The board of directors of COSCO SHIPPING Holdings Co., Ltd. announces the resignation of Mr. Zhang Mingwen as the Chief Financial Officer of the Company and the appointment of Ms. Zheng Qi as the Chief Financial Officer of the Company with effect from 16 June 2022. Mr. Zhang Mingwen resigned as the Chief Financial Officer of the Company due to change in work arrangements with immediate effect from the date of the resignation letter. Pursuant to the Resignation, Mr. Zhang will not hold any position in the Company, Orient Overseas (International) Limited (a holding subsidiary of
the Company), and other subsidiaries of the Company. Ms. Zheng Qi, aged 52, is currently the Chief Financial Officer of COSCO SHIPPING Lines Co., Ltd., she had served as the deputy manager, manager, deputy Chief Financial Officer and Chief Financial Officer of COSCO Shanghai International Freight Co., Ltd., and as the deputy general manager and general manager of the finance department of COSCO Container Lines Co., Ltd. Ms. Zheng holds a Master's degree in business administration from Shanghai Maritime University and is a Senior Accountant.