The board of Directors of COSCO SHIPPING International (Singapore) Co., Ltd. announced the resignation of Mr. Wang Kangtian as the CRO of the Company effective from December 22, 2022 pursuant to the established policy of rotating key management talents by China COSCO SHIPPING Corporation Limited among its business units. In the interim, Mr. Liu Wenyong, the General Manager of the Finance Division of the Company, will temporarily manage the daily work of the financial and risk management functions of the Company. For significant issues, the Company's senior management will discuss and make collective decisions.

The Company, together with its parent, China COSCO SHIPPING Corporation Limited, is in the process of recommending a suitable replacement, and will make an announcement as soon as a permanent CRO is appointed.