The supervisory committee of Qingdao Port International Co., Ltd. announced that due to his age, Mr. ZHANG Qingcai tendered his resignation letter to the Supervisory Committee on 5 December 2022 to the effect that Mr. ZHANG Qingcai will resign as a supervisor of the Company (the "Supervisor") and the chairman of the Supervisory Committee. The resignation letter of Mr. ZHANG Qingcai took effect upon the delivery to the Supervisory Committee. Mr. ZHANG Qingcai will no longer hold any position in the Company after his resignation from the above positions.

Mr. ZHANG Qingcai has confirmed that he has no disagreement with the Supervisory Committee, and there is no matter in relation to his resignation which needs to be brought to the attention of the shareholders of the Company (the "Shareholders"). Mr. ZHANG Qingcai has also confirmed that he does not have any action or claim, existing or pending, against the Company. As at the date of this announcement, Mr. ZHANG Qingcai does not hold any shares and other marketable securities related to the Company.

On the same date, the Supervisory Committee approved the resolution in relation to the election of Mr. XIE Chunhu as the chairman of the Supervisory Committee in the fourth session.