Tianjin Port Development Holdings Limited board announced the resignation of Mr. Yu Rumin as Executive Director and Chairman of the Company, resignation of Mr. Tian Changsong as Executive Director and Vice Chairman of the Company, appointment of Ms. Zhang Lili as Executive Director and Chairman of the Company, and appointment of Mr. Zheng Qingyue as Executive Director and Vice Chairman of the company, changes with effect from March 27, 2014. From 2010 to 2011, Ms. Zhang Lili was a director of Tianjin Port Holdings Co. Ltd. Ms. Zhang was mayor of the Nankai District of Tianjin from 2011 to 2013 and is currently the chairman of Tianjin Port Group.

From 2009 to 2011, Mr. Zheng Qingyue was deputy officer of the Tianjin Municipal Transportation Committee, deputy officer of the port services office of the Tianjin Municipal People's Government. Mr. Zheng has been appointed as a director of Tianjin Port Co. since 2013 and is currently the chairman of Tianjin Port Co.

and a director of certain subsidiaries of the Group. He has been appointed as deputy chief executive officer of Tianjin Port Group since 2011 and is currently the chief executive officer of Tianjin Port Group. He is also the chairman of Tianjin Port Finance Co.

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