The board of directors of CSSC (Hong Kong) Shipping Company Limited announces that, with effect from 29 September 2021, Mr. Bao Weidong ("Mr. Bao") will retire from his position as the deputy general manager of the Company as he has reached the PRC statutory retirement age. The Company will appoint a suitable successor to take up the relevant position as soon as possible. Mr. Bao confirmed that he has no disagreement with the Board and there was no matter relating to his retirement that needed to be brought to the attention of the shareholders of the Company.