The Board of Directors of COSCO SHIPPING International (Singapore) Co., Ltd. announced the following changes to the composition of the Board and Board Committees: Appointment of Independent Non-Executive Director - Mr. Hoon Tai Meng. Mr. Hoon Tai Meng will be appointed as an Independent Non-Executive Director of the Company with effect from 1 September 2023. Following his appointment, Mr. Hoon will also be appointed as a member of the Audit and Risk Management Committee, Nominating Committee, Remuneration Committee and Strategic Development Committee.

Resignation of Independent Non-Executive Director - Mr. Ang Swee Tian. Mr. Ang Swee Tian will resign as the Lead Independent Non-Executive Director of the Company with effect from 15 September 2023. Following his resignation, Mr. Ang Swee Tian will cease to be the Chairman of the Audit and Risk Management Committee and a member of the Remuneration Committee, Nominating Committee and Strategic Development Committee.

Appointment of Lead Independent Director and Chairman of the Audit and Risk Management Committee ­ Mr. Lim Lee Meng. Mr. Lim Lee Meng will be appointed as the Lead Independent Non-Executive Director and Chairman of the Audit and Risk Management Committee of the Company with effect from 15 September 2023. Appointment of Chairman of the Nominating Committee - Mr. Hoon Tai Meng.

Mr. Hoon Tai Meng will be appointed as the Chairman of the Nominating Committee with effect from 15 September 2023. Following the above changes, the composition of the Board and Board Committees of the Company shall be as follows with effect from 15 September 2023: Board of Directors: Mr. Zhu Jian Dong, Chairman, President and Non-Independent Executive Director; Mr. Guo Huawei, Non-Independent Non-Executive Director; Mr. Lim Lee Meng, Lead Independent Non-Executive Director; Dr John Chen Seow Phun, Independent Non-Executive Director; and Mr. Hoon Tai Meng, Independent Non-Executive Director. Audit and Risk Management Committee: Mr. Lim Lee Meng ?

Chairman; Mr. Hoon Tai Meng; and Dr John Chen Seow Phun. Nominating Committee: Mr. Hoon Tai Meng ? Chairman; Mr. Zhu Jian Dong; Mr. Lim Lee Meng; and Dr John Chen Seow Phun.

Remuneration Committee: Dr John Chen Seow Phun ? Chairman; Mr. Lim Lee Meng; and Mr. Hoon Tai Meng. Strategic Development Committee: Mr. Zhu Jian Dong ?

Chairman; Mr. Guo Huawei; Mr. Lim Lee Meng; Dr John Chen Seow Phun; and Mr. Hoon Tai Meng.