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).