The Board of Directors of COSCO Shipping International (Singapore) Co., Ltd. announced changes with effect from 13 November 2019. Resignation of Gu Jingsong as a Non-Independent Executive Director of the Company. Consequent to his resignation, Gu Jingsong shall also cease to be Chairman of the Board, Chairman of the Strategic Development Committee and a member of the Nominating Committee. Appointment of Zhu Jiandong as Chairman of the Board. Zhu Jiandong will also be appointed as Chairman of the Strategic Development Committee and a member of the Nominating Committee.