The board of directors of Qingdao Port International Co., Ltd. announced on 15 August 2018, it received a letter of resignation from Mr. MA Baoliang (Mr. Ma) and pursuant to which, Mr. Ma resigned as an employee representative director of the company due to reaching the retirement age. On the same day, Mr. CHU Xiaozhong (Mr. Chu) was elected as the employee representative director at the joint meeting of employee representative meeting of the company. Mr. Chu Xiaozhong currently serves as secretary of the Party Committee of Qingdao Jiangang Command, member of the Party Committee, secretary of the Party Committee of Intra-Organizational Department, secretary of the Discipline Inspection Committee of Intra-Organizational Department, and chairman of the Labor Union of Intra-Organizational department of the company. The supervisory committee of the company announced that on 15 August 2018, it received a letter of resignation from each of Ms. XUE Qingxia (Ms. Xue) and Ms. LIU Yuping (Ms. Liu), pursuant to which, Ms. Xue resigned as an employee representative supervisor of the company due to reaching the retirement age and Ms. Liu resigned as an Employee Representative Supervisor due to changes in work arrangements. On the same day, Mr. LIU Shuiguo (Mr. Liu) and Ms. WANG Xiaoyan (Ms. Wang) were elected as the Employee Representative Supervisors at the Employee Representative Meeting. The terms of office of each of Mr. Liu and Ms. Wang as the Employee Representative Supervisor will take effect from 15 August 2018 and end on the date of the expiration of the Supervisory Committee of the second session. Mr. LIU Shuiguo, currently serves as deputy director of legal department member of the Party Committee of Intra-Organizational Department and vice chairman of Labor Union of Intra-Organizational Department of the Company, and he currently also serves as director of Qingdao Qianwan Container Terminal Co., Ltd., supervisor of Qingdao Port Financial Holdings Co., Ltd., director of Qingdao Shihua Crude Oil Terminal Co., Ltd., director of Datang Qingdao Port Co., Ltd. and director of Qingdao Port Dongjiakou General Terminal Co., Ltd. Ms. WANG Xiaoyan, currently serves as director of general office of the Labor Union and deputy director of Female Worker Committee of both the company and Qingdao Port (Group) Co., Ltd. The board also announced with effect from 15 August 2018, Ms. LAI Siu Kuen has resigned as the company's joint company secretary due to change in work arrangement.