The Board further announced that it has resolved to appoint Mr. Tu Xiaoping ("Mr. Tu") and Mr. Lu Yongxin ("Mr. Lu") as Executive Directors of the Company with effect from 8 December 2022. Mr. Tu, aged 57, joined the Company in 2021 and currently serves as Chief Financial Officer of the Company and a director of various subsidiaries of the Company. He obtained a Bachelor's degree in financial accounting of water economics from the Shanghai Maritime University, and subsequently received a Master's degree in Investment Management from Zhongnan University of Economics and Law. Mr. Tu has over 30 years of working experiences in enterprise and financial management. Before joining the Company, he served as the General Manager of China Yangtze Shipping Group Co. Ltd., Vice General Manager and Chief Finance Officer of China Merchants Logistics Group Co. Ltd., General Manager of Finance Department of China Merchants Shekou Industrial Zone Co. Ltd. and Vice General Manager and Chief Finance Officer of China Merchants Venture Co. Ltd. Mr. Lu, aged 52, joined the Company in 2007 and currently serves as Deputy General Manager of the Company and a director of various subsidiaries of the Company. He obtained a Master's degree in Project Management from the Curtin University of Technology. Mr. Lu has extensive managerial experience in the international portfolio expansion activities of port companies. Prior to joining the Company, he served as Assistant General Manager of Zhen Hua Engineering Co. Ltd. and Deputy General Manager (in charge) of the General Manager's Office at China Harbor Engineering Co. Ltd. (Beijing). Before his current role in the Company, he was
Deputy General Manager of the Research & Development Division, General Manager of the International Division and Assistant General Manager of the Company. Between May 2014 and January 2016, Mr. Lu was seconded to France as Chief Financial Officer and Senior Vice President of Terminal Link SAS, an associate of the Company. The Board further announces that it has resolved to appoint Mr. Chan Hiu Fung Nicholas ("Mr. Chan") as an Independent Non-Executive Director of the Company with effect from 8 December 2022. The Board further announces that the Board has approved the change in composition of the Audit Committee, Nomination Committee and Remuneration Committee with effect from 8 December 2022, 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, Mr. Kut Ying Hay 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 Mr. Kut Ying Hay 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, Mr. Kut Ying Hay and Mr. Li Ka Fai David with Mr. Chan Hiu Fung Nicholas serving as the chairman of the Remuneration Committee. The Board also announces that Mr. Wang Xiufeng, Mr. Yim, Mr. Xu Song and Ms. Wong Pui Wah have been appointed as the members of the ESG Committee, and Mr. Deng Renjie has been appointed as the chairman of the ESG Committee with effect from 8 December 2022.