The board of directors of Tianjin Port Development Holdings announced that Mr. Wang Rui has resigned as Executive Director and member of the remuneration committee of the Company with effect from 22 January 2019 due to job change; and Mr. Yu Houxin has resigned as Executive Director of the Company with effect from 22 January 2019 due to job change. Each of Mr. Wang Rui and Mr. Yu Houxin 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 further announces that Mr. Sun Bin has been appointed as Executive Director and member of the Remuneration Committee of the Company and Mr. Wang Junzhong has been appointed as Executive Director of the Company with effect from 22 January 2019.