The Board of Directors of Pacific Basin Shipping Limited announced the appointment of Mr. John Mackay McCulloch Williamson as an Independent Non- executive Director of the company with effect from 2 November 2020. Mr. Williamson, aged 61, has been an Independent Non-executive Director on the board of Hong Kong Exchanges and Clearing Limited since 2008 where he is currently chairman of the board risk committee and a member of the board executive, audit, corporate social responsibility, remuneration, and risk management committees. Mr. Williamson previously served as a member of HKEX's nomination committee, investment advisory committee and clearing consultative panel. On 1 September 2020, he joined the board of UK Tote Group Limited as non-executive chairman. Mr. Williamson has entered into a service agreement with the company under which he is appointed for a period of three years commencing on 2 November 2020, subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the Bye-laws of the company.