Cosco Corp. (Singapore) Ltd. announced that Mr. Ouyang Chaomei has been appointed as new alternate Director of Mr. Wang Yu Hang in place of Mr. Liu De Tian with effect from January 25, 2013. Mr. Liu De Tian has ceased to be a member of Enterprise Risk Management Committee with effect from January 25, 2013.

Mr. Ouyang Chaomei has been appointed as a new member of Enterprise Risk Management Committee with effect from January 25, 2013.