The board of directors of COSCO SHIPPING International (Hong Kong) Co., Ltd. announced that with effect from 30 October 2018, Mr. Ren Yongqiang has resigned as non-executive director of the company due to change of work designation. On the same day, Mr. Ma Jianhua has been appointed as non-executive director of the company. Mr. Ren has confirmed that there was no disagreement with the Board and there was no other matter regarding his resignation that would need to be brought to the attention of the shareholders of the Company. The Board welcomed Mr. Ma Jianhua to join the Board. He is currently deputy general manager of the company and director and vice president of the company Mr. Ma was the non-executive director of 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 PRC, 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 PRC, the party secretary and the deputy general manager of, the party secretary and the deputy general manager of, the supervisor, party secretary and deputy general manager of. Mr. Ma has extensive experience in transportation and logistics management, human resources management and modern corporate governance, etc. Mr. Ma has not held any directorship in other listed public companies whether in Hong Kong or overseas in the past three years preceding the date of appointment.