Tianjin Port Development : CHANGE OF DIRECTORS

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 03382)

CHANGE OF DIRECTORS

The Board announces that Mr. Li Quanyong has resigned as Executive Director, Managing Director and member of the nomination committee of the Company with effect from 7 February 2020 due to job change.

The Board further announces that Mr. Luo Xunjie has been appointed as Executive Director, Managing Director and member of the nomination committee of the Company with effect from 7 February 2020.

RESIGNATION OF EXECUTIVE DIRECTOR

The board of directors (the "Board") of Tianjin Port Development Holdings Limited (the "Company", together with its subsidiaries as the "Group") announces that Mr. Li Quanyong has resigned as Executive Director, Managing Director and member of the nomination committee of the Company with effect from 7 February 2020 due to job change.

Mr. Li Quanyong has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.

The Board would like to express its most sincere gratitude to Mr. Li Quanyong for his invaluable contributions to the Company during his tenure of office.

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board further announces that Mr. Luo Xunjie ("Mr. Luo") has been appointed as Executive Director, Managing Director and member of the nomination committee of the Company with effect from 7 February 2020.

Mr. Luo, aged 52, Doctor of Engineering / MBA, senior engineer, is currently the vice president of Tianjin Port (Group) Co., Ltd.* (天津港（集團）有限公司). He had been the General Manager of the Operation and Technology Department of APM Terminals Greater China, Maersk Group; and the Senior General Manager of the Investment Management Department of the Asia Pacific Region (and Chief Operating Officer of Qianwan Container Terminal Co., Ltd., Qingdao Port Group); the Port Manager of P&O Ports Greater China, UK Iron and Steel Group; Deputy Director of Engineering Department of Shanghai International Port (Group) Co., Ltd., Deputy Chief Commander of the Fourth Phase of the Automated Terminal Engineering Construction Department of Shanghai Yangshan Deepwater Port, and Deputy General Manager of Shangdong Branch.

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Save as disclosed above, as at the date of this announcement, Mr. Luo has no relationship with any other directors, senior management, substantial or controlling shareholders of the Company. He has not held any directorships in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years nor has held any other positions with the Company and other members of the Group.

Mr. Luo has entered into an appointment letter with the Company for a term of three years from 7 February 2020, which shall continue for further successive periods. He will 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. Pursuant to the terms of the appointment letter, Mr. Luo is not entitled to any director's fee or salary, while he is entitled to any discretionary bonus as determined by the Board and the remuneration committee of the Company in its discretion from time to time. The remuneration of Mr. Luo is determined by the Board and the remuneration committee of the Company with reference to his duties and responsibilities with the Company and prevailing market conditions.

As at the date of this announcement, Mr. Luo does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, there are no other matters in relation to the appointment of Mr. Luo which need to be brought to the attention of the shareholders of the Company and there is no other information that needs to be disclosed pursuant to any of the requirements of Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board would like to express its warmest welcome to Mr. Luo on his appointment.

By Order of the Board

Tianjin Port Development Holdings Limited

Chu Bin

Chairman

Hong Kong, 7 February 2020

As at the date of this announcement, the Board comprises Mr. Chu Bin, Mr. Luo Xunjie, Mr. Sun Bin, Mr. Wang Junzhong and Ms. Shi Jing as executive directors; Professor Japhet Sebastian Law, Mr. Cheng Chi Pang, Leslie and Mr. Zhang Weidong as independent non-executive directors.

* For identification purposes only

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