COSCO SHIPPING International (Singapore) Co., Ltd. announced cessation of Er Kwong Wah as Independent Non-Executive Director, Chairman of Remuneration Committee and a Member of the Audit and Risk Management, Nominating and Strategic Development Committees. Role And Responsibilities: Chairman of the Remuneration Committee Member of the Audit and Risk Management Committee Member of Nominating Committee Member of Strategic Development Committee Other DirectorShips Past: China Essence Group Ltd. China Sky Chemical Fiber Co., Ltd. CFM Holdings Ltd. The Place Holdings Limited GKE Corporation Ltd. ecoWise Holdings Ltd. Chaswood Resources Holding Ltd. Thai Prime Fund Limited Full Apex (Holdings) Limited. Other DirectorShips Present: RHT Legal Training Institute Pte.

Ltd. Luxking Group Holdings Limited. Reason For Cessation: Mr. Er Kwong Wah ("Mr Er") will be stepping down as Independent Non-Executive Director of the Company pursuant to the nine-year tenure limit rule for independent directors. Following Mr. Er's cessation, Mr. Er will cease to be the Chairman of the Remuneration Committee and a Member of the Audit and Risk Management Committee, Nominating Committee and Strategic Development Committee.