The Board of COSCO SHIPPING Holdings Co., Ltd. announced that Mr. Zhang Wei, Mr. Gu Zhongdong, Ms. Yu Tao, Mr. Qian Ming, Ms. Wu Yu and Mr. Ge Heyue were appointed as the deputy general managers of the Company with effect from 8 August 2022. The Board announces that due to change of job positions, Mr. Guo Huawei has tendered his resignation as the Company Secretary, the general legal counsel of the Company and an Authorized Representative of the Company for the purpose of Rule 3.05 of the Listing Rules with effect from 8 August 2022. Mr. Xiao Junguang was appointed as the Company Secretary, the general legal counsel of the Company and an Authorized Representative with effect from 8 August 2022.

Mr. Zhang Wei, aged 56, is currently a director, the general manager and deputy party secretary of COSCO SHIPPING Lines Co., Ltd., the chairman and party secretary of Shanghai PANASIA Shipping Co., Ltd. Mr. Zhang started his career in 1987 and served successively as the third officer and second officer of Guangzhou Ocean Shipping Company Limited, the deputy manager of European routes of Container Shipping Division II, the business manager of Customer Service Division of Marketing Department, the assistant to the chief and the deputy chief of Global Sales Division of Marketing Department of COSCO Container Lines Co., Ltd., the deputy general manager of Asia-Pacific trade area, the deputy general manager of European trade area, the deputy general manager of Business Process & System Division of COSCO Container Lines Co., Ltd., the deputy general manager of Florens Container Services Company Limited, the executive vice president of Piraeus Container Terminal S.A., the deputy general manager (in charge) and the general manager of Operating Management Division of China COSCO SHIPPING Corporation Limited, the deputy general manager of COSCO SHIPPING Lines, etc. Mr. Zhang holds a Master's degree in business administration from Shanghai Maritime University and is an engineer. Mr. Gu Zhongdong, aged 51, is currently the deputy general manager of COSCO SHIPPING Lines.

Mr. Gu started his career in 1992 and served successively as the captain of China Shipping International Ship Management Co., Ltd., the deputy general manager of the third department of shipping works of the vessel administration center of China Shipping Container Lines Co., Ltd. ("CSCL"), the deputy general manager (in charge) of the Safety & Technology Management department of CSCL, the deputy general manager of the Transportation Department of China Shipping (Group) Company, the general manager of China Shipping Car Carrier Co., Ltd. and the deputy general manager of CSCL, etc. Mr. Gu graduated from Dalian Maritime University with a Bachelor's degree in engineering, majoring in vessel piloting. Ms. Yu Tao, aged 48, is currently the deputy general manager of COSCO SHIPPING Lines.

She also serves as the director and a member of Executive Committee of Orient Overseas Container Line, the director of Equipment Management Center of Orient Overseas (International) Limited, a director of COSCO SHIPPING (Piraeus) Port Co., Ltd. Ms. Yu started her career in 1993 and served successively as the deputy general manager of the Engineering Logistics Division of COSCO Logistics Co., Ltd., the assistant to general manager, the deputy general manager of COSCO Container Lines Co., Ltd., etc. Ms. Yu holds a Master's degree in business administration from Guanghua School of Management of Peking University, and is a senior economist. Mr. Xiao Junguang, aged 51, is currently the legal counsel, company secretary, regulatory director and the chairman of regulatory committee of OOIL.

He also serves as the director and a member of Executive Committee of OOCL and the board secretary and the chief legal counsel of COSCO SHIPPING Lines. Mr. Xiao joined COSCO group in 1994 and served as the general manager of the finance department of COSCO Americas Inc./COSCO Americas Terminals Inc., the deputy general manager of the Investor Relations Division of China COSCO, the securities affairs representative of the Company, the deputy general manager of the Public Relations Department of China COSCO SHIPPING Corporation Limited. Mr. Xiao holds a Bachelor's degree in Finance from the Capital University of Economics and Business (formerly the Beijing Institute of Finance & Trade), and a Master's degree in Applied Finance from Macquarie University.

Mr. Xiao is an associate of The Hong Kong Chartered Governance Institute (formerly The Hong Kong Institute of Chartered Secretaries) and The Chartered Governance Institute. Mr. Qian Ming aged 47, is currently the deputy general manager of COSCO SHIPPING Lines. Mr. Qian started his career in 1998 and served successively as the business representative and the deputy general representative of China Shipping Colombo representative office the general manager of China Shipping (Indonesia) Shipping Co., Ltd. the assistant to general manager of the First Market Department of CSCL, the deputy general manager and the deputy general manager (in charge) of the Asia Pacific Department of CSCL, the general manager of the Asia Pacific Operation Department of CSCL, the general manager of the Latin America/Africa Trade Division of COSCO SHIPPING Lines, the general manager of COSCO Tianjin International Freight Co., Ltd. etc.

Mr. Qian graduated from Dalian Maritime University with a Bachelor's degree in law, majoring in international maritime affairs. Ms. Wu Yu aged 46, is currently the deputy general manager of COSCO SHIPPING Lines and the director and a member of Executive Committee of OOCL. Ms. Wu started her career in 1997 and served successively as the business manager of Business Process & System Division, deputy manager of Route Information Department, manager of Planning and Operation Division of Strategic Development Division, deputy general manager of Business Process & System Division of COSCO Container Lines, and the general manager of Business Process & System Division and assistant to the general manager of COSCO SHIPPING Lines.

Ms. Wu holds a Master's degree in business administration from Fudan University and is an economist. Mr. Ge Heyue aged 45, is currently the deputy general manager of COSCO SHIPPING Lines. Mr. Ge started his career in 1999 and served successively as the deputy manager of Business Division of Container Management Center of CSCL, the deputy manager of Container Management Center of China Shipping (North America) Holdings Co., Ltd. the assistant to general manager and deputy general manager of Americas Department, and deputy general manager and general manager of Americas Operations Department of CSCL, the deputy general manager of America Trade Division, general manager of Network Planning Division, and general manager of America Trade Division of COSCO SHIPPING Lines.

Mr. Ge graduated from Dalian Maritime University with a Bachelor's degree in economics, majoring in business intelligence.