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中 遠 海 運 控 股 股 份 有 限 公 司 COSCO SHIPPING Holdings Co

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中 遠 海 運 控 股 股 份 有 限 公 司 COSCO SHIPPING Holdings Co Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 中遠海運控股股份有限公司 COSCO SHIPPING Holdings Co., Ltd.* (a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1919) PROPOSED RE-ELECTION AND ELECTION OF DIRECTORS AND SUPERVISORS FOR THE FORTHCOMING SESSION In accordance with the Articles of Association, the Board is pleased to announce the nomination for election and re-election of the following members of the sixth session of the Board: (i) Mr. Xu Lirong has been nominated for re-election as an executive Director and chairman of the Board; (ii) Mr. Huang Xiaowen has been nominated for election as an executive Director and vice-chairman of the Board; (iii) Mr. Yang Zhijian and Mr. Feng Boming have been nominated for re-election as executive Directors; (iv) Mr. Wu Dawei, Mr. Zhou Zhonghui and Mr. Teo Siong Seng have been nominated for re-election as independent non-executive Directors; and (v) Prof. Frederick Si-hang Ma has been nominated for election as an independent non-executive Director. The Board further announces the Supervisory Committee has nominated the following members of the sixth session of the Supervisory Committee: (i) Mr. Yang Shicheng has been nominated for election as the chairman of the Supervisory Committee and a Supervisor representing the Shareholders; and (ii) Mr. Meng Yan and Mr. Zhang Jianping have been nominated for re-election as independent Supervisors. Reference is made to the announcement of the Company dated 18 May 2020 in relation to, among other things, the postponement of election of the new session of the Board and the Supervisory Committee and the corresponding extension of the term for each committee of the Board and the senior management of the Company. The Board hereby announces that the Company has completed the nomination procedures for candidates for Directors of the new session of the Board and candidates for Supervisors of the new session of the Supervisory Committee. 1 PROPOSED RE-ELECTION AND ELECTION OF DIRECTORS According to article 108 of the Articles of Association, the term of office of each of the Directors is three years, and upon expiry of such term, the Directors being eligible, may offer themselves for re-election. However, pursuant to the relevant requirements of the Articles of Association, the China Securities Regulatory Commission and the Shanghai Stock Exchange, the term of appointment of independent non-executive Directors shall be subject to a maximum of six years. In accordance with the Articles of Association, the Board is pleased to announce the nomination for election and re-election of members of the sixth session of the Board: (i) Mr. Xu Lirong (“Mr. Xu”) has been nominated for re-election as an executive Director and chairman of the Board; (ii) Mr. Huang Xiaowen (“Mr. Huang”) has been nominated for election as an executive Director and vice-chairman of the Board; (iii) Mr. Yang Zhijian (“Mr. Yang”) and Mr. Feng Boming (“Mr. Feng”) have been nominated for re-election as executive Directors; (iv) Mr. Wu Dawei (“Mr. Wu”), Mr. Zhou Zhonghui (“Mr. Zhou”) and Mr. Teo Siong Seng (“Mr. Teo”) have been nominated for re-election as independent non-executive Directors; and (v) Prof. Frederick Si-hang Ma (“Prof. Ma”) has been nominated for election as an independent non-executive Director. Ordinary resolutions in relation to the abovementioned proposed appointments of Directors will be proposed at the EGM for the Shareholders’ consideration. The proposed appointments of Directors will be effective upon Shareholders’ approval at the EGM. In light of the abovementioned six-year restriction in respect of independent non-executive Directors, Mr. Yang, Liang Yee Philip will not offer himself for re-election as an independent non-executive Director. The Board would like to take this opportunity to express its sincere gratitude to Mr. Yang, Liang Yee Philip for his significant contribution towards the Company in the past. Mr. Yang, Liang Yee Philip confirmed that he has no disagreement with the Board and the Company and there is no other matter in relation to his retirement that needs to be brought to the attention of the Shareholders. 