The Board of China Merchants Port Holdings Company Limited announced that it has resolved to appoint Mr. Lu Yongxin as the Managing Director of the Company with effect from 24 July 2023. Mr. Lu remains as an Executive Director of the Company. Mr. Lu, aged 53, joined the Company in 2007 and currently serves as the Chief Operating Officer and the 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 various subsidiaries of the Company. He obtained a Master's degree in Project Management from the Curtin University of Technology in Australia.

Mr. Lu has extensive managerial experience in the international portfolio expansion activities of port companies. Prior to joining the Company, he served as the Assistant General Manager of Zhen Hua Engineering Co. Ltd. and the Deputy General Manager (in charge) of the General Manager's Office at China Harbor Engineering Co.

Ltd. Before his current role in the Company, he was the Deputy General Manager of the Research & Development Division, the General Manager of the International Division, the Assistant General Manager and the Deputy General Manager of the Company and the Deputy General Manager of China Merchants Port Group Co. Ltd., shares of which are listed on the Shenzhen Stock Exchange. Between May 2014 and January 2016, Mr. Lu was seconded to France as the Chief Financial Officer and the Senior Vice President of Terminal Link SAS, an associate of the Company.

The Board further announces that the Board has approved the change in composition of the audit committee of the Company (the "Audit Committee"), the Nomination Committee, the Remuneration Committee and the ESG Committee with effect from 24 July 2023, details of which are as follows: (1) The Audit Committee shall consist of five members, namely Mr. Chan Hiu Fung Nicholas, Ms. Chan Yuen Sau Kelly, Mr. Wong and Ms. Wong Pui Wah with Mr. Li Ka Fai David serving as the chairman of the Audit Committee. (2) The Nomination Committee shall consist of five members, namely Mr. Xu, Mr. Chan Hiu Fung Nicholas, Mr. Wong and Ms. Wong Pui Wah with Ms. Chan Yuen Sau Kelly serving as the chairman of the Nomination Committee. (3) The Remuneration Committee shall consist of five members, namely Mr. Tu Xiaoping, Ms. Chan Yuen Sau Kelly, Mr. Li Ka Fai David and Mr. Wong with Mr. Chan Hiu Fung Nicholas serving as the chairman of the Remuneration Committee.

(4) The ESG Committee shall consist of five members, namely Mr. Xu, Mr. Yim Kong, Mr. Lu and Ms. Wong Pui Wah with Mr. Feng serving as the chairman of the ESG Committee.