The board of directors of CSSC (Hong Kong) Shipping Company Limited announced that, in order to further enhance the corporate governance and to rationalize the structure of the Board so as to improve the decision making process and performance of the Board, the Board has resolved to establish a strategic and investment committee with effect from 4 March 2022 and to formulate the terms of reference of the Strategic and Investment Committee in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Strategic and Investment Committee has four members, including Mr. Zhong Jian, Mr. Li Wei, Mr. Zou Yuanjing and Mr. Wang Dennis. Mr. Zhong Jian acts as the chairperson of the Strategic and Investment Committee. The major duties and power of the Strategic and Investment Committee include: to conduct research on the long-term strategic planning, investment policies and major investment projects of the Company and make recommendations, and to monitor and follow up on major
investment projects approved by the shareholders' meeting and the Board; to conduct research on other major matters that may have impacts on the development of the Company and make recommendations to the Board; and to consider and implement other matters, as defined or assigned by the Board or otherwise required by the Listing Rules from time to time.