China Merchants Port : (1) REDESIGNATION FROM MANAGING DIRECTOR TO VICE CHAIRMAN OF THE BOARD (2) APPOINTMENT OF EXECUTIVE DIRECTOR (...

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港口控股有限公司

CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED

(Incorporated in Hong Kong with limited liability under the Companies Ordinance)

(Stock Code: 00144)

ANNOUNCEMENT

1. REDESIGNATION FROM MANAGING DIRECTOR TO VICE CHAIRMAN OF THE BOARD
2. 1. APPOINTMENT OF EXECUTIVE DIRECTOR
   2. APPOINTMENT OF EXECUTIVE DIRECTOR AND MANAGING DIRECTOR

(4) RESIGNATION OF EXECUTIVE DIRECTOR

The Board announces that with effect from 22 June 2022:

1. Mr. Yim Kong has been redesignated from the Managing Director of the Company to the Vice Chairman of the Board;
2. Mr. Yang Guolin has been appointed as an Executive Director of the Company;
3. Mr. Xu Song has been appointed as an Executive Director of the Company and the Managing Director of the Company; and
4. Mr. Wang Zhixian has resigned as an Executive Director of the Company.

1. Redesignation from Managing Director to Vice Chairman of the Board

Reference is made to the announcement made by China Merchants Port Holdings Company Limited (the "Company") dated 3 November 2021 with respect to the appointment of Mr. Yim Kong as an Executive Director of the Company and the Managing Director of the Company.

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The Board of directors of the Company (the "Board") announces that it has resolved to redesignate Mr. Yim Kong ("Mr. Yim"), an Executive Director of the Company, from the Managing Director of the Company to the Vice Chairman of the Board with effect from 22 June 2022 due to change of work arrangement.

Mr. Yim, aged 50, currently serves as the Vice Chairman of China Merchants Port Group Co., Ltd., shares of which are listed on the Shenzhen Stock Exchange. Having graduated from International Trade at Xiamen University with a Bachelor's Degree in Economics, he went on to complete an MBA program cocreated by the Maastricht School of Management (Maastricht, the Netherlands) and Shanghai Maritime University. Mr. Yim has rich managerial experience in the port and logistics industries. He served as the Chief Representative of the representative office of China Merchants Group Limited in Central Asia and the Baltic Sea and the General Manager of China-Belarus Industrial Park. He also served as the Chief Operational Officer, General Manager and the Deputy General Manager of China Merchants Port Group Co., Ltd., share of which are listed on the Shenzhen Stock Exchange and the Managing Director, the Chief Commercial Officer and Deputy General Manager of the Company as well as the Commercial Director, Deputy General Manager, Standing Deputy General Manager and General Manager of Shekou Container Terminals Limited, a subsidiary of the Company, and worked for senior logistics management positions in Neptune Orient Lines (NOL) of Singapore and Swire Group of Hong Kong. He currently serves as Functional Constituency - Commercial (Third) member of the Legislative Council of the Hong Kong Special Administrative Region and a co-opted member of the Maritime and Port Development Committee of Hong Kong Maritime and Port Board. He was a member of the Pilotage Advisory Committee (PAC) of the Marine Department of the Hong Kong Special Administrative Region and a member of Election Committee of the Hong Kong Special Administrative Region and a member of the Logistics Services Advisory Committee of the Hong Kong Trade Development Council.

As at the date of this announcement, Mr. Yim has an interest in the Company and its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO") and has

1. personal interest in 7,227 shares of the Company ("Shares"), and (ii) 170,000 share options which are granted by China Merchants Port Group Co., Ltd..

Save as disclosed above, Mr. Yim did not hold any directorship in other listed public companies in the last three years or any position with the Company or other members of the Group. Save as disclosed above, Mr. Yim is independent of and not connected with any Director, senior management or substantial or controlling shareholder of the Company.

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There is an existing appointment letter between Mr. Yim and the Company for a term of three years commenced on 3 November 2021. Mr. Yim will receive an annual salary of HK$1,494,600 and he may also be entitled to mandatory provident fund contribution and discretionary bonus to be determined at the end of each financial year.

Save as disclosed above, the Board is not aware of any other matters relating to the redesignation of Mr. Yim from the Managing Director of the Company to the Vice Chairman of the Board that need to be brought to the attention of the holders of securities of the Company and there is no other information which is required to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the

"Listing Rules").

2. Appointment of Executive Director

The Board further announces that it has resolved to appoint Mr. Yang Guolin ("Mr. Yang") as an Executive Director of the Company with effect from 22 June 2022.

