The board of directors of COSCO SHIPPING International (Hong Kong) Co., Ltd. (the Company) announced that with effect from 19th May 2020, Mr. Ma Jianhua, non-executive director of the Company, has been re-designated from non-executive director to executive director of the Company due to change of work designation, and also has been appointed as the member of strategic development committee and risk management committee of the Company. On the same day, Mr. Liu Gang (Mr. Liu), executive director of the Company, has resigned as executive director of the Company due to his retirement. Accordingly, Mr. Liu ceased to be the member of strategic development committee and risk management committee of the Company. Mr. Ma Jianhua (Mr. Ma), aged 57, before the re-designation, has been the Non-executive Director since October 2018. He is also Deputy General Manager of the Company and director and vice president of COSCO SHIPPING (Hong Kong) Co., Limited. Mr. Ma was the non-executive director of COSCO SHIPPING Holdings Co., Ltd. until his resignation in July 2018. He was also the deputy head of the human resources and labor department and the research officer of the Ministry of Transport of the People's Republic of China, the deputy party secretary and the leader of the discipline inspection team of Shenzhen Maritime Safety Administration, the deputy director of the general office and the deputy secretary of Chongqing municipality of the People's Republic of China, the party secretary and the deputy general manager of COSCO Logistics Co., Ltd., the party secretary and the deputy general manager of COSCO Shipbuilding Industry Company Limited, the supervisor, party secretary and deputy general manager of COSCO SHIPPING Holdings Co., Ltd. Mr. Ma has extensive experience in transportation and logistics management, human resources management and modern corporate governance, etc. Mr. Ma graduated from the Party School of the Central Committee of the Communist Party of China majoring in economics and management and is a senior engineer.