COSCO SHIPPING Development Co., Ltd. announced the resignation of Mr. Lin Feng (" Mr. Lin ") as the chief accountant of the Company (the "Chief Accountant") and the appointment of Mr. Hu Haibing ("Mr. Hu") as the Chief Accountant with effect from 17 June 2024. The Board hereby announces that the Board recently received the resignation letter tendered by Mr. Lin pursuant to which Mr. Lin resigned as the Chief Accountant due to change of job assignments with immediate effect from the date of the resignation letter. The Board announced that, with effect from 17 June 2024, Mr. Hu has been appointed as the Chief Accountant. The biographical details of Mr. Hu are set out as follows:
Mr. Hu Haibing, aged 53, is currently the Chief Accountant and a member of the Party Committee of the Company. Mr. Hu started his career in 1994. Since 2005, Mr. Hu has held various positions including the deputy manager of the Assets Supervision Office of the Finance Department of China Ocean Shipping (Group) Company (currently known as China
Ocean Shipping Company Limited); the deputy manager (in charge of the work) and manager of the Assets Supervision Office of the Finance Department of China Ocean Shipping (Group) Company; manager of the Assets Supervision Office of the Finance Department of China Ocean Shipping (Group) Company and China COSCO Holdings Company Limited(currently known as COSCO SHIPPING Holdings Co., Ltd.; the chief accountant and a member of the Party Committee of Hainan COSCO Bo'ao Co., Ltd.; the chief accountant and a member of the Party Committee of COSCO Shipbuilding Industry Company; the chief accountant and a member of the Party Committee of China Ocean Shipping Tally Company; the chief accountant and a member of the Party Committee of COSCO SHIPPING Bulk Co., Ltd. Mr. Hu graduated from Central University of Finance and Economics, majoring in accounting, with a bachelor's degree in economics and is a senior accountant.