The board of directors of COSCO SHIPPING Energy Transportation Co., Ltd. announced that Mr. Wang Wusheng has retired from the position as an independent non-executive director of the eighth session of the Board, the chairman of the nomination committee of the Board, a member of the remuneration and appraisal committee of the Board and a member of the audit committee of the Board due to expiration of his tenure as an independent non-executive director of the eighth session of the Board. The retirement of Mr. Wang took effect on 16 January 2018.