2 Proposed Executive Directors The biographical details of each of the proposed executive Directors are as follows: Mr. XU Lirong (許立榮) Mr. Xu, aged 63, has been the chairman of the board and the party secretary of China COSCO SHIPPING Corporation Limited, an executive Director and the chairman of the Board and an executive director and the chairman of the board of directors of Orient Overseas (International) Limited (a non-wholly owned subsidiary of the Company and a company listed on the Stock Exchange (stock code: 316)). Mr. Xu started his career in March 1975. Mr. Xu was previously the deputy chief, assistant to the general manager, deputy manager and general manager of China Ocean Shipping Company Limited’s shipping manager department; the deputy manager, the manager and the party secretary of COSCO Shanghai Freight Forwarding Company; the president and the party secretary of the Shanghai Shipping Exchange; the general manager, a member of the party committee and the deputy party secretary of COSCO SHIPPING Lines Co., Ltd.; the vice president, the chairman of the labor union and a member of the party committee of China Ocean Shipping (Group) Company (currently known as China Ocean Shipping Company Limited, the direct controlling Shareholder); a director, the general manager, a member of the party committee, the chairman of the board and the party secretary of China Shipping (Group) Company (currently known as China Shipping Group Company Limited, a subsidiary of China COSCO SHIPPING Corporation Limited); and the chairman of the board of directors and the chairman of the executive committee of Orient Overseas Container Line Limited. Mr. Xu obtained an MBA degree from Shanghai Maritime University. He is a senior engineer. A service contract is proposed to be entered into between Mr. Xu and the Company. Mr. Xu is proposed to be appointed for a term commencing from the date of passing of the relevant resolution at the EGM, and ending on the expiration of the term of the sixth session of the Board and will be subject to retirement and re-election at the general meetings of the Company in accordance with the Articles of Association. Save as disclosed above, Mr. Xu (i) does not hold any position with any other member of the Group; (ii) does not have any relationship with any Directors, senior management of the Company or substantial or controlling Shareholders; (iii) has not held any directorship in any other listed companies in the past three years; and (iv) does not have any interests in the Shares within the meaning of Part XV of the SFO. Save as disclosed above, as at the date of this announcement, there is no other information relating to Mr. Xu that is required to be disclosed pursuant to Rule 13.51(2) of the Listing Rules and no other matter in relation to his proposed appointment that needs to be brought to the attention of the Shareholders. 3 Mr. HUANG Xiaowen (黃小文) Mr. Huang, aged 58, is a deputy general manager and member of the party group of China COSCO SHIPPING Corporation Limited; an executive director and the chief executive officer of Orient Overseas (International) Limited (a non-wholly owned subsidiary of the Company and a company listed on the Stock Exchange (stock code: 316)); and serves as director of certain subsidiaries of China COSCO SHIPPING Corporation Limited. Mr. Huang started his career in 1981 and had served as the section chief of the container shipping section of Guangzhou Ocean Shipping Company Limited (廣州遠洋運輸公司); the general manager of container transportation department of China Ocean Shipping Company (formerly known as “China Ocean Shipping (Group) Company”); the container business advisor of Shanghai Haixing Shipping Co., Ltd. (上海海興輪船股份有限公司); the executive deputy general manager, managing director and deputy party secretary of COSCO SHIPPING Development Co., Ltd. (中遠海運發展股份有限 公司) (formerly known as “China Shipping Container Lines Co., Ltd.”, a company listed on the Stock Exchange (stock code: 2866) and the Shanghai Stock Exchange (stock code: 601866)); the chairman of China Shipping Haisheng Co., Ltd. (中海（海南）海盛船務股份有限公司) (a company listed on the Shanghai Stock Exchange (stock code: 600896)); the deputy general manager and a member of the party group of China Shipping Development Co. Ltd.; the vice chairman and executive Director of the Board; the chairman of COSCO SHIPPING Lines Co., Ltd.; the chairman of COSCO SHIPPING Bulk Co. Ltd. (中遠海運散貨運輸有限公司); the executive director and the chairman of the board of directors of COSCO SHIPPING Energy Transportation Co., Ltd., (中 遠海運能源運輸股份有限公司) (a company listed on the Stock Exchange (stock code: 1138) and the Shanghai Stock Exchange (stock code: 600026)); and the chairman of the board of directors and non-executive director of COSCO SHIPPING Ports Limited (中遠海運港口有限公司) (a non-wholly owned subsidiary of the Company and a company listed on the Stock Exchange (stock code: 1199)). Mr. Huang has more than 30 years of experience in the shipping industry. Mr. Huang graduated from China Europe International Business School with an EMBA degree and is a senior engineer. A service contract is proposed to be entered into between Mr. Huang and the Company. Mr. Huang is proposed to be appointed for a term commencing from the date of passing of the relevant resolution at the EGM, and ending on the expiration of the term of the sixth session of the Board and will be subject to retirement and re-election at the general meetings of the Company in accordance with the Articles of Association.
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