Seaspan Corporation entered into an employment agreement with Bing Chen on October 28, 2017, providing for Mr. Chen to serve as President and Chief Executive Officer of the company beginning in January 2018. On January 8, 2018, Mr. Chen commenced his employment as President and Chief Executive Officer of the company and was appointed to the Board of Directors of the company. As a result of Mr. Chen's appointment as Chief Executive Officer of the company, Peter Curtis is no longer serving as the Company's Interim Chief Executive Officer.

Mr. Curtis will continue to serve as Executive Vice President and Chief Operating Officer of the Company. Over his 25 year career Mr. Chen has held executive positions in China, Europe and the United States. Most recently, Mr. Chen served as CEO of BNP Paribas (China) Ltd. where he led the bank's growth strategy in China.