The board of directors of China Merchants Port Holdings Company Limited announces that Mr. Deng Renjie has tendered his resignation as the Chairman of the Board and a Non-executive Director of the Company with effect from 24 July 2023 due to change of work arrangement. Accordingly, with effect from 24 July 2023, Mr. Deng Renjie will also cease to be the chairman of the environmental, social and governance committee of the Company. The Board further announces that Mr. Wang Xiufeng has tendered his resignation as the Vice Chairman of the Board and an Executive Director of the Company with effect from 24 July 2023 due to change of work arrangement.

Accordingly, with effect from 24 July 2023, Mr. Wang Xiufeng will also cease to be a member of the nomination committee of the Company and a member of the ESG Committee. The Board further announces that it has resolved to appoint Mr. Feng Boming as the Chairman of the Board and a Non-executive Director of the Company with effect from 24 July 2023. Mr. Feng, aged 53, an economist, holds a Master of Business Administration degree from The University of Hong Kong.

He currently serves as the Deputy General Manager of China Merchants Group Limited and the Chairman of Liaoning Port Group Limited. Mr. Feng previously held various positions including the Manager of Commercial Section of COSCO Container Lines Co. Ltd. (currently known as COSCO SHIPPING Lines Co.

Ltd.), the General Manager of COSCO Container Hong Kong Mercury Co. Ltd., the General Manager of Management and Administration Department of COSCO Holdings (Hong Kong) Co. Ltd., the General Manager of COSCO International Freight (Wuhan) Co.

Ltd. and COSCO Logistics (Wuhan) Co. Ltd., the Supervisor of Strategic Management Implementation Office of China Ocean Shipping (Group) Company, the General Manager of Strategic and Corporate Management Department of China COSCO SHIPPING Corporation Limited, Executive Director and the Chairman of the board of directors of COSCO SHIPPING Ports Limited, shares of which are listed on The Stock Exchange of Hong Kong Limited ("HKSE"), Executive Director of each of COSCO SHIPPING Holdings Co. Ltd., shares of which are listed on the Shanghai Stock Exchange and the HKSE and Orient Overseas (International) Limited, shares of which are listed on the HKSE, Non-executive Director of each of COSCO SHIPPING Energy Transportation Co.

Ltd., shares of which are listed on the Shanghai Stock Exchange and the HKSE, COSCO SHIPPING Development Co. Ltd., shares of which are listed on the Shanghai Stock Exchange and the HKSE, COSCO SHIPPING International (Hong Kong) Co. Ltd., shares of which are listed on the HKSE, Qingdao Port International Co.

Ltd., shares of which are listed on the Shanghai Stock Exchange and the HKSE and Piraeus Port Authority S.A., shares of which are listed on the Athens Stock Exchange. Director of each of COSCO SHIPPING (Hong Kong) Co., Limited, COSCO SHIPPING Investment Holdings Co., Limited, Hainan Harbour & Shipping Holding Co. Ltd. and COSCO SHIPPING Bulk Co.

Ltd., and Chairman of Sinotrans Limited, shares of which are listed on the Shanghai Stock Exchange and the HKSE. The Board further announces that it has resolved to appoint Mr. Wong Chi Wing ("Mr. Wong") as an Independent Non-executive Director of the Company with effect from 24 July 2023. Mr. Wong, aged 59, is currently serving as a Deputy President and the Chairman of New Economy Committee of The Hong Kong Independent Non-Executive Director Association Limited since October 2019.

Mr. Wong is a fellow member of The Hong Kong Institution of Certified Public Accountants since 2000. Mr. Wong obtained a Bachelor's Degree in Science from The Chinese University of Hong Kong in December 1986, a Master's Degree in Business Administration from The City University of Hong Kong in November 1995, a Master's Degree of Science in Electronic Commerce from The City University of Hong Kong in November 2003 and a Doctorate Degree in Business Administration from The City University of Hong Kong in February 2011. Mr. Wong served as an Assistant Vice President and a Vice President and various positions at PCCW Solutions (formerly known as Unihub Limited).

He has also served in Accenture Consulting for Greater China as a Managing Director, Big Data Elite Asia Limited and GCE Consulting Limited as the Managing Partner, and Autotoll Limited as an Independent Non-executive Director. Mr. Wong was an Independent Non-executive Director of Veson Holdings Limited (formerly known as SCUD Group Limited), Cirtek Holdings Limited and Landsea Green Life Service Company Limited. Shares of the above three companies are listed on the HKSE.

The Board further announces that 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.