The board of directors of CIG Yangtze Ports PLC announced that Mr. Duan Yan has tendered resignation as the chief executive officer and an authorised representative of the company with effect from March 7, 2014, but continue to be an executive director of the company. Mr. Duan will focus on the group's strategic development. The board further announced that Mr. Xie Bing Mu will be appointed as an executive director, CEO and the authorised representative with effect from March 7, 2014.

Mr. Xie being the general manager and the director of Wuhan International Container Company Limited. Mr. Xie, aged 50, has been the general manager of WIT since November 2003 and a director of WIT since January 2004. Prior to joining the Group, Mr. Xie had worked in an international port company and container terminal company in PRC for the years between 1997 and 2001.