Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in Bermuda with limited liability)
(Stock Code: 00517)
CHANGE OF DIRECTORS
The board of directors(the "Board") of COSCOSHIPPING International (Hong Kong) Co.,Ltd. (the "Company") announces that with effect from30th October 2018, Mr. Ren Yongqiang ("Mr. Ren") has resigned as non-executive director of the Company due to change of work designation. On the same day, Mr. Ma Jianhua has been appointed as non-executive director of the Company. Mr. Ren has confirmed that there was no disagreement with the Board and there was no other matter regarding his resignation that would need to be brought to the attention of the shareholders of the Company. The Board would like to take this opportunity to express its sincere gratitude to Mr. Ren for his valuable contributions to the Company during his tenure of services and welcome Mr. Ma Jianhua to join the Board.
Mr. Ma Jianhua ("Mr. Ma"),aged 56, is currently deputy general manager of COSCO SHIPPING International (Hong Kong) Co., Ltd. and director and vice president of COSCO SHIPPING (Hong Kong) Co., Limited (the controlling shareholder of the Company). Mr. Ma was the non-executive director of中遠海運控股股份有限公司(COSCO SHIPPING Holdings Co., Ltd.*) (listed in Hong Kong and the PRC) until his resignation in July 2018. He was also the deputy head of the human resources and labor department and the research officer of the Ministry of Transport of the PRC, the deputy party secretary and the leader of the discipline inspection team of Shenzhen Maritime Safety Administration, the deputy director of the general office and the deputy secretary of Chongqing municipality of the PRC, the party secretary and the deputy general manager of中國遠洋物流有限公司(COSCO Logistics Co., Ltd.*), the party secretary and the deputy general manager of中遠造船工業公司(COSCO Shipbuilding Industry Company Limited*), the supervisor, party secretary and deputy general manager of中遠海運控股股 份有限公司(COSCO SHIPPING Holdings Co., Ltd.*). Mr. Ma has extensive experience in transportation and logistics management, human resources management and modern corporate governance, etc. Mr. Ma graduated from the Party School of the Central Committee of the Communist Party of China majoring in economics and management and is a senior engineer.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 30th October 2018 to the conclusion of 2020 annual general meeting of the Company subject to retirement by rotation at least once every three years and being eligible for re-election at such annual general meeting of the Company in accordance with 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.
As at the date of this announcement, Mr. Ma does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Saved as disclosed above, Mr. Ma does not hold any other positions in the Company and its subsidiaries and does not have any other relationships with any directors, senior management, substantial shareholders or controlling shareholders of the Company. Mr. Ma has confirmed that there is no other matter that needs to be brought to the attention of the shareholders of the Company in connection with his appointment and there is no other information that should be disclosed pursuant to paragraphs (h) to (v) of Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
By order of the Board
COSCO SHIPPING International (Hong Kong) Co., Ltd.
Vice Chairman and Managing Director
30th October 2018
Upon the above change of directors, the Board of the Company comprises nine directors with Mr. Wang Yuhang1(Chairman), Mr. Zhu Jianhui1(Vice Chairman and Managing Director), Mr. Ma Jianhua2, Mr. Feng Boming2, Mr. Chen Dong2, Mr. Liu Gang1, Mr. Tsui Yiu Wa, Alec3, Mr. Jiang, Simon X.3and Mr. Alexander Reid Hamilton3.
* for identification purposes only