CSSC (Hong Kong) Shipping Company Limited announced that, with effect from 29 September 2022: (1) Mr. Li Wei (Mr. Li) has resigned as a non-executive Director, a member of the audit committee of the Company (the Audit Committee) and a member of the strategic and investment committee of the Company (the Strategic and Investment Committee), and (2) Ms. Zhang Yi (Ms. Zhang) has been appointed as a non-executive Director, a member of the Audit Committee and a member of the Strategic and Investment Committee. Resignation of non-executive director: The Board announces that, with effect from 29 September 2022, Mr. Li has resigned as a non-executive Director, a member of the Audit Committee and a member of the Strategic and Investment Committee due to work arrangement. Mr. Li has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company (the Shareholders).

The Board would like to take this opportunity to express its gratitude to Mr. Li for his outstanding contribution to the Company during his tenure of office. Appointment of non-executive director: The Board announced that, with effect from 29 September 2022, Ms. Zhang has been appointed as a non-executive Director, a member of the Audit Committee and a member of the Strategic and Investment Committee. The biographical details of Ms. Zhang are set out below: Ms. Zhang, aged 51, is currently serving as the chief risk management executive officer, compliance officer, risk control director, general manager of the risk control center of China Re Asset Management Co.

Ltd. and the executive director, general manager and the chief risk officer of China Re Asset Management (Hong Kong) Company Limited She is also the non-executive director . of Beijing Jingneng Clean Energy Co., Limited, the shares of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited). Ms. Zhang has extensive work experience in investment management, risk control and compliance management.

From August 1993 to August 2003, Ms. Zhang successively served as a cadre of the business department of the People's Insurance Company of China a cadre of the capital division of the planning and finance department of, China Insurance Reinsurance Co. Ltd. the chief staff member, of the capital division of the planning and finance department, the chief member of the fund utilization department, the deputy director of the bond division of the fund utilization department, the director of the bond division of the fund utilization department, and the manager of the bond business department of the investment management center of China Reinsurance Company From August 2003 to February 2005, she served . as the manager of the bond business department of the investment management center of China Reinsurance (Group) Corporation From February 2005 .

to May 2009, she served as the assistant general manager of the risk control department and portfolio management department of China Re Asset Management Co. Ltd. From May 2009 to April 2015, she successively served as deputy . general manager of risk control and compliance department, general manager of risk control and compliance department, head of general management department, general manager of general management department, and general manager of internal control and compliance risk management department of China Re Asset Management Co.

Ltd. From May 2015 to January 2019, she served as the general manager of the asset . management department of China Continent Property & Casualty Insurance Co. Ltd. From January 2019 to May 2021, she successively served as the .

risk control director, general manager of risk control center, interim chief risk management officer, interim compliance officer, chief risk management officer, and compliance officer of China Re Asset Management Co. Ltd. Since May 2021, . she has been serving as the chief risk management executive officer, compliance officer, risk control director, and general manager of risk control center of China Re Asset Management Co.

Ltd. and the chief risk officer of China Re Asset, Management (Hong Kong) Co. Ltd. Since July 2022, she . has also been serving as the general manager of China Re Asset Management (Hong Kong) Co.

Ltd. Since August 2022, she has been serving as the . non-executive director of Beijing Jingneng Clean Energy Co., Limited the shares of which are listed on the Main Board of The Stock Exchange, of Hong Kong Limited). Ms. Zhang graduated from Dongbei University of Finance and Economics, majoring in international finance and obtained a bachelor's degree in economics in July 1993.

Ms. Zhang holds the economist professional and technical qualification.