Tianjin Port Development Holdings Limited announced that with effect from 29 August 2023, Dr. Li Xiaoguang has resigned as an executive Director, and Mr. Teng Fei has been appointed as an executive Director. Mr. Teng, aged 45, a senior engineer, graduated from Tianjin University with a Master of Business Administration Degree. Prior to joining the Company, Mr. Teng had served in various roles including assistant to general manager of Tianjin Zhonghuan Electronics Computer Co.

assistant manager of Tianjin Zhonghuan Huaxiang Electronics Co. Ltd. deputy general manager of iMarketChina Co. Ltd. general manager of Tianjin Zhonghuan Electronics Computer Co.

Ltd., chairman of Tianjin Huanbo Science and Technology Co.Ltd. as well as the president of Cashway Fintech Co. Ltd. and Hengrong Investment Holdings Co. Ltd. Mr. Teng is currently an executive director and deputy general manager of Tianjin Development Holdings Limited, the substantial shareholder of the Company and whose shares are listed on the Main Board of the Stock Exchange, the deputy general manager of Tianjin TEDA Industrial Group Co.

Ltd. and Tsinlien Group Company Limited, general manager of Tianjin Bohai State-owned Assets Management Co. Ltd., all aforesaid companies are the controlling shareholders of Tianjin Development and substantial shareholder of the Company, a non-independent director of Tianjin Lisheng Pharmaceutical Co. Ltd., an indirect non-wholly-owned subsidiary of Tianjin Development and whose shares are listed on the Shenzhen Stock Exchange as well as a director of other certain subsidiaries of Tianjin Development.

Mr. Teng has extensive experience in corporate management, specialising in production and manufacturing enterprises management.