The board of Directors of COSCO SHIPPING Ports Limited announced the appointment of Mr. YANG Zhijian as an Executive Director and the Chairman of the Board of the Company, the authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, an agent of the Company for the service of process in Hong Kong, and the Chairman of the Executive Committee and the Investment and Strategic Planning Committee, and a member of the Nomination Committee, the Remuneration Committee and the Environmental, Social and Governance Committee of the Company under the Board, all with effect from 10 May 2022. Pursuant to the letter of appointment entered between the Company and Mr. YANG, Mr. YANG was appointed as an Executive Director and the Chairman of the Board for a term of three years commencing on 10 May 2022. The letter of appointment is terminable by either party giving to the other party not less than three months' notice in writing.

Mr. YANG has over 30 years of experience in the maritime industry and has extensive experience in container shipping, logistics and bulk shipping.