The board of directors of Tianjin Port Development Holdings Limited announced that, with effect from 30 January 2023, Mr. Yang Zhengliang has ceased to act as a member of the remuneration committee of the company
("Remuneration Committee") due to internal job arrangement. The Board further announced that Mr. Lou Zhanshan ("Mr. Lou") has been appointed as an executive Director and a member of the Remuneration Committee with effect from 30 January 2023. Mr. Lou, aged 49, was appointed as a deputy general manager of the Company on 15 December 2022. Mr. Lou also serves as a director and chairman of supervisory committee of certain
subsidiaries of the Group. Mr. Lou holds a master degree in business administration with postgraduate research qualification from Tianjin University. Mr. Lou joined Tianjin Port (Group) Co. Ltd.("Tianjin Port Group") in 1995. He has been the deputy chief of the securities financing department of Tianjin Port Holdings Co. Ltd. ("Tianjin Port Co."). From July 2013 to October 2022, he served as the deputy director of the president's office of Tianjin Port Co., the office director of Tianjin Port Co. as well as the deputy director of the general office of the Party Committee of Tianjin Port Group. Mr. Lou has entered into a service contract with the Company as an executive Director for a term of three years from 30 January 2023, which could be renewed for further periods and shall be subject to retirement by rotation and re-election at annual general meeting of the Company in accordance with the articles of association of the Company.