China Merchants Port Holdings Company Limited announced that Mr. Wang Xiufeng has tendered his resignation as the Chief Executive Officer with effect from 24 July 2023 due to change of work arrangement. it has resolved to redesignate Mr. Xu Song from the Managing Director of the Company to the Vice Chairman of the Board and the Chief Executive Officer of the Company with effect from 24 July 2023 due to a reallocation of responsibilities amongst the Company's management. Mr. Xu, aged 51, is the Director and the Chief Executive Officer of China Merchants Port Group Co.

Ltd., shares of which are listed on the Shenzhen Stock Exchange. He also serves as a non-executive director of Liaoning Port Co. Ltd. (formerly known as Dalian Port (PDA) Company Limited), shares of which are listed on the Shanghai Stock Exchange and the HKSE, and a director of various subsidiaries of the Company.

He is a Senior Economist, graduated from Huazhong University of Science and Technology majoring in Material Management, and obtained a Bachelor's Degree. He then obtained a Master's Degree from Dongbei University of Finance and Economics majoring in Business Administration, a Master's Degree from Coventry University in United Kingdom majoring in International Business, and a PhD from Dalian Maritime University majoring in the Transportation Planning and Management. He successively served as the Deputy General Manager of Dalian Portnet Co.

Ltd., the Deputy General Manager and the General Manager of Dalian Jifa Logistics Co. Ltd., the General Manager of Dalian Port Container Co. Ltd., the General Manager of Dalian Port North Yellow Sea Port Cooperation Management Company, the General Manager of Dalian Port (PDA) Company Limited (currently known as Liaoning Port Co.

Ltd.), shares of which are listed on the Shanghai Stock Exchange and the HKSE), the Deputy General Manager, the General Manager and the director of Dalian Port Corporation Limited, the Deputy General Manager of Liaoning Port Group Co. Ltd., the Deputy General Manager, the General Manager and the Chief Operating Officer of China Merchants Port Group Co. Ltd., shares of which are listed on the Shenzhen Stock Exchange.

Jifa Logistics Co. Ltd., the General Manager of Dalian Port Container Co. Ltd., the General Manager of Dalian Port North Yellow Sea Port Cooperation Management Company, the General Manager of Dalian Port (PDA) Company Limited (currently known as Liaoning Port Co.

Ltd.), shares of which are listed on the Shanghai Stock Exchange and the HKSE), the Deputy General Manager, the General Manager and the director of Dalian Port Corporation Limited, the Deputy General Manager of Liaoning Port Group Co. Ltd., the Deputy General Manager, the General Manager and the Chief Operating Officer of China Merchants Port Group Co. Ltd., shares of which are listed on the Shenzhen Stock Exchange.