COSCO International Holdings Limited has announced the resignation of Sun Jiakang as an executive director and the chairman of its board. Mr. Xu Zhengjun resigned as Executive Director and Managing Director of the Board due to his retirement. On the same day, Mr. Ye Weilong was appointed as Executive Director and Chairman of the Board and Mr. Liu Xianghao was appointed as Executive Director and Managing Director of the Board, with effect from 18 March 2016.

Mr. Ye Weilong was the chairman of the Board of the Company for the period from 2012 to 2013 and was familiar with COSCO International. He is currently the executive vice president of China COSCO Shipping Corporation Limited and in charge of strategic planning, corporate management, onshore industries and regional companies, etc. Chairman Ye joined COSCO Group for nearly 30 years.

He previously was the deputy general manager of China Ocean Shipping (Group) Company and served in several managerial positions of subsidiaries of COSCO Group. Mr. Liu Xianghao has joined COSCO Group for 20 years. He is currently the vice president and chief legal consultant of COSCO (Hong Kong) Group Limited.

Mr. Liu served as several positions including the director of Office of Board of Directors/General Manager's Office of China Ocean Shipping (Group) Company and China COSCO Holdings Company Limited, etc.