The board of directors of Qingdao Port International Co., Ltd. hereby announced that due to the adjustment of work arrangements, Mr. XUE Baolong tendered his resignation letter to the Board on 28 March 2024 to the effect that Mr. XUE Baolong would resign as a non-executive director of the Company and a member of the strategy and development committee of the Board. The resignation letter of Mr. XUE Baolong took effect upon the delivery to the Board. Mr. XUE Baolong no longer holds any positions in the Company after his resignation from the above positions.

Mr. XUE Baolong has confirmed that he has no disagreement with the Board and does not have any matters in relation to his resignation that should be brought to the attention of the shareholders of the Company. The supervisory committee of the Company hereby announces that due to the adjustment of work arrangements, Mr. XIE Chunhu tendered his resignation letter to the Supervisory Committee on 28 March 2024 to the effect that Mr. XIE Chunhu would resign as a supervisor of the Company and the chairman of the Supervisory Committee. The resignation letter of Mr. XIE Chunhu took effect upon the delivery to the Supervisory Committee.

Mr. XIE Chunhu no longer holds any positions in the Company after his resignation from the above positions. Mr. XIE Chunhu has confirmed that he has no disagreement with the Supervisory Committee and does not have any matters in relation to his resignation that should be brought to the attention of the Shareholders. Mr. XIE Chunhu has also confirmed that he does not have any action or claim, existing or pending, against the Company.

As of the date of this announcement, Mr. XIE Chunhu does not hold any shares or other marketable securities related to the Company.