The board of directors of COSCO SHIPPING International (Hong Kong) Co., Ltd. announced that with effect from 15 January 2018, Mr. Ye Weilong, Mr. Liu Xianghao and Mr. Wang Wei have resigned as executive director and chairman of the Board of the company, executive director and non-executive director of the company respectively due to change of work designation. Accordingly, Mr. Liu Xianghao and Mr. Wang Wei ceased to be member of Strategic Development Committee and Risk Management Committee of the company. On the same day, Mr. Liu Gang, executive director and managing director of the company, has resigned from his position as managing director of the company due to change of work designation but remains as executive director of the company, and he also resigned as chairman of Corporate Governance Committee of the company and member of each of Remuneration Committee and Nomination Committee of the company.

On the same day, Mr. Wang Yuhang has been appointed as executive director and chairman of the Board of the company, Mr. Zhu Jianhui, executive director and vice chairman of the Board of the company, has also been appointed as managing director of the company, chairman of Corporate Governance Committee of the company and member of each of Remuneration Committee and Nomination Committee of the company, Mr. Feng Boming has been appointed as non-executive director of the company and member of Strategic Development Committee of the company, Mr. Chen Dong has been appointed as non-executive director of the company and member of Risk Management Committee of the company, and Mr. Ren Yongqiang has been appointed as non-executive director of the company. Mr. Wang Yuhang, aged 56, is executive vice president of (China COSCO SHIPPING Corporation Limited), director and chairman of COSCO SHIPPING (Hong Kong) Co., Limited, non-independent and non-executive director and chairman of COSCO SHIPPING International (Singapore) Co., Ltd., and non-executive director and vice chairman of China International Marine Containers (Group) Co., Ltd. Mr. Zhu Jianhui, aged 55, is executive director and vice chairman of the Board of the company since August 2016, is chairman of Strategic Development Committee and Risk Management Committee of the Company and is director of two subsidiaries of the company. He is also director and president of COSCO SHIPPING (Hong Kong) Co., Limited and non-executive director of Piraeus Port Authority S.A. He had been the manager of China Ocean Shipping Agency Nantong (Penavico Nantong), the deputy general manager of China Ocean Shipping Agency (Shanghai), the deputy general manager of China Ocean Shipping Agency head office, the deputy general manager of COSCO Logistics Co., Ltd., the general manager of China Ocean Shipping Tally Company and the general manager of Dalian Ocean Shipping Company.

Mr. Feng Boming, aged 48, is general manager of the Strategy and Corporate Management Division of (China COSCO SHIPPING Corporation Limited), director of COSCO SHIPPING (Hong Kong) Co., Limited, non-executive director of COSCO SHIPPING Holdings Co., Ltd. Mr. Chen Dong, aged 43, is general manager of Finance and Accounting Division of (China COSCO SHIPPING Corporation Limited), director of COSCO SHIPPING (Hong Kong) Co., Limited, non-executive director of COSCO SHIPPING Holdings Co., Ltd., COSCO SHIPPING Ports Limited (listed in Hong Kong), COSCO SHIPPING Development Co., Ltd., and director of COSCO SHIPPING Specialized Carriers Co., Ltd. Mr. Ren Yongqiang, aged 44, is general manager of Human Resources Division and head of Organisation Division of (China COSCO SHIPPING Corporation Limited), director of COSCO SHIPPING (Hong Kong) Co., Limited, COSCO SHIPPING Bulk Co., Ltd. and COSCO SHIPPING Financial Holdings Co., Limited.