China International Marine Containers : RESIGNATION OF CHAIRMAN, PRESIDENT ELECTION OF CHAIRMAN, DIRECTORS AND PRESIDENT AND APPOINTMENT OF MEMBERS OF COMMITTEES OF THE BOARD

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中國國際海運集裝箱（集團）股份有限公司

CHINAINTERNATIONALMARINECONTAINERS(GROUP)CO.,LTD.

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2039)

RESIGNATION OF CHAIRMAN, PRESIDENT

ELECTION OF CHAIRMAN, DIRECTORS AND PRESIDENT AND APPOINTMENT OF MEMBERS OF COMMITTEES OF THE BOARD

The Board hereby announces that, on 27 August 2020, the Board received the written resignation from Mr. WANG Hong. Mr. WANG Hong has tendered his resignation from the position of Chairman and non-executive Director of the Company and all the positions in the committees of the Board due to the change in work arrangement. On the same day, the Board received the written resignation from Mr. MAI Boliang, CEO and President of the Company, tendering his resignation from the position of President of the Company due to the change in work arrangement.

The Board also announces that, at the 12th meeting of the ninth session of the Board in 2020 held on 27 August 2020, (i) Mr. MAI Boliang, current executive Director, has been elected as the Chairman of the ninth session of the Board, with effect from 27 August 2020; (ii) Mr. DENG Weidong and Mr. GAO Xiang have been nominated as additional candidates for directorships of the ninth session of the Board, and the Board has agreed that the nominations will be submitted to the general meeting for consideration and approval; Mr. GAO Xiang has been appointed as President of the Company, with effect from 27 August 2020; and (iii) the Board has appointed members of the committees.

1. RESIGNATION OF CHAIRMAN, PRESIDENT
   The board (the "Board") of directors (the "Directors") of China International Marine Containers (Group) Co., Ltd. (the "Company") hereby announces that, on 27 August 2020, the Board received the written resignation from Mr. WANG Hong, the Chairman and non-executive Director of the Company. Mr. WANG Hong has tendered his resignation from the position of Chairman and non-executive Director of the Company and all the positions in the committees of the Board due to the change in work arrangement. On the same day, the Board received the written resignation from Mr. MAI Boliang, the CEO and President of the Company, tendering his resignation from the position of President of the Company due to the change in work arrangement. After the resignation, Mr. MAI Boliang still acts as CEO and Director of the Company and his positions in the controlling subsidiaries of the Company remains unchanged. According to the relevant laws, regulations, regulatory rules and the Articles of Association of the Company, the resignation of Mr. WANG Hong and Mr. MAI Boliang has taken effect upon the Board's receipt of their written resignations.

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Mr. WANG Hong and Mr. MAI Boliang have confirmed that they have no disagreement with the Company, the Board and the Supervisory Committee, and that there is no other matter relating to their resignation that needs to be brought to the attention of the shareholders of the Company (the "Shareholders"). The Company will complete the election of director, the appointment of the President and other related subsequent work in accordance to the requirements of the relevant laws, regulations and the Articles of Association of the Company.

The Company and the Board would like to express the highest respect and the heartfelt gratitude to Mr. WANG Hong and Mr. MAI Boliang for their outstanding contribution to the Company's development during their term of office.

