Tianjin Port Development Holdings Limited announced that Mr. Zheng Qingyue was removed as Executive Director and Vice Chairman with effect from December 9, 2015. The removal is made on the ground that Mr. Zheng is under the investigation and criminal coercive measures in accordance with the laws in relation to the explosion in Tianjin on 12 August 2015 and failed to perform his duties by giving sufficient time and attention to the affairs of the company as a Director. The board also announced that Mr. Yu Houxin has been appointed as Executive Director with effect from 9 December 2015.