The board of directors (the "Board") of Qinhuangdao Port Co., Ltd. announced that Mr. Cao Dong ("Mr. Cao") has tendered his resignation to the supervisory committee of the Company (the "Supervisory Committee") due to reason of work and resigned as an employee representative supervisor of the Company (the "Employee Representative Supervisor") with effect from 15 July 2021. Mr. Cao confirms that he has no disagreement with the Board and the Supervisory Committee during his term of office and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board and the Supervisory Committee would like to take this opportunity to express their sincere gratitude to Mr. Cao for his contribution to the development of the Company during his term of office. The Board announced that Mr. Zhou Chengtao ("Mr. Zhou") has been elected as an Employee Representative Supervisor at the joint meeting of the employee representative congress of the Company held on 15 July 2021 in place of Mr. Cao. Mr. Zhou Chengtao, aged 55, has started working in July 1990, and joined the Communist Party of China in April 1996. Mr. Zhou holds a bachelor's degree and a master's degree and is a senior engineer. He currently serves as the director of the audit department and head of the audit center of the Company. He previously served as the deputy director of engineering section, director of project comprehensive section, director of engineering section 1 of Qinhuangdao Fangyuan Port Project Supervision Co., Ltd. He was appointed as the deputy manager of Qinhuangdao Fangyuan Port Project Supervision Co., Ltd. in May 2001, the manager of Qinhuangdao Fangyuan Port Project Supervision Co., Ltd. in January 2008, the chairman and manager of Qinhuangdao Fangyuan Port Project Supervision Co., Ltd. in April 2013, the executive director, manager and party branch secretary in August 2018, and the deputy director of the audit department and head of the audit center of the Company and the executive director, party branch secretary and manager of Qinhuangdao Fangyuan Port Project Supervision Co., Ltd. in September 2018, and the deputy director of the audit department and head of the audit center of the Company in February 2019. He has been in his current position since May 2021. The term of office of Mr. Zhou will commence from 15 July 2021 and end upon the expiry of the current term of the Supervisory Committee. Pursuant to the articles of association of the Company, the Company is not required to submit his appointment to the shareholders' general meeting for consideration and approval. Mr. Zhou will not receive any remuneration from the Company for serving as an Employee Representative Supervisor.