The Board of COSCO SHIPPING Energy Transportation Co., Ltd. announced that the proposed appointment of Mr. Ren Yongqiang as an executive Director was duly approved by the Shareholders at the EGM held on August 5, 2021. The term of office of Mr. Ren will commence from 5 August 2021 until 29 June 2024. The Board further announced that Mr. Ren has been appointed as the chairman of the Board, the chairman of the Strategy Committee and a member of the Risk Control Committee, with effect from 5 August 2021. Mr. Ren will also be appointed as the legal representative of the Company in place of Mr. Liu. The Board announced that Mr. Liu Hanbo has resigned as an executive Director, the chairman of the Board, the chairman of the Strategy Committee of the Board and a member of the Risk Control Committee of the Board, due to reaching retirement age, with effect from 5 August 2021. Mr. Liu also ceased to be the legal representative of the Company following his resignation.