The board of directors of Rizhao Port Jurong Co. Ltd. announced that Mr. Zhang Feng has tendered his resignation as the executive Director of the Company on 13 January 2023 due to change in work arrangements to serve as the secretary of Party Committee and manager of Second Harbor Company of Rizhao Port Co., Ltd. Mr. Zhang's resignation as the general manager of the Company is effective on 13 January 2023 and his resignation as the executive Director is effective upon the approval of the shareholders of the Company on the appointment of a new executive Director at a general meeting of the Company. Upon his resignation as the executive Director, Mr. Zhang will cease to be the authorized representative of the Company (the "Authorized Representative") under Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The Board also announce that Mr. Qin Yuning ("Mr. Qin") has been appointed as the deputy general manager of the Company with effect from 13 January 2023. Mr. Qin Yuning, aged 49, has over 17 years in the port industry. From March 2020 to July 2021 and since November 2022, he has served as a member of the party committee and deputy general manager (executive level) of the Company. From July 2021 to November 2022, he served as a member of the party committee and deputy manager of the First Port Branch of Rizhao Port Co., Ltd. From April 2019 to March 2020, he served as a member of the party committee and deputy general manager of Rizhao Port Jurong Company. From August 2010 to April 2019, he served various positions in the Third Port Branch of Rizhao Port Co., Ltd. including member of the party committee and deputy manager, secretary and director of the party branch of the production dispatching center, director of the production
scheduling center and head of the production and business department. From May 2005 to August 2010, he worked in the warehouse team and production and business department of Rizhao Port No. 3 Company. Mr. Qin obtained a bachelor's degree in management specialising in national economic management from Qingdao University.