The board of directors of COSCO SHIPPING Holdings Co., Ltd. announced that Mr. XU Weifeng and Mr. SONG Tao have been elected by the general meeting of the employee representatives of the Company as employee representative supervisors (the "Supervisors") of the seventh session of the supervisory committee of the Company with a term of office of three years commencing from the date of election of non-employee representative supervisors at the 2023 first extraordinary general meeting of the Company (i.e. 16 November 2023), pursuant to the relevant requirements of the laws and regulations and regulatory documents including the Company Law of the People's Republic of China, the Rules Governing the Listing of Stocks on Shanghai Stock Exchange, Shanghai Stock Exchange Guidelines for Self-regulation of Listed Companies No. 1 ­ Standardized Operation and the articles of association of the Company. Mr. XU, aged 52, is currently the secretary of the disciplinary committee of COSCO SHIPPING Ports Limited.

Mr. XU previously served as the deputy director of the hearing office under disciplinary inspection and supervision division of China Ocean Shipping (Group) Company (currently known as China Ocean Shipping Company Limited) and the hearing office under supervision division of China COSCO Holdings Company Limited (the Company, currently known as COSCO SHIPPING Holdings Co., Ltd.), the deputy director (in charge) and director of the office under disciplinary inspection and supervision division/patrol office of China Ocean Shipping (Group) Company and the office under supervision division/patrol office of China COSCO Holdings Company Limited, the director of the petition office under operation division of the disciplinary inspection team of the party committee/supervision and audit division of China COSCO SHIPPING Corporation Limited, and the director of the petition management office under disciplinary inspection and supervision team of China COSCO SHIPPING Corporation Limited. Mr. XU graduated from the Transportation Management College of Dalian Maritime University with a bachelor's degree, majoring in water transportation management, and is an engineer. Mr. SONG, aged 50, is currently an employee representative supervisor of the Company, and the deputy party secretary of Shanghai PANASIA Shipping Co., Ltd. Mr. SONG previously served as the deputy general manager, the deputy general manager (in charge) and the general manager of the domestic trade department of China Shipping Container Lines Co., Ltd. (currently known as COSCO SHIPPING Development Co., Ltd., the general manager of the domestic operation department and the director of the integrated division of China Shipping Container Lines Co., Ltd., the general manager, the deputy party secretary and the secretary of the disciplinary committee of Shanghai Puhai Shipping Co., Ltd. (a subsidiary of the Company), and the party secretary and the deputy general manager of Shanghai PANASIA Shipping Co., Ltd. Mr. SONG graduated from Shanghai Maritime College currently known as Shanghai Maritime University) with a bachelor's degree, majoring in marine communication and navigation.