Rizhao Port Jurong Co., Ltd. at the AGM held on May 28, 2024, the shareholders announced that each of Mr. Zhou Tao ("Mr. Zhou") and Ms. Liu Rong ("Ms. Liu") was appointed as a non-executive Director; and (ii) Mr. Chen Zhou was appointed as an Executive Director. Following each of Mr. Zhou and Ms. Liu's appointment as a non-executive Director at the AGM, (i) the resignation of Mr. Cui Liang ("Mr. Cui") as the non-executive Director and the chairman of the Board takes effect immediately and Mr. Cui ceased to be the chairman of the Nomination Committee with immediate effect; and (ii) the resignation of Mr. Chen Lei ("Mr. Chen") as the non-executive Director takes effect immediately and Mr. Chen ceased to be the member of the Audit Committee with immediate effect. Following Mr. Chen Zhou's appointment as an Executive Director at the AGM, the resignation of Mr. Qin Yuning ("Mr. Qin") as the executive Director takes effect immediately and Mr. Qin ceased to be the Authorised Representative with immediate effect.

The Board announced that, at the meeting of the Board convened on the same day following the AGM, (i) Mr. Zhou has been appointed as the chairman of the Board and the chairman of the Nomination Committee; (ii) Ms. Liu has been appointed as a member of the Audit Committee; and (iii) Mr. Chen Zhou has been appointed as the Authorised Representative, with immediate effect.