements and has been transferred to the position of non-executive director, effective from September 7, 2023. After resigning as the CEO, Yuan Yingjie will continue to serve as the Chairman of the Board, authorized representative, and member of the Board Strategic Committee. Wu Wei has been appointed as the new CEO of the company, approved at a board meeting held on September 7, 2023, in accordance with the Company Law of the People's Republic of China and the Articles of Association, and will take effect on the same day. Yu Zhihong has resigned from his positions as a non-executive director and an authorized representative of the company, effective from September 7, 2023, due to work rearrangements.