The board (the "Board") of directors (the "Directors") of COSCO SHIPPING Ports Limited announces that with effect from 26 June 2024, Mr. YANG Zhijian ("Mr. YANG") has resigned as an executive Director and the chairman of the Board, and ceased to act as an authorised representative of the Company (the "Authorised Representative") under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"), an agent of the Company for the service of process in Hong Kong (the "Process Agent"), and the chairman of the Executive Committee and the Investment and Strategic Planning Committee and a member of the Environmental, Social and Governance Committee of the Company as he has attained the age of retirement. The Board announces that, with effect from 26 June 2024, Mr. ZHU Tao ("Mr. ZHU"), an executive Director and managing director of the Company, has been appointed as the chairman of the Board, Authorised Representative, Process Agent, the chairman of the Executive Committee and the Investment and Strategic Planning Committee and a member of the Environmental, Social and Governance Committee of the Company. Mr. ZHU Tao aged 51, has, prior to his appointment as detailed above, been an executive Director and the managing director of the Company since June 2022, and is the chairman of the Risk Management Committee, and a member of the Executive Committee, the Nomination Committee, the Remuneration Committee and the Investment and Strategic Planning Committee of the Company. Mr. ZHU is also a director of a number of subsidiaries of the Company. He is also the deputy general manager of COSCO SHIPPING Holdings Co. Ltd. ("COSCO SHIPPING Holdings", an intermediate controlling shareholder of the Company) and a non-executive director of Qingdao Port International Co. Ltd. Mr. ZHU served as a business deputy manager and business manager of the Dispatching Division of the Liner Department of COSCO Container Lines Co. Ltd. ("COSCO Container Lines") (now known as COSCO SHIPPING Lines Co. Ltd. ("COSCO SHIPPING Lines")), deputy head of the Business Division of the Coastal Transportation Department of COSCO Container Lines, manager of the East and South China Operating Department of Sino-Japan Trade Division of COSCO Container Lines, deputy general manager and chairman of the Labour Union of Shanghai PANASIA Shipping Company Limited ("Shanghai PANASIA"), deputy general manager of Americas Trading Division of COSCO Container Lines, general manager of COSCO Container Lines (Netherlands) B.V., supervisor of the General Manager's Office of COSCO Container Lines, general manager and deputy party secretary of Shanghai PANASIA, and deputy general manager and member of the Party Committee of COSCO SHIPPING Lines, etc. Mr. ZHU graduated from Shanghai Jiao Tong University with a Master's Degree in Business Administration. He is an economist. The Board announces that, with effect from 26 June 2024, Mr. MA Xianghui ("Mr. MA") has been appointed as a non-executive Director. Mr. MA Xianghui aged 49, is currently the general manager of the Finance and Accounting Division of China COSCO SHIPPING Corporation Limited ("COSCO SHIPPING", the ultimate controlling shareholder of the Company). Mr. MA is also a director of COSCO SHIPPING (Hong Kong) Co., Limited, a non-executive director of COSCO SHIPPING International (Hong Kong) Co. Ltd. ("COSCO SHIPPING International") (listed in Hong Kong) and a non-executive director and vice chairman of Qilu Expressway Company Limited (listed in Hong Kong). He was the treasury manager of the Finance Division of China COSCO Holdings Company Limited ("China COSCO Holdings") (now known as COSCO SHIPPING Holdings), general manager of the Finance Division of COSCO International Holdings Limited (now known as COSCO SHIPPING International), business manager of the Strategy Implementation Management Office of China Ocean Shipping (Group) Company /China COSCO Holdings, deputy general manager of the Capital Management & Operation Division of COSCO SHIPPING, deputy general manager of COSCO SHIPPING International, 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 Accountant (FCCA) and
senior accountant.