Mr. Yang, aged 47, is currently the Chairman of China Nanshan Development (Group) Incorporation. He is a Senior Engineer and obtained a Doctor's Degree of Science from Chang'an University. He served as the Manager of the transportation infrastructure department of the Company, the Assistant General Manager of Ningbo Changzhen Highway Co., Ltd., the Assistant General Manager of Ningbo Zhenluo Highway Co., Ltd., the Deputy General Manager, Managing Director of Guizhou Jinguan Highway Co., Ltd., the Deputy General Manager, Managing Director of Guizhou Yunguan Highway Co., Ltd., the Deputy General Manager, Managing Director of Guizhou Pantao Highway Co., Ltd., the Deputy General Manager, Managing Director of Guizhou Jinhua Highway Co., Ltd., the Chairman and General Manager of Wenzhou Yongtaiwen Expressway Co., Ltd., the Assistant General Manager and the Deputy General Manager of China Merchants Expressway Network & Technology Holdings Co., Ltd., shares of which are listed on the Shenzhen Stock Exchange, the Deputy Head of Human Resource Department, Executive Deputy Head (Ministerial), Deputy Head of Organization Department of Party Committee and Executive Deputy Head (Ministerial) of China Merchants Group Limited.

As at the date of this announcement, Mr. Yang has an interest in the Company within the meaning of Part XV of the SFO and has personal interest in 212,415 Shares.

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Save as disclosed above, Mr. Yang did not hold any directorship in other listed public companies in the last three years or any position with the Company or other members of the Group. Save as disclosed above, Mr. Yang is independent of and not connected with any Director, senior management or substantial or controlling shareholder of the Company.

There is no employment service contract between the Company and Mr. Yang. However, the Company has entered into an appointment letter with Mr. Yang in relation to his directorship with the Company for a term of three years commencing on 22 June 2022, but subject to re-election at the next following general meeting of the Company pursuant to article 95 of the articles of association of the Company ("Articles of Association"). Thereafter, he will be subject to rotational retirement and re-election requirements at annual general meetings pursuant to the Articles of Association. Mr. Yang will receive an annual salary of HK$1,190,000 and he may also be entitled to mandatory provident fund contribution and discretionary bonus to be determined at the end of each financial year.

Save as disclosed above, the Board is not aware of any other matters relating to the appointment of Mr. Yang as Executive Director of the Company that need to be brought to the attention of the holders of securities of the Company and there is no other information which is required to be disclosed pursuant to Rule 13.51(2) of the Listing Rules.

3. Appointment of Executive Director and Managing Director

The Board further announces that it has resolved to appoint Mr. Xu Song ("Mr. Xu") as an Executive Director of the Company and the Managing Director of the Company with effect from 22 June 2022.

Mr. Xu, aged 50, is the Director, the Chief Operating Officer and General Manager of China Merchants Port Group Co., Ltd., shares of which are listed on the Shenzhen Stock Exchange. He also serves as a director of Liaoning Port Co., Ltd., shares of which are listed on the Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited. He is a Senior Economist, graduated from Huazhong University of Science and Technology majoring in Material Management, and obtained a Bachelor's Degree. He then obtained a Master's Degree from Dongbei University of Finance and Economics majoring in Business Administration, a Master's Degree from Coventry University majoring in International Business, and a PhD from Dalian Maritime University majoring the Transportation Planning and Management. He successively served as the Deputy General Manager of Dalian Portnet Co., Ltd., the Deputy General Manager and the General Manager of Dalian Jifa Logistics Co., Ltd., the General

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Manager and Secretary of the party committee of Dalian Port Container Co., Ltd., the General Manager of Dalian Port North Yellow Sea Port Cooperation Management Company, the General Manager of Dalian Port (PDA) Company Limited (currently known as Liaoning Port Co., Ltd., shares of which are listed on the Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited), Director, the Deputy General Manager, General Manager and Deputy Secretary of the party committee of Dalian Port Corporation Limited, the Deputy General Manager and a member of the party committee of Liaoning Port Group Co., Ltd., the Deputy General Manager of China Merchants Port Group Co., Ltd., shares of which are listed on the Shenzhen Stock Exchange, and other positions.

As at the date of this announcement, Mr. Xu has an interest in the Company's associated corporations within the meaning of Part XV of the SFO and has 240,000 share options which are granted by China Merchants Port Group Co., Ltd..

Save as disclosed above, Mr. Xu did not hold any directorship in other listed public companies in the last three years or any position with the Company or other members of the Group. Save as disclosed above, Mr. Xu is independent of and not connected with any Director, senior management or substantial or controlling shareholder of the Company.

There is no employment service contract between the Company and Mr. Xu. However, the Company has entered into an appointment letter with Mr. Xu in relation to his directorship with the Company for a term of three years commencing on 22 June 2022, but subject to re-election at the next following general meeting of the Company pursuant to article 95 of the Articles of Association. Thereafter, he will be subject to rotational retirement and re-election requirements at annual general meetings pursuant to the Articles of Association. Mr. Xu will receive an annual salary of HK$1,022,600 and he may also be entitled to mandatory provident fund contribution and discretionary bonus to be determined at the end of each financial year.

Save as disclosed above, the Board is not aware of any other matters relating to the appointment of Mr. Xu as Executive Director and Managing Director of the Company that need to be brought to the attention of the holders of securities of the Company and there is no other information which is required to be disclosed pursuant to Rule 13.51(2) of the Listing Rules.

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