COSCO SHIPPING Development Co., Ltd. appointment of Mr. Cai Lei and Ms. Ng Sau Mei as the joint company secretaries of COSCO SHIPPING Development Co., Ltd. The board of directors of the Company announced that The Stock Exchange of Hong Kong Limited has confirmed that Mr. Cai is qualified to act as the sole company secretary of the Company as required under Rule 3.28 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Accordingly, Mr. Cai has been appointed by the Board as the sole company secretary of the Company with effect from 28 April 2023, and Ms. Ng has resigned as a joint company secretary of the Company with effect from 28 April 2023. Mr. Cai, aged 43, is currently the Board Secretary and Company Secretary of the Company.

Mr. Cai successively served as an officer and an assistant director of the commercial office of the shipping department of Oil Tanker Company of China Shipping Development Company Limited from 2004 to 2011; as the senior chief of the general office of China Shipping (Group) Company and the secretary to the Group's Party leadership group from 2011 to 2016; as the secretary to the Party leadership group of China COSCO Shipping Corporation Limited from January 2016 to June 2019. Mr. Cai has served as the secretary to the Board and general manager of the securities and public relations department of COSCO SHIPPING Development Co., Ltd. from August 2019; as a joint company secretary of the Company from 24 April 2020 to 28 April 2023. He has also been a member of the sixth session of the Review Committee of the Shanghai Stock Exchange since December 2022.

Mr. Cai graduated from the Graduate School of Shanghai Maritime University majoring in civil and commercial law with a master of laws. He is qualified as a national judicial professional and an insurance assessor and holds the title of senior economist.