COSCO SHIPPING Development Co., Ltd. announced that Mr. Ip has been appointed as a non-executive Director. Mr. Feng has resigned as a non-executive Director. The Board announced that the appointment of Ms. Zhu as a Supervisor was duly approved by the Shareholders at the EGM. The Board further announces that Mr. Hao Wenyi has resigned as a shareholder representative Supervisor with effect from the conclusion of the EGM due to change in work arrangements.