The board of directors of COSCO International Holdings Limited announced that with effect from 16th August 2016, Mr. Zhang Liang (Mr. Zhang) and Mr. Wu Shuxiong (Mr. Wu) have resigned as executive director and vice chairman of the Board of the company and non-executive director of the company respectively due to their retirement, and Mr. Feng Jinhua (Mr. Feng) has resigned as executive director of the Company due to change of work designation. Accordingly, Mr. Zhang ceased to be chairman of Strategic Development Committee and Risk Management Committee of the company, Mr. Wu ceased to be member of Risk Management Committee of the company and Mr. Feng ceased to be member of Strategic Development Committee and Risk Management Committee of the company. On the same day, Mr. Zhu Jianhui has been appointed as executive director and vice chairman of the Board of the Company and chairman of Strategic Development Committee and Risk Management Committee of the company, and Mr. Wang Wei, the non-executive director of the company, has been appointed as member of Strategic Development Committee and Risk Management Committee of the company. Mr. Zhu Jianhui (Mr. Zhu) is director and president of COSCO (Hong Kong) Group Limited and director of two subsidiaries of the company. He had been the manager of China Ocean Shipping Agency Nantong (Penavico Nantong), the deputy general manager of China Ocean Shipping Agency (Shanghai), the deputy general manager of China Ocean Shipping Agency head office, the deputy general manager of COSCO Logistics Co. Ltd., the general manager of China Ocean Shipping Tally Company and the general manager of Dalian Ocean Shipping Company.