1. ELECTION OF CHAIRMAN, DIRECTORS AND SENIOR MANAGEMENT
   The Board announces that, at the 12th meeting of the ninth session of the Board in 2020 held on 27 August 2020, Mr. MAI Boliang, current executive Director, has been elected as the Chairman of the ninth session of the Board, with effect from 27 August 2020; meanwhile, Mr. DENG Weidong and Mr. GAO Xiang have been nominated as additional candidates for directorships of the ninth session of the Board, and the Board has agreed that the nomination will be submitted to the general meeting for consideration and approval; the Board has approved the appointment of Mr. GAO Xiang as President of the Company, with effect from 27 August 2020. Biographical information of Mr. MAI Boliang, Mr. DENG Weidong and Mr. GAO Xiang is set out below:
   Mr. MAI Boliang, aged 61, has been the president of the Company since 7 March 1994, CEO and president of the Company from 27 August 2015 to 27 August 2020, and an executive Director of the Company since 8 March 1994. Currently, he serves as CEO of the Company, and the Chairman and non-executive Director of CIMC Vehicles (Group) Co., Ltd. (Stock Code: 1839). Mr. MAI Boliang joined the Company in 1982 and served as manager of production technical department and the deputy manager. Mr. MAI Boliang graduated from mechanical engineering of South China University of Technology in July 1982 with a bachelor degree. Mr. MAI Boliang is the honorary president of the China Container Industry Association and the president of Shenzhen Association for Listed Companies.
   Mr. MAI Boliang has entered into a service contract with the Company on 27 March 2019, with the term expiring at the end of this session of the Board. If Mr. MAI Boliang is eligible for re- election in the upcoming election of the Board, the service contract will continue to be effective.
   As at the date of this announcement, Mr. MAI Boliang holds 593,643 A Shares of the Company and 3,420,000 stock options in respect of A Shares (with an exercise price of RMB7.94 per share and a exercising period expiring at 27 September 2020). Mr. MAI Boliang also holds 7,260,000 ordinary shares of CIMC Enric Holdings Limited (the shares of which are listed on the Main Board of the Hong Kong Stock Exchange, stock code: 3899) ("CIMC Enric"). Changes of shares held by Mr. MAI Boliang will follow relevant provisions of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"), the Rules Governing Listing of Stocks on Shenzhen Stock Exchange, the Guidelines of the Shenzhen Stock Exchange for Standardized Operation, the Rules Governing Reduction in Shareholding of Shareholders, Directors and Supervisors of the Listed Company and the Implementation Rules of Reduction in Shareholding of Shareholders, Directors, Supervisors and Senior Management of Listed Company on Shenzhen Stock Exchange.

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Mr. DENG Weidong, aged 53, graduated from Nanjing University with a PhD of Physical Geography in 1994. He has vast experience in port management and port operation. He worked in Administration Bureau of Hainan Yangpu Economic Development Zone, and successively served as the general manager of Business Development Department of China Nanshan Development (Group) Inc., the deputy general manager of Chiwan Container Terminal Co., Ltd., and the general manager of Shenzhen Mawan Port Services Co., Ltd. After joining China Merchants Holdings (International) Company Limited (with the name changed to CMPort in 2016) in July 2009, he served as the deputy general manager of China Merchants Holdings (International) Company Limited; he is serving as the director of capital management Department of China Merchants Group since February 2015.

Mr. DENG Weidong will enter into the service contract with the Company for acting as a Director of the Company after the consideration and approval of the general meeting. If Mr. DENG Weidong is eligible for re-election in the upcoming election of the Board, the service contract will continue to be effective.

As at the date of this announcement, Mr. DENG Weidong does not have any interest in the shares of the Company or its associated corporation within the meaning of Part XV of Securities and Futures Ordinance.

Mr. GAO Xiang, aged 55, has been a vice president of the Company since 1 April 2015 and executive vice president of the Company since 27 March 2018. Mr. GAO Xiang graduated from Tianjin University majoring in marine and shipbuilding engineering. He is also a senior engineer. Mr. GAO Xiang acted as the general manager of Tianjin CIMC North Ocean Container Co., Ltd., Tianjin CIMC Containers Co., Ltd., Tianjin CIMC Logistics Equipments Co., Ltd., Tianjin CIMC Vehicles Logistics Equipments Co., Ltd. and Tianjin CIMC Special Vehicles Co., Ltd., respectively, from 1999 to 2008. He worked as the assistant to the president of the Company from 2004 to 2008. He served as the executive director and general manager of CIMC Enric Holdings Limited in 2009 and then the chairman of CIMC Enric Holdings Limited since 1 April 2015. Mr. GAO Xiang is also the chairman of certain subsidiaries of CIMC Enric Holdings Limited.

