The board of directors of China Shipping Development Company Limited announced that due to the group's redeployment of human resources, Mr. Huang Xiaowen, Mr. Ding Nong and Mr. Yu Zenggang has respectively tendered their resignation as executive Directors and members of the Strategy Committee of the Board with effect from the date on which the appointment of the non-executive Directors approved by the shareholders of the company at the upcoming extraordinary general meeting which is expected to be held on 19 September 2016. The Board announced that due to the group's redeployment of human resources, Mr. Yang Jigui, Mr. Han Jun and Mr. Qiu Guoxuan has respectively tendered their resignation as executive Directors and members of the Strategy Committee of the Board with effect from 22 August 2016. The Board announced that the Board has resolved to appoint Mr. Lu Junshan as executive Director subject to the Shareholders' approval at the EGM. The appointment of Mr. Lu as executive Director will take effect immediately after the approval by the shareholders at the EGM. He is also a senior administration engineer. He is currently a deputy general manager of the company. The Board announced that the Board has resolved to appoint Mr. Feng Boming, Ms. Lin Honghua and Mr. Zhang Wei as non-executive Directors subject to the shareholders' approval at the EGM. The appointment of Mr. Feng, Ms. Lin and Mr. Zhang as non-executive Directors will take effect immediately after the approval by the Shareholders at the EGM. Mr. Feng served as deputy manager and manager of the commercial section of the liner division, and deputy manager and manager of the trade protection division of COSCO Container, general manager of COSCO Container Hong Kong Mercury Co. Ltd. Ms. Lin Honghua is an assistant accountant. Ms. Lin served as deputy section chief, deputy director and director of the planning and finance department of COSCO Group, director of the finance department of COSCO Group, financial controller of COSCO Oceania Pty Ltd., and chief auditor of the finance department of China Ocean Shipping (Group) Company. Ms. Lin is currently chief auditor of the finance and accounting division of China COSCO Shipping Corporation Limited.