The board of directors of Chu Kong Shipping Enterprises (Group) Company Limited. announced that Mr. Yu Qihuo has resigned as a non-executive director of the Company with effect from 1 March 2014 due to his retirement. Upon review and recommendation b y the nomination committee, the Board has resolved to appoint Mr. Hu Jiahong ("Mr. Hu") as a non-executive director of the company with effect from 1 March 2014.

Mr. Hu, has been appointed as deputy general manager of the company since June 2012 and resigned from this position in February 2014. Mr. Huang Shuping has resigned as an executive director, deputy general manager and a member of executive committee of the company with effect from 1 March 2014 due to his decision to pursue his other personal engagement. Upon review and recommendation b y the nomination committee, the Board has resolved to appoint Mr. Zeng He and Mr. Cheng Jie as the executive directors of the Compan y with effect from 1 March 2014.

Mr. Zeng and Mr. Cheng have been appointed as the members of executive committee at the same date. Mr. Zeng, has joined the navigation business sector since 1987, with 27 years related working experience. Mr. Zeng has been appointed as deput y general manager, as well as the safet y representative, of the Company since June 2013 Mr. Cheng, aged 44, has been appointed as deput y general manager of the company since March 2014.