The board of directors of China Merchants Port Holdings Company Limited announced that Mr. Liu Weiwu and Mr. Deng Weidong have tendered their resignations as Non-executive Directors of the Company with effect from 8 December 2022 due to change of work arrangement. The Board further announces that Mr. Lee Yip Wah Peter has tendered his resignation as an Independent Non-executive Director of the Company with effect from 8 December 2022 due to retirement. Accordingly, with effect from 8 December 2022, Mr. Lee Yip Wah Peter will also cease to be a member and the chairman of the audit committee of the Company, a member of the nomination committee of the Company and a member of the remuneration committee of the Company. The Board further announced that it has resolved to redesignate Mr. Yim Kong ("Mr. Yim") and Mr. Yang Guolin ("Mr. Yang") from Executive Directors of the Company to Non-Executive Directors of the Company (the "Redesignation") with effect from 8 December 2022 due to a reallocation of responsibilities amongst the Company's management. Mr. Yim will remain as the Vice Chairman of the Board. Mr. Yim, aged 50, currently serves as the Vice Chairman of China Merchants Port Group Co. Ltd. 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. 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 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, a member of Election Committee of the Hong Kong Special Administrative Region and a 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 the Logistics Services Advisory Committee of the Hong Kong Trade Development Council. He was appointed to the Board of Directors as Executive Director and Managing Director of the Company on 3 November 2021 and was then re-designated as Vice Chairman of the Board of Directors on 22 June 2022. In respect of the Redesignation, Mr. Yim has entered into a new appointment letter with the Company, to replace the existing appointment letter between himself and the Company, for a term commencing from 8 December 2022 to 2 November 2024, subject to retirement by rotation and re-election at an annual general meeting of the Company in accordance with the articles of association of the Company. Mr. Yang, aged 47, is currently the Chairman of China Nanshan Development (Group) Incorporation and a director of various subsidiaries of the Company. 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., 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. He was appointed to the Board as Executive Director of the Company on 22 June 2022.