COSCO SHIPPING Holdings Co., Ltd. announced that Mr. YE Jianping and Mr. CHEN Shuai have voluntarily tendered their resignations in respect of their positions as deputy general managers of the Company due to change in work arrangements with effect from 21 June 2024. Mr. YE Jianping and Mr. CHEN Shuai have confirmed that they have no disagreement with the Board and there is no other matter in relation to their resignations that needs to be brought to the attention of the Shareholders. The Board announced that Mr. ZHU Tao and Mr. QIN Jiangping have been appointed as deputy general managers of the Company, both for a term commencing from 21 June 2024 and ending on the date of the first meeting of the eighth session of the Board.

Mr. QIN, aged 56, is currently the employee representative director and a deputy general manager of COSCO SHIPPING Lines Co., Ltd. (a wholly-owned subsidiary of the Company), and the chairman of Shanghai Ocean Shipping Company Limited. Mr. QIN started his career in 1988 and served successively as a captain of Shanghai Ocean Shipping Co., Ltd., the manager of the aritime service center, crew management division and commerce division of COSCO Shanghai Manning Company Limited, a deputy manager and the manager of the crew management department of organization/human resources division of China Ocean Shipping Company Limited, the general manager of China-Japan International Ferry Co., Ltd., a deputy general manager and the general manager of Shanghai Ocean Shipping Company Limited, etc. Mr. QIN graduated from Dalian Maritime College (currently known as Dalian Maritime University) majoring in nautical science with a bachelor's degree in engineering, and is a senior captain.

Mr. ZHU, aged 51, is currently an executive director, a managing director, the chairman of the risk management committee, and a member of the executive committee, the nomination committee, the remuneration committee and the investment and strategic planning committee of COSCO SHIPPING Ports Limited. He is also a non-executive director of Qingdao Port International Co., Ltd. Mr. ZHU started his career in 1995 and previously served as a deputy business manager and the business manager of the dispatching division of the liner department of COSCO Container Lines Co., Ltd., a deputy head of the business division of the coastal transportation department of COSCO Container Lines, the manager of the East and South China operating department of the Sino-Japan trade division of COSCO Container Lines, a deputy general manager and the chairman of the labour union of Shanghai PANASIA Shipping Co., Ltd., a deputy general manager of Americas trading division of COSCO Container Lines, the general manager of COSCO Container Lines (Netherlands) B.V., the supervisor of the general manager's office of COSCO Container Lines, the general manager and a deputy party secretary of Shanghai PANASIA Shipping Co., Ltd., and a deputy general manager and a member of the party committee of COSCO SHIPPING Lines Co., Ltd., etc. Mr. ZHU graduated from Shanghai Jiao Tong University with a master's degree in business administration.

He is an economist.