The Board of Tianjin Port Development Holdings Limited announced that with effect from 29 March 2022: (1) Ms. Xue Xiaoli has resigned as executive Director; (2) Ms. Shi Jing has resigned as executive Director; (3) Dr. Li Xiaoguang has been appointed as executive Director; (4) Mr. Sun Bin has ceased to act as an Authorised Representative and a member of the Remuneration Committee; and (5) Mr. Yang Zhengliang has been appointed as an executive Director, a member of the Remuneration Committee and an Authorised Representative. RESIGNATION OF EXECUTIVE DIRECTORS: The board of directors of Tianjin Port Development Holdings Limited announced that Ms. Xue Xiaoli and Ms. Shi Jing have resigned as executive Directors of the Company with effect from 29 March 2022 due to their other job engagements. APPOINTMENT OF EXECUTIVE DIRECTORS: The Board announces that Dr. Li Xiaoguang has been appointed as an executive Director of the Company with effect from 29 March 2022.

Dr. Li joined Tianjin Development Holdings Limited in 2004 and has held various positions including the manager of the asset management department of Tianjin Development Assets Management Co. Ltd. Dr. Li has entered into an appointment letter with the Company for a term of three years from 29 March 2022, which shall continue for further successive periods, subject to retirement by rotation and re-election at annual general meeting of the Company in accordance with the articles of association of the Company. The Board further announced that Mr. Yang Zhengliang has been appointed as an executive Director and a member of the Remuneration Committee with effect from 29 March 2022.

Mr. Yang has entered into a service contract with the Company for a term of three years from 29 March 2022, which shall continue for further successive periods. CHANGE OF AUTHORISED REPRESENTATIVE: The Board further announced that, with effect from 29 March 2022, Mr. Sun Bin has ceased to act as deputy general manager of the Company, a member of the Remuneration Committee and the authorised representative of the Company under Rule 3.05 of the Listing Rules due to internal job arrangement, and Mr. Yang has been appointed as the Authorised Representative.