COSCO SHIPPING Ports Limited announced that Mr. ZHANG Wei has resigned as an Executive Director, Chairman of the Board and Managing Director of the company. Mr. FENG Boming, a non-executive Director of the Company, has been re-designated as an Executive Director of the company and appointed as the chairman of the Board. Mr. ZHANG Dayu has been appointed as an Executive Director, the Managing Director, a member of the Executive Committee and the Chairman of the Risk management committee of the company.

Mr. FENG was appointed as an Executive Director and the Chairman of the Board for a term of three years commencing on September 13, 2019. Mr. ZHANG Dayu, aged 47, before the appointment, has been a Deputy Managing Director of the Company since April 2016, and a member of the Investment and Strategic Planning Committee and Risk Management Committee of the Company. Mr. ZHANG has been the General Manager of Overseas Business Department and Assistant General Manager of China Shipping Ports Development Co.

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