The board of directors of Chu Kong Shipping Enterprises (Group) Company Limited announced the followings: Upon review and recommendation by the nomination committee of the Company, the Board has resolved to appoint Mr. Liu Guanghui ("Mr. Liu") as an executive director of the Company and the chairman of the Board with effect from 27 August 2021. Mr. Liu has been appointed as the chairman of nomination committee, a member of remuneration committee and executive committee at the same date. Mr. Liu joined the shipping industry in 1991 and began to engage in shipping and tourism management related works. He was successively appointed as deputy general manager and general manager of Guangdong Zhujiang International Travel Services Co. Ltd. from July 2000 to December 2006, appointed as the general manager of Blue Dolphin Cruises Branch of Guangdong Zhujiang Shipping Co. Ltd. and Guangdong Zhujiang International Travel Services Co. Ltd. from January 2007 to January 2009, the director and deput y general manager of Guangdong Zhujiang Shipping Co. Ltd., the general manager of Blue Dolphin Cruises Branch of Guangdong Zhujiang Shipping Co. Ltd. and Guangdong Zhujiang International Travel Services Co. Ltd. and the chairman of Guangdong Zhuhang Tourism Automobile Co. Ltd. from January 2009 to December 2010, the general manager of Guangdong Zhujiang Shipping Co. Ltd. from January 2011 to May 2012, the chairman of Guangdong Zhujiang Shipping Co. Ltd. from June 2012 to April 2014, the chairman of Guangdong Zhujiang Shipping Co. Ltd. and Guangdong Zhanjiang Shipping Group Co. Ltd. from May 2014 to October 2014, the chairman of Guangdong Zhanjiang Shipping Group Co. Ltd. from October 2014 to August 2021. He is currently the director of Chu Kong Shipping Enterprises (Holdings) Co. Ltd. and chairman of Guangdong Chu Kong Shipping Co. Ltd. Mr. Liu has more than 30 years of experience in operation and administration management in the navigation and tourism industries. Mr. Huang Liezhang ("Mr. Huang") has resigned as the executive director of the Company and the chairman of the Board as well as the chairman of nomination committee, the member of remuneration committee and executive committee with effect from 27 August 2021 as he will work for another company.