The board of directors of Chu Kong Shipping Enterprises (Group) Company Limited announced the following change of directors, change of executive committee members and appointment of executive deputy general manager: Appointment of Executive Director: Upon review and recommendation by the nomination committee, the Board has resolved to appoint Mr. Chen Jie (Mr. Chen), Mr. Leng Buli (Mr. Leng) and Mr. Liu Wuwei (Mr. Liu) as executive directors of the Company with effect from 18 July 2018. Mr. Chen, Mr. Leng and Mr. Liu have also been appointed as deputy general managers and members of executive committee at the same date. Mr. Chen Jie, worked as deputy y general manager and general manager of human resources department of Guangdong Province Navigation Group Company Limited from 2013 to 2018. Mr. Leng Buli as chairman of Chu Kong High-Speed Ferry Management (Macau) Company Limited, director of Chu Kong Shipping Enterprises (Holdings) Company Limited as well as Yuet Tong Shipping Co. Ltd. and Brodrene AA Shipyard in Norway from 2015 to now. Mr. Liu Wuwei is currently director of Chu Kong River Trade Terminal Co., Lt d., the chairman of Zhongshan Cit y Huangpu Port Cargo and Container Terminal Co. Ltd., Guangdong Sanbu Passenger and Freight Transportation Co. Ltd. and Chu Kong Cargo Terminals (Qingyuan) Co. Ltd. and the deputy chairman of Chu Kong Cargo Terminals (Beicun) Co. Ltd., Sanshui Sangang Containers Wharf Co. Ltd., Shenzhen Yantian Port Chu Kong Logistics Co. Ltd. and Foshan Nankong Terminal Co. Ltd. He has 26 years of experience in logistics. The terms and conditions relating to the appointment of Mr. Chen, Mr. Leng and Mr. Liu as executive directors of the Company are set out in a letter of appointment between the Company and they shall hold office for an initial term of three years but subject to re-election at the next annual general meeting of the Company and to retirement by rotation and re-election in accordance with the Articles of Association of the Company. Mr. Chen, Mr. Leng and Mr. Liu will not receive any director's emolument for their term of directorship. Save as disclosed above, Mr. Chen, Mr. Leng and Mr. Liu have not held any other major appointment and qualifications or directorship in listed public companies in the last three years, and do not have any relationship with any directors, senior management, substantial or controlling shareholders of the Company. Save as disclosed above, Mr. Chen, Mr. Leng and Mr. Liu do not hold any position with other members of the Company's group, and do not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Resignation of Executive Director: Mr. Zeng He (Mr. Zeng) and Mr. Cheng Jie (Mr. Cheng) have resigned as the executive directors of the Company as well as the deputy general managers and the members of excusive committee with effect from 18 July 2018 due to his personal affairs. Mr. Zeng and Mr. Cheng have confirmed to the Company that there is no disagreement with the Board or the Company and there has not been any matter which they need to bring to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company in relation to their resignation. APPOINTMENT OF NON-EXECUTIVE DIRECTOR Upon review and recommendation by the nomination committee, the Board has resolved to appoint Ms. Ye Meihua (Ms. Ye) as a non-executive director of the Company with effect from 18 July 2018. Ms. Ye Meihua successively as supervisor as supervisor of supervision and auditing department, deputy general manager of risk management department and business management department of Guangdong Province Navigation Group Company Limited from 2012 to 2018. The terms and conditions relating to the appointment of Ms. Ye as a non-executive director of the Company are set out in a letter of appointment between the Company and Ms. Ye shall hold office for an initial term of three years but subject to re-election at the next annual general meeting of the Company and to retirement by rotation and re-election in accordance with the Articles of Association of the Company. Ms. Ye will not receive any director's emolument for her term of directorship. Save as disclosed above, Ms. Ye has not held any other major appointment and qualifications or directorship in listed public companies in the last three years, and does not have any relationship with any directors, senior management, substantial or controlling shareholders of the Company. Save as disclosed above, Ms. Ye does not hold any position with other members of the Company's group, and does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Resignation of Non-Executive Director: Mr. Fan Linchun (Mr. Fan) has resigned as the non-executive director of the Company with effect from 18 July 2018 due to his other personal engagement. Mr. Fan has confirmed to the Company that there is no disagreement with the Board or the Company and there has not been any matter which he needs to bring to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company in relation to his resignation. Appointment of Executive Deputy General Manager: Upon review and recommendation by the nomination committee, the Board has resolved to appoint Mr. Wu Qiang (Mr. Wu) as an executive deputy general manager of the company with effect from 18 July 2018. Mr. Wu Qiang was executive deputy general manager and director of Guangdong Province Zhanjiang Navigation (Group) Co. Ltd. and chairman of Guangdong Xuwen Terminal and Shipping Co. Ltd. from 2014 to 2018.