The board of directors of Chu Kong Shipping Enterprises (Group) Company Limited. announced that Mr. Huang Liezhang has resigned as an executive director, general manager, a member of executive committee and remuneration committee of the Company with effect from May 3, 2013 due to his decision to pursue his personal commitments. Upon review and recommendation by the nomination committee, the Board has resolved to appoint Mr. Xiong Gebing, an executive director of the Company, as a managing director and a member of remuneration committee with effect from May 3, 2013.

Mr. Xiong, aged 47, has been appointed as an executive director of the Company since January 2013 and a deputy general manager of the Company since October 2011, responsible for the passenger transport business of the Company.