The board (the "Board") of directors of COSCO SHIPPING Holdings Co., Ltd. announces that Mr. Yang Zhijian ("Mr. Yang") has voluntarily tendered his resignation to the Company in respect of his positions as an executive Director, the general manager, the chairman of the Risk Control Committee of the Board and a member of the Nomination Committee of the Board of the Company due to change in work arrangements with effect from 29 May 2024. The Board announce that Mr. Tao Weidong ("Mr. Tao"), an executive Director, has been appointed as the general manager of the Company for a term commencing from 29 May 2024 and ending on the date of the first meeting of the eighth session of the Board of the Company. Mr. Tao has also served as the chairman of the Risk Control Committee and a member of the Nomination Committee and ceased to be a member of the Strategic Development Committee of the seventh session of the Board of the Company with effect from 29 May 2024. Mr. Tao Weidong, aged 54, is currently an executive Director and the general manager of COSCO SHIPPING Holdings Co., Ltd., the chairman and party secretary of COSCO SHIPPING Lines Co., Ltd., an executive director of Orient Overseas (International) Limited (a company listed on The Stock Exchange of Hong Kong Limited (stock code: 316)), the chairman of the board, chairman of the executive committee and chief executive officer (CEO) of Orient Overseas Container Line Limited. He has served as the manager of the container transportation department and the manager
of the agency department of COSCO Cosfim Co. Ltd., the assistant general manager and deputy general manager of COSCO (Shenzhen) International Freight Co., Ltd. (currently known as COSCO SHIPPING Lines (Shenzhen) Co., Ltd.), the deputy general manager of Americas trade division of COSCO Container Lines Co., Ltd. (currently known as COSCO SHIPPING Lines Co., Ltd.), the deputy general manager of COSCO (Southern China) International Freight Co., Ltd. (currently known as COSCO SHIPPING Lines (Southern China) Co., Ltd.), the general manager of COSCO (Shanghai) International Freight Co., Ltd. (currently known as COSCO SHIPPING Lines
(Shanghai) Co., Ltd.), the general manager of COSCO SHIPPING Lines (Shanghai) Co., Ltd., the general manager of COSCO SHIPPING International Freight Co., Ltd., the deputy general manager of COSCO SHIPPING Lines Co., Ltd., and the general manager of the operating management division of China COSCO SHIPPING Corporation Limited. During the period from October 2022 to June 2023, he served as a director of Shanghai International Port (Group) Co., Ltd. (a company listed on the Shanghai Stock Exchange. Mr. Tao has nearly 30 years of experience in corporate management and extensive experience in shipping and logistics operation and management. Mr. Tao graduated from Shanghai Maritime College (currently known as Shanghai Maritime University), majoring in water transport management, and obtained a master's degree in business administration from Shanghai Maritime University, and is a senior engineer.