The Board of Directors of COSCO SHIPPING International (Singapore) Co., Ltd. announce that following changes to the composition of the Board and Board Committees: Dr. Chen Seow Phun, John ("Dr John Chen") will be appointed as an Independent Non- Executive Director of the Company with effect from 1 July 2023. Following his appointment, Dr. John Chen will also be appointed as a member of the Audit and Risk Maagement Committee, Nominating Committee, Remuneration Committee and Strategic Development Committee. Dr. Chen Seow Phun, John will be appointed as the Chairman of the Remuneration Committee with effect from 15 July 2023.