Sinotrans and CRCT Signing Framework Agreement

Sinotrans signed a framework agreement on strategic cooperation with CRCT in Beijing on June 25th, 2008. Sinotrans Board Chairman Miao Gengshu, and CRCT General Manager Zheng Mingli addressed the signing ceremony. Sinotrans Vice President Dong Jianjun and CRCT Deputy General Manager Wang Qingyu signed the agreement.

At the ceremony, both sides agreed Sinotrans and CRCT are positioned to capitalize on their time-honored collaboration history, extensive distribution of branch offices and advantageous resource abundance, and that the signature of the agreement marks the beginning of a new stage of cooperation between the two companies. Both companies are bound to usher in a new era of greater development by benefiting from their cooperation and mutual complementation. Mr. Zheng Mingli also expressed his hopes for setting up a model in China's modern logistics industry through close collaboration and building a new landmark for future development of both sides.