The Board of Directors of Qinhuangdao Port Co., Ltd. announced that due to the adjustment of his career commitments, Mr. Meng Bo ("Mr. Meng") has resigned as a supervisor and the chairman of the supervisory committee (the "Supervisory Committee") of the Company with effect from 31 March 2023. Mr. Meng has confirmed that he has no disagreement with the Board and the Supervisory Committee during his term of office and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. Due to the adjustment of their career commitments, Mr. Yang Jun ("Mr. Yang") and Mr. Zhou Chengtao ("Mr. Zhou") have resigned as employee representative supervisors of the Company with effect from 31 March 2023, respectively.

Each of Mr. Yang and Mr. Zhou has confirmed that he has no disagreement with the Board and the Supervisory Committee during his term of office and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board announced that each of Mr. Li Yufeng ("Mr. Li") and Mr. Pei Baowen ("Mr. Pei") has been elected as an employee representative supervisor at the joint meeting of the employee representative congress of the Company held on March 31, 2023. Mr. Li Yufeng, male, Han nationality, born in November 1968, a member of the Communist Party of China and started working in July 1990.

He holds a bachelor's degree and is a senior political worker. He currently serves as the head of the Party Committee Work Department, Publicity Office and People's Armed Forces Department of Qinhuangdao Port Co., Ltd., and the executive vice chairman of the labor union of Qinhuangdao Port Co., Ltd. He served as a probationer of the material division, the cadre of the Party Committee organization department (cadre division) and the deputy chief of the cadre allocation section of the Qinhuangdao Port Authority, and the chief of the cadre allocation section of the Party Committee organization department (cadre division) of Qinhuangdao Port Group Co., Ltd. the deputy director and the deputy division chief of the cadre division of the Party Committee organization department of Qinhuangdao Port Group Co., Ltd. in July 2005; the manager and the deputy party secretary of the communications and information engineering branch and the manager of the measurement and testing branch of Hebei Port Group Co., Ltd., and the director, chairman and the party branch secretary of Qinhuangdao Port Gangli Elevator Co., Ltd. in August 2018; the party secretary, the deputy manager and the chairman of the labor union of the communications and information engineering branch and the manager of the measurement and testing branch of Hebei Port Group Co., Ltd. in August 2019; the party secretary, the deputy manager, and the chairman of the labor union of the communications and information engineering branch of Hebei Port Group Co., Ltd., and the party secretary, the deputy manager and the chairman of the labor union of the water heating supply branch and the manager of the measurement and testing branch of Hebei Port Group Co., Ltd. in October 2020; a full-time director of Qinhuangdao Fangyu Property Services Management Co., Ltd. in April 2021; and a full-time director of Qinhuangdao Fangyu Property Services Management Co., Ltd. and Hebei Port Group City Construction and Development Co., Ltd. in January 2022. He has been in his current position since November 2022.

Mr. Pei Baowen, male, Han nationality, born in November 1969, a member of the Communist Party of China and started working in October 1990. He holds a bachelor's degree and is an accountant. He currently serves as the head of the audit department of Qinhuangdao Port Co., Ltd. He served as the cadre of the industrial section of Qinhuangdao Statistics Bureau, the cadre of the audit department of the Qinhuangdao Port Authority, the cadre of the audit department, the deputy chief and the chief of the finance audit section of Qinhuangdao Port Group Co., Ltd., and the head of the finance department of Cangzhou Bohai Port Co., Ltd. the director and the deputy general manager of Cangzhou Huanghuagang Steel Logistics Co., Ltd. in May 2012; the deputy general manager of Cangzhou Huanghuagang Mineral Port Co., Ltd. in November 2013; the deputy general manager of Cangzhou Huanghuagang Mineral Port Co., Ltd. and the deputy general manager of Cangzhou Bohai Port Co., Ltd. in January 2017; and the deputy general manager of Cangzhou Huanghuagang Mineral Port Co., Ltd. in March 2021.

He has been in his current position since November 2022. The term of office of each of Mr. Li and Mr. Pei will commence from 31 March 2023 and end upon the expiry of the current term of the Supervisory Committee. Pursuant to the articles of association of the Company, the Company is not required to submit their appointments to the general meeting for consideration and approval.

Both Mr. Li and Mr. Pei will not receive any remuneration from the Company for serving as employee representative supervisors.