The board of directors of COSCO Shipping Energy Transportation Co., Ltd. announced that Mr. Huang Xiaowen has tendered his resignation as an executive Director due to a change in work allocation, with effect from 23 April 2019. Following the resignation of Mr. Huang as executive Director, he also ceased to be the chairman of the Board and the chairman of the Strategy Committee of the Board, each with effect from 23 April 2019. The Board announced that it has resolved to appoint Mr. Liu Hanbo, an executive Director, as the chairman of the Board and the chairman of the Strategy Committee in place of Mr. Huang, each with effect from 23 April 2019. The Board announced that Mr. Liu has tendered his resignation as the general manager of the company due to the Group's redeployment of human resources, with effect from 23 April 2019. The Board announced that it has resolved to appoint Mr. Zhu Maijin as the General Manager for a term of three years, with effect from 23 April 2019. The Board also announced that it has resolved to propose the appointment of Mr. Zhu as executive Director, subject to approval from the Shareholders at the forthcoming annual general meeting of the company. Mr. Zhu joined the company in July 1996 and has since served as the deputy general manager (acting general manager), general manager of the maritime management department and assistant to general manager of China Shipping Development Co., Ltd. Tanker Company, vice general manager of China Shipping Tanker Company Limited and general manager of COSCO SHIPPING Tanker (Shanghai) Co., Ltd. The Board announced that Mr. Lu Junshan has tendered his resignation as the deputy general manager of the company as he has reached the age of retirement, with effect from 23 April 2019. The Board announced that Mr. Lu has proposed to retire as executive Director with effect from the appointment of the successive executive Director in the forthcoming annual general meeting of the Company.