China Merchants Port : Change of Executive Director

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(Incorporated in Hong Kong with limited liability under the Companies Ordinance)

The Board announces that Mr. Hua Li has resigned as Executive Director of the Company with effect from 12 October 2017. The Board further announces that it has resolved to appoint Mr. Su Jian as Executive Director of the Company with effect from 12 October 2017.

The Board of Directors (the "Board") of China Merchants Port Holdings Company Limited (the "Company") announces that Mr. Hua Li has tendered his resignation as Executive Director of the Company with effect from 12 October 2017 due to personal health reasons. The Board further announces that it has resolved to appoint Mr. Su Jian as Executive Director of the Company with effect from 12 October 2017.

The Board would like to take this opportunity to express its gratitude and appreciation to Mr. Hua Li for his remarkable contributions to the Company during his term of office. Mr. Hua Li has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that need to be brought to the attention of the holders of securities of the Company.

Mr. Su Jian ("Mr. Su"), aged 45, is the Head of the Finance Department (Property Rights Department) of China Merchants Group Limited. He graduated from Shanghai University of Finance and Economics with a Bachelor's Degree in economics. He then obtained the qualifications of a non-practising member of the Chinese Institute of Certified Public Accountants and intermediate accountant. He previously served as the Financial Manager of China Merchants International Travel Services Limited, Senior Manager of Finance Department of China Merchants Shekou Industrial Zone Company Limited, Senior Manager, Assistant to the Head of Finance Department and Deputy Head of Finance Department of China Merchants Group Limited, Deputy Head of the Organization Department of Human Resources Department of China Merchants Group Limited, Party Secretary, Secretary of Commission for Discipline

Inspection and Assistant General Manager of China Merchants Industry Holdings Company Limited. He is also currently a Non-executive Director of China Merchants Energy Shipping Co., Ltd., shares of which are listed on the Shanghai Stock Exchange and a Non-executive Director of China Merchants Securities Co., Ltd., shares of which are listed on The Stock Exchange of Hong Kong Limited and the Shanghai Stock Exchange.

There are no employment service contracts between the Company and Mr. Su. However, the Company has entered into an appointment letter with him in relation to his directorship with the Company for a term of three years commencing on 12 October 2017, but subject to re-election following retirement by rotation at the next following general meeting of the Company pursuant to article 95 of the articles of association of the Company (the "Articles of Association"). Thereafter, he will be subject to rotational retirement and re-election requirements at annual general meetings pursuant to the Articles of Association. Mr. Su will not be entitled to any remuneration or director's fees from the Company until the date of the next general meeting.

As at the date of this announcement, Mr. Su does not have any interest 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, the Board is not aware of any other matters relating to the appointment of Mr. Su as Executive Director of the Company that need to be brought to the attention of the shareholders of the Company and there is no other information which is required to be disclosed pursuant to 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 take this opportunity to welcome Mr. Su for joining the Board.

By Order of the Board of

Chairman

Hong Kong, 12 October 2017

As at the date of this announcement, the Board comprises Mr. Li Xiaopeng, Mr. Hu Jianhua, Mr. Wang Hong, Mr. Su Jian, Mr. Bai Jingtao, Mr. Wang Zhixian, Mr. Zheng Shaoping and Ms. Shi Wei as executive directors; and Mr. Kut Ying Hay, Mr. Lee Yip Wah Peter, Mr. Li Kwok Heem John, Mr. Li Ka Fai David and Mr. Bong Shu Ying Francis as independent non-executive directors.