The board of directors of Rizhao Port Jurong Co., Ltd. Announced that on 28 March 2024, Mr. Cui Liang has tendered his resignation as the non-executive Director and the chairman of the Board due to change in work arrangements, with effect from the approval of the shareholders of the Company on the appointment of a new non-executive Director at a general meeting of the Company. Upon his resignation as the non-executive Director, Mr. Cui will cease to be the chairman of the nomination committee of the Company. On 28 March 2024, Mr. Qin Yuning has also tendered his resignation as the executive Director of Company due to change in work arrangements.

Mr. Qin's resignation as the general manager of the Company is effective on 28 March 2024 and his resignation as the executive Director is effective upon the approval of the Shareholders on the appointment of a new executive Director at a general meeting of the Company. Upon his resignation as the executive Director, Mr. Qin will cease to be the authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). On 28 March 2024, Mr. Chen Lei has also tendered his resignation as the non-executive Director due to change in work arrangements, with effect from the approval of the Shareholders on the appointment of a new non-executive Director at a general meeting of the Company.

Upon his resignation as the non-executive Director, Mr. Chen Lei will cease to be the member of the audit committee of the Company. The Board further announces that Mr. Yang Juntian tendered his resignation as the deputy general manager of the Company due to change in work arrangements, with effect from 28 March 2024. The Board announced that Mr. Chen Zhou has been appointed as the deputy general manager of the Company with effect from 28 March 2024.

Mr. Chen Zhou, aged 52, graduated from the English language department of Sichuan Foreign Languages Institute with a major in English and is an engineer. Mr. Chen Zhou joined Rizhao Port Group in November 1994, and has 30 years of experience in port management. From May 2008 to August 2022, he served various positions in Rizhao Port Lanshan Port Company Limited, including the assistant to the manager, secretary and director of the party branch of the production scheduling center, deputy director of the safety production department and deputy manager of Rizhao Port Lanshan Port Machinery Company Limited.

He successively served as a member of the party branch and deputy manager of Shandong Port Rizhao Port Shangang Terminal Co., Ltd., and the assistant to the manager of Rizhao Port Lanshan Port Company Limited from August 2022 to November 2022; the deputy manager and safety director of Rizhao Port Lanshan Port Company Limited from November 2022 to July 2023; a member of the party committee, deputy manager and safety director of Rizhao Port Lanshan Port Company Limited from July 2023 to October 2023; and currently serves as a member of the party committee, deputy manager (in charge) and safety director of the Company.