The board of directors of COSCO SHIPPING International (Hong Kong) Co., Ltd. announced that with effect from 26 June 2024, Mr. Ma Xianghui has been appointed as non-executive director of the Company and member of Risk Management Committee of the Company. Mr. Ma, aged 49, is currently the general manager of Finance and Accounting Division of (China COSCO Shipping Corporation Limited) (ultimate controlling shareholder of the Company), director of COSCO SHIPPING (Hong Kong) Co., Limited (direct controlling shareholder of the Company) and director of two subsidiaries of the Company. Mr. Ma is also the non-executive director and vice chairman of Qilu Expressway Company Limited (listed in Hong Kong) and the non-executive director of COSCO SHIPPING Ports Limited (listed in Hong Kong).

He was the treasury manager of Finance Division of (China COSCO Holdings Company Limited), the general manager of Finance Division of COSCO International Holdings Limited (former name of the Company), the business manager of Strategy Implementation Management Office of (China Ocean Shipping (Group) Company)/(China COSCO Holdings Company Limited), the deputy general manager of Capital Management & Operation Division of (China COSCO Shipping Corporation Limited), the deputy general manager of the Company and vice president of COSCO SHIPPING (Hong Kong) Co., Limited. Mr. Ma has extensive experience in finance, capital operation, investment, mergers and acquisitions, strategic planning, etc. Mr. Ma graduated from (China School of Banking and Finance), major in investment economics and management and obtained a Master's degree in Economics from University of International Business and Economics.

He is a fellowship member of Association of Chartered Certified Accountants (FCCA) and a senior accountant. Save as disclosed above, Mr. Ma has not held any directorship in other listed public companies whether in Hong Kong or overseas in the past three years preceding the date of appointment. Mr. Ma has entered into a letter of appointment with the Company for a term commencing from 26 June 2024 to the conclusion of 2026 annual general meeting of the Company subject to retirement by rotation and being eligible for re-election in accordance with the provisions of the bye-laws of the Company.

Such letter of appointment is subject to the termination by either party giving one month's prior notice in writing or such other shorter notice period as may be agreed by both parties. Mr. Ma will not receive any director's emoluments from the Company.