Mr. GAO Xiang has entered into the service contract with the Company for acting as President of the Company on 27 August 2020, with the term expiring at the half-year meeting of the Board in 2023. Mr. GAO Xiang will enter into the service contract with the Company for acting as a Director of the Company after the consideration and approval of the general meeting. If Mr. GAO Xiang is eligible for re-election in the upcoming election of the Board, the service contract will continue to be effective.

As at the date of this announcement, Mr. GAO Xiang holds 450,000 stock options in respect of the Company's A Shares (with the exercise price of RMB7.94 per share and the exercising period expiring at 27 September 2020). Mr. GAO Xiang also holds 900,000 options under the stock option incentive plan of CIMC Enric and 400,000 restricted share units under the restricted share incentive scheme of CIMC Enric. Changes of shares held by Mr. GAO Xiang will follow relevant provisions of the Listing Rules, the Rules Governing Listing of Stocks on Shenzhen Stock Exchange and the Guidelines of the Shenzhen Stock Exchange for Standardized Operation.

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Save as disclosed above, as at the date of this announcement, no other candidates of Directors have interest in the shares of the Company and/or its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance of Hong Kong.

Save as disclosed above, Mr. MAI Boliang, Mr. DENG Weidong and Mr. GAO Xiang do not hold any directorships in other public companies in the past three years, do not have any relationship with any other Directors, supervisors, senior management or substantial shareholders (as defined in the Listing Rules), do not have other information required to be disclosed pursuant to paragraphs

1. to (v) of Rule 13.51(2) of the Listing Rules, and do not have any other matters related to Mr. MAI Boliang, Mr. DENG Weidong and Mr. GAO Xiang that need to be brought to the attention of the Shareholders. Mr. MAI Boliang, Mr. DENG Weidong and Mr. GAO Xiang have not been penalised by China Securities Regulatory Commission and other competent authorities nor been disciplined by Shenzhen Stock Exchange. Above-mentioned persons are not dishonest persons subject to enforcement. The total number of Director being members of the management of the Company does not exceed half of the total number of Directors of the Company.

The nomination of Mr. DENG Weidong and Mr. GAO Xiang will take effect at the date when the Shareholders approve the resolutions on the proposed appointment of Directors at the general meeting.

It is expected that Chairman, Mr. MAI Boliang, and candidates of Directors, Mr. DENG Weidong and Mr. GAO Xiang, will not receive any remuneration from the Company for acting as Directors of the Company, but Mr. DENG Weidong and Mr. GAO Xiang will receive remuneration from the Company for acting as CEO and President of the Company respectively. Their salaries are proposed by the Remuneration Committee of the Company based on the Annual Performance Assessment and Incentive Measures for the Appointed Members of the Board of CIMC and finally determined by the Board.

A circular containing further details of the proposed appointment of Directors together with the notice convening the general meeting will be despatched to the Shareholders as soon as practicable.

1. APPOINTMENT OF MEMBERS OF COMMITTEES OF THE BOARD
   At the 12th meeting of the ninth session of the Board in 2020 held on 27 August 2020, the Board has also appointed the following members of committees:
   The Strategy Committee Mr. MAI Boliang (Chairman) Mr. LIU Chong
   Mr. HU Xianfu
   The Nomination Committee
   Ms. LUI FUNG Mei Yee, Mabel (Convener) Mr. MAI Boliang
   Mr. HE Jiale

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This announcement is available for reviewing on the website of the Company (http://www.cimc.com) and the website of The Hong Kong Stock Exchange (http://www.hkexnews.hk).

By order of the Board

China International Marine Containers (Group) Co., Ltd.

YU Yuqun

Company Secretary

Hong Kong, 27 August 2020

As at the date of this announcement, the Board of directors of the Company comprises Mr. MAI Boliang (Chairman) as an executive director, Mr. LIU Chong (Vice-chairman), Mr. HU Xianfu and Mr. MING Dong as non-executive directors; and Mr. HE Jiale, Mr. PAN Zhengqi and Ms. LUI FUNG Mei Yee, Mabel as independent non-executive directors.

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