Dalian Port PDA : RESIGNATION OF CHAIRMAN OF THE BOARD, GENERAL MANAGER AND NON-EXECUTIVE DIRECTORS AND CHANGE IN COMPOSITION OF BOARD COMMITTEES

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Dalian Port (PDA) Company Limited*

大連港股份有限公司

(a sino-foreign joint stock limited company incorporated in the People's Republic of China)

(Stock Code: 2880)

RESIGNATION OF CHAIRMAN OF THE BOARD,

GENERAL MANAGER AND NON-EXECUTIVE DIRECTORS

AND

CHANGE IN COMPOSITION OF BOARD COMMITTEES

The board of directors (the "Board") of Dalian Port (PDA) Company Limited* (the "Company") announces the following:

1. Mr. XU Song ("Mr. Xu") has tendered his resignation as the chairman of the Board, a non-executive director of the Company, the chairman of each of the strategic development committee of the Company and the financial management committee of the Company as a result of work re-arrangement with effect from 16 December 2019;
2. Mr. YIM Kong ("Mr. Yim") has tendered his resignation as a vice chairman of the Board and a non-executive director of the Company as a result of work re-arrangement with effect from 17 December 2019; and
3. Mr. WEI Minghui ("Mr. Wei") has tendered his resignation as a general manager of the Company as a result of work re-arrangement with effect from 17 December 2019.

Each of Mr. Xu, Mr. Yim, and Mr. Wei has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation of the aforesaid position(s) that needs to be brought to the attention of the shareholders of the Company. The resignation of the each of Mr. Xu and Mr. Yim will not cause the number of Directors to fall below the relevant requirements.

According to the articles of association of the Company, Mr. CAO Dong, the vice chairman of the Board and a non-executive director of the Company, will act as the acting chairman of the Board to tentatively hold office as the chairman of the Board until a new chairman is elected, following the resignation of Mr. Xu.

The Board will nominate suitable candidates to act as the chairman of the Company and directors of the Company as soon as practicable and will make necessary announcement as and when appropriate.

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The number of members of the financial management committee of the Company and the strategic development committee of the Company will be lower than the required numbers in accordance with the Company's internal requirements after the resignation of Mr. Xu. The Board will nominate suitable candidates to fill the vacancy of the aforesaid committees as soon as practicable and will make necessary announcement as and when appropriate.

The Board would like to take this opportunity to express its sincere appreciation to each of Mr. Xu, Mr. Yim and Mr. Wei for their contributions to the Company during their terms of office.

By Order of the Board

Dalian Port (PDA) Company Limited*

WANG Huiying LEE, Kin Yu Arthur

Joint Company Secretaries

Dalian City, Liaoning Province, the PRC

17 December 2019

As at the date of this announcement, the Board comprises:

Executive Director: WEI Minghui

Non-executiveDirectors: CAO Dong, LI Jianhui and YUAN Yi

Independent non-executiveDirectors: WANG Zhifeng, SUN Xiyun and LAW Man Tat

• The Company is registered as Non-Hong Kong Company under Part XI of the previous Companies Ordinance (equivalent to Part 16 of the Companies Ordinance with effect from 3 March 2014) under the English name "Dalian Port (PDA) Company Limited".
• For identification purposes only

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