COSCO SHIPPING Ports Limited announced the appointment of Mr. CHEN Yipeng ("Mr. CHEN") as the Deputy General Manager of the Company and Mr. ZHAO Fengnian ("Mr. ZHAO") as the Chief Accountant of the Company with effect from 28 June 2022. Details of Mr. CHEN and Mr. ZHAO's biographical information are set out below: Mr. CHEN Yipeng, aged 53, before serving as the Deputy General Manager of the Company, had been an Executive Assistant to Managing Director of the Company since April 2021. Mr. CHEN served as managing director of Xiamen Ocean Gate Container Terminal Co.

Ltd. (a subsidiary of the Company), deputy general manager of Shanghai Ocean Industry Corporation, deputy general manager of the Asia-Pacific Trade Division of COSCO Container Lines Co. Ltd. (now known as COSCO SHIPPING Lines Co. Ltd.), marketing director of COSCO Xiamen International Freight Co.

Ltd., and second officer of Shanghai Ocean Shipping Co. Ltd., etc. Mr. CHEN has over 30 years of solid work experience in the shipping and port industry and has extensive experience in container transportation and marketing management, terminal operation management and Smart Port development.

Mr. CHEN graduated from Navigation College of Jimei University with Marine Navigation major and holds a Master of Business Administration degree from Xiamen University. He is a senior economist. Mr. ZHAO Fengnian, aged 49, joined the COSCO group in 1995.

He had been section manager of the Accounting Section of the Finance Department of Qingdao Ocean Shipping Co. Ltd. (now known as COSCO SHIPPING (Qingdao) Co. Ltd.), chief financial officer of COSCO Africa Co.

Ltd. (now known as COSCO SHIPPING (Africa) Co. Ltd.), deputy manager (person-in-charge) of the Fund Management Office of the Finance Department of China Ocean Shipping (Group) Company (now known as China Ocean Shipping Co. Ltd.)/China COSCO Holdings Company Limited (now known as COSCO SHIPPING Holdings Co.

Ltd.), senior manager of the Fund Management Office of the Financial Management Department of China COSCO SHIPPING Corporation Limited. Mr. ZHAO has over 20 years of solid work experience in the shipping industry and has extensive experience in financial accounting, fund management, business financing, etc. Mr. ZHAO graduated from Central Institute of Finance and Banking (now known as Central University of Finance and Economics), majoring in National Economic Management.

He is a senior accountant.