The board of directors (the "Director(s)") of Tianjin Port Development Holdings Limited announced that Mr. Cheng Chi Pang, Leslie ("Mr. Cheng") has informed the Company that, as he would like to devote more time to his personal endeavors, he will not seek re-election as a director of the Company at the forthcoming annual general meeting of the Company to be held in 2024 (the "2024 AGM") and he will retire as an independent non-executive Director
with effect from the conclusion of the 2024 AGM. The Board further announces that following the retirement of Mr. Cheng, Ms. Luo Laura Ying will succeed Mr. Cheng's role and be appointed to as the chairman of the audit committee of the Company (the "Audit Committee") and a member of the nomination committee of the Company (the "Nomination Committee") with effect from the conclusion of the 2024 AGM.