The board of directors of Tianjin Port Development Holdings Limited announced that Ms. Zhang Lili has resigned as Executive Director and Chairman of the Company with effect from 22 April 2016 due to job change. Ms. Zhang confirmed that she has no disagreement with the Board and there are no other matters relating to her resignation that need to be brought to the attention of the shareholders of the Company. The Board further announced that Mr. Zhang Ruigang has been appointed as Executive Director and Chairman of the Company with effect from 22 April 2016.

Mr. Zhang, aged 53, postgraduate qualification, doctorate degree in economics, certified public accountant (non-practising). In the period between March 1992 and March 2016, Mr. Zhang had served as deputy chief of general office, chief of general office, assistant to director and deputy director of Tianjin Economic-Technological Development Area Audit Bureau, deputy manager and manager of Planning and Finance Department of TEDA Corporation, the director of TEDA Financial Bureau and the director of TEDA State-owned Assets Administration Bureau, deputy director of TEDA Administrative Committee, deputy director of Tianjin Binhai New Area Administrative Committee and first deputy head of the People's Government of TBNA. Mr. Zhang has been appointed as the chairman of Tianjin Port (Group) Co.

Ltd. in March 2016.