The board of directors of China Merchants Port Holdings Company Limited announced that Mr. Kut Ying Hay has tendered his resignation as an Independent Non-Executive Director of the Company with effect from 21 March 2023 due to retirement. Accordingly, with effect from 21 March 2023, Mr. Kut will also cease to be a member and the chairman of the nomination committee of the Company, a member of the audit committee of the Company and a member of the remuneration committee of the Company. The Board further announced that it has resolved to appoint Ms. Chan Yuen Sau Kelly as an Independent Non-Executive Director of the Company with effect from 21 March 2023.

Ms. Chan, aged 52, JP, is currently the managing director of Peony Consulting Services Limited. Ms. Chan obtained a bachelor's degree in accountancy from the City Polytechnic of Hong Kong (currently known as City University of Hong Kong) in November 1992. She is a fellow member of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants ("ACCA") and the Hong Kong Institute of Directors.

She has around 30 years of experience in auditing and accounting. From July 1992 to September 2001, Ms. Chan served at Deloitte Touche Tohmatsu and was responsible for provision of auditing and management advisory services to listed companies. From October 2001 to August 2007, Ms. Chan was a director and financial controller of Heineken Hong Kong Limited.

From August 2007 to October 2018, Ms. Chan served at Moet Hennessy Diageo Hong Kong Limited with the last position as the finance director. Ms. Chan was the president of ACCA Hong Kong from 2008 to 2009 and was the president of the Association of Women Accountants (Hong Kong) from September 2020 to September 2021. She is currently the member of the Board of the Association of Women Accountants (Hong Kong) and the vice-chairman of Shenzhen Hong Kong Macau Women Directors Alliance.

In October 2020, Ms. Chan was appointed as a Justice of the Peace by the HKSAR Government in recognition of her remarkable public services and contribution to the community. In March 2022, Ms. Chan was awarded with ACCA's Advocacy Award 2021 for the China region in recognition of her relentless support for the accountancy profession. Ms. Chan is currently an independent non-executive director of Aluminum Corporation of China Limited, the H shares of which are listed on the Stock Exchange and the A shares of which are listed on the Shanghai Stock Exchange, and an independent non-executive director of Morimatsu International Holdings Company Limited, shares of which are listed on the Stock Exchange.

The Board further announces that the Board has approved the change in composition of the Audit Committee, the Nomination Committee and the Remuneration Committee with effect from 21 March 2023, details of which are as follows: The Audit Committee shall consist of five members, namely Mr. Bong Shu Ying Francis, Mr. Chan Hiu Fung Nicholas, Ms. Chan and Ms. Wong Pui Wah with Mr. Li Ka Fai David serving as the chairman of the Audit Committee. The Nomination Committee shall consist of five members, namely Mr. Wang Xiufeng, Mr. Bong Shu Ying Francis, Mr. Chan Hiu Fung Nicholas and Ms. Wong Pui Wah with Ms. Chan serving as the chairman of the Nomination Committee. The Remuneration Committee shall consist of five members, namely Mr. Xu Song, Mr. Bong Shu Ying Francis, Ms. Chan and Mr. Li Ka Fai David with Mr. Chan Hiu Fung Nicholas serving as the chairman of the Remuneration Committee.