The Board of directors of China Merchants Port Holdings Company Limited announced that it has resolved to redesignate Mr. Wang Xiufeng ("Mr. Wang"), an Executive Director of the Company, from the Managing Director of the Company to the Vice Chairman of the Board and the Chief Executive Officer of the Company with effect from 3 November 2021 due to change of work arrangement. Mr. Wang Xiufeng, aged 50, has been appointed as executive director and managing director of the Company since August 2021. He is vice chairman of the board of director and CEO of China Merchants Port Group Co. Ltd., shares of which are listed on the Shenzhen Stock Exchange (the "Shenzhen Stock Exchange"). He is a senior accountant and senior engineer, graduated from Northeast University with a bachelor's degree in industrial accounting, and obtained master's degree in business administration from Tsinghua University. He has served as the chairman of board of director and general manager of China Merchants Expressway Network & Technology Holdings Co. Ltd., shares of which are listed on the Shenzhen Stock Exchange, the chief financial officer of China Merchants Huajian Expressway Investment Co. Ltd., a director of Xingyun Digital Clustering (Beijing) Technology Co. Ltd., the vice chairman of board of director of Shandong Expressway Holdings Co., Ltd, shares of which are listed on the Shanghai Stock Exchange (the "Shanghai Stock Exchange"), a director of Henan Zhongyuan Expressway Holdings Co., Ltd, shares of which are listed on the Shanghai Stock Exchange, a director of Anhui Expressway Company Limited, shares of which are listed on the Shanghai Stock Exchange and the Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), the vice president and a member of Standing Committee of the Party Committee of Metallurgical Corporation of China Ltd., shares of which are listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange, the chairman of board of director and secretary of the party committee of MCC Jingtang Construction Co. Ltd., and the general Manager of MCC 22nd Metallurgical Construction Company. As at the date of this announcement, Mr. Wang Xiufeng does not hold any interest 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). The Board further announces that it has resolved to appoint Mr. Yim Kong as an Executive Director and the Managing Director of the Company with effect from 3 November 2021. Mr. Yim Kong ("Mr. Yim"), aged 49, currently serves as the chief operational officer and general manager of China Merchants Port Group Co. Ltd., which shares are listed on 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. The Board further announces that it has resolved to appoint Mr. Zhang Yiming as the Deputy General Manager of the Company with effect from 3 November 2021. Mr. Zhang Yiming ("Mr. Zhang"), aged 57, joined the Company in 2021. He graduated from Tianjin University with a bachelor's degree in inorganic non-metallic materials engineering and a master's degree in engineering, and subsequently obtained a doctorate degree in management from system analysis and management at Dalian University of Technology. He served as the chairman of the board of director of Dalian Port Corporation Limited and Dalian Port (PDA) Company Limited (now known as Liaoning Port Co. Ltd., shares of which are listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange), the vice general manager of Liaoning Port Group Limited and deputy director of the Dalian Electric Porcelain Factory. He also was appointed as the director's assistant of the Dalian Mechanical & Industrial Department of the Electric Equipment Industrial Management Bureau, the director's assistant and deputy director of the Dalian Economic and Trade Committee of the Dalian Municipal Government, the deputy secretary-general of the People's Government of Dalian Municipality, the mayor of the Liaoning Pulandian Municipal People's Government, the deputy director of the Committee's Management Board of Dalian Puwan New Area, the director (secretary) of the Dalian Economic and Information Technology Committee (Dalian Municipal Small and Medium Enterprises Bureau). The remuneration of Mr. Zhang, as the Deputy General Manager of the Company, will be determined in accordance with applicable laws, regulations and regulatory requirements and with reference to industry market standards and operations of the Company.