Rizhao Port Jurong : (1) RESIGNATION OF EXECUTIVE DIRECTOR, GENERAL MANAGER AND AUTHORISED REPRESENTATIVE (2) APPOINTMENT OF DEPUTY GENERAL MANAGER AND (3) PROPOSED ELECTION OF EXECUTIVE DIRECTOR AND PROPOSED APPOINTMENT OF AUTHORISED REPRESENTATIVE

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.

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 6117)

1. RESIGNATION OF EXECUTIVE DIRECTOR, GENERAL MANAGER AND AUTHORISED REPRESENTATIVE
2. APPOINTMENT OF DEPUTY GENERAL MANAGER AND
3. PROPOSED ELECTION OF EXECUTIVE DIRECTOR AND PROPOSED APPOINTMENT OF AUTHORISED

REPRESENTATIVE

RESIGNATION OF EXECUTIVE DIRECTOR, GENERAL MANAGER AND AUTHORISED REPRESENTATIVE

The board (the "Board") of directors (the "Director(s)") of Rizhao Port Jurong Co., Ltd. (the "Company") announces that Mr. He Zhaodi ("Mr. He") has tendered his resignation as an executive Director and the general manager of the Company on 28 April 2021 due to change in work arrangements to serve as secretary of the party committee and general manager of Rizhao Port Shangang Terminal Co., Ltd. ( 日 照 港 山 鋼 碼 頭 有 限 公 司) and general manager of Rizhao Port Lanbei Port Co., Ltd. ( 日 照 港 嵐 北 港 務 有 限 公 司). Mr. He's resignation as the general manager of the Company is effective on 28 April 2021 and his resignation as the executive Director is effective upon the approval of the shareholders of the Company (the "Shareholders") on the appointment of a new executive Director at a general meeting of the Company. Upon his resignation as the executive Director, Mr. He will cease to be the authorised representative of the Company (the "Authorised Representative") under Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

Mr. He confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that needs to be brought to the attention of the Shareholders and the Stock Exchange.

The Board would like to express its sincere gratitude to Mr. He for his invaluable contribution to the Company during his term of office with the Company.

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APPOINTMENT OF DEPUTY GENERAL MANAGER

The Board is pleased to announce that Mr. Zhang Feng ("Mr. Zhang") has been appointed as the deputy general manager of the Company with effect from 28 April 2021.

PROPOSED ELECTION OF EXECUTIVE DIRECTOR AND PROPOSED APPOINTMENT OF AUTHORISED REPRESENTATIVE

The Board further announces that Mr. Zhang has been nominated for election as an executive Director in the annual general meeting of the Company to be held on 20 May 2021 (the "AGM"), and the Board proposes to appoint Mr. Zhang in replacement of Mr. He as the Authorised Representative upon the approval of the Shareholders on his appointment as an executive Director at the AGM.

Biographical details of Mr. Zhang are set out as follows:

Mr. Zhang Feng, aged 46, graduated from the Department of Electrical Engineering, Shandong University ( 山 東 大 學) with a bachelor's degree in mechatronics. In December 2008, he obtained a bachelor's degree in business administration jointly issued by Dongbei University of Finance and Economics ( 東 北 財 經 大 學) and China Central Radio and Television University ( 中 央 廣 播 電 視 大 學). He is a senior economist and engineer. From April 2007 to November 2007, he served as the deputy chief of the general office of the Rizhao Port Group Co., Ltd. ( 日 照 港 集 團 有 限 公 司) ("Rizhao Port Group"). From November 2007 to May 2012, he was the chief duty supervisor of Rizhao Port Group. From May 2012 to December 2013, he served as the chief of the general office of the Rizhao Port Group. From December 2013 to December 2016, he served as the captain of the general department of the labor union of Rizhao Port Group. From December 2016 to August 2019, he served as the deputy general manager, a member of discipline inspection committee and the chairman of the labor union of the Company. From August 2019 to April 2021, he served as a member of the party committee and deputy general manager of Second Harbor Company of Rizhao Port Co., Ltd. ( 日 照 港 股 份 有 限 公 司 第 二 港 務 分 公 司). Since April 2021, Mr. Zhang is a member of the party committee and deputy general manager of the Company.

Save as disclosed above, as at the date of this announcement, Mr. Zhang (i) does not have any relationship with any Directors, supervisors, senior management, substantial shareholders or controlling shareholders (as defined in the Listing Rules) of the Company; (ii) does not hold any other directorships in any public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; (iii) does not hold any other positions in the Company; and (iv) has no interest in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

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Save as disclosed above, there are no other matters in connection with the above appointment that need to be disclosed according to Rules 13.51(2) (h) to (v) of the Listing Rules or to be brought to the attention of the Shareholders.

Subject to the approval by the Shareholders at the AGM, the Company will enter into a service contract with Mr. Zhang in respect of his appointment as an executive Director for a term commencing from the date of approval by the Shareholders at the AGM until the expiry of the current session of the Board, and his annual remuneration will be determined by the Board with reference to his duties, responsibilities, experience and the market condition.

Upon the approval of the Shareholders on the appointment of Mr. Zhang as the executive Director at the AGM followed by his appointment as the Authorised Representative by the Board, the Authorised Representatives will be Mr. Zhang and Ms. Kwan Sau In, a joint company secretary of the Company.

A circular containing, among other things, further details of the proposed appointment of Mr. Zhang as the executive Director, together with the supplemental notice of AGM and the revised proxy form, will be dispatched to the Shareholders as soon as practicable.

By Order of the Board

Rizhao Port Jurong Co., Ltd.

Wang Yufu

Chairman

Rizhao, PRC, 28 April 2021

As at the date of this announcement, the Board comprises Mr. Wang Yufu as Chairman and non-executive Director; Mr. He Zhaodi as executive Director; Mr. Pay Cher Wee, Mr. Ooi Boon Hoe and Mr. Jiang Zidan as non-executive Directors; and Mr. Zhang Zixue, Mr. Lee Man Tai and Mr. Wu Xibin as independent non-executive Directors.

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