The board of directors of Xinghua Port Holdings Ltd. announced that Mr. Kor Tor Khoon has ceased to be the chief executive officer and has been re-designated as the Chief Commercial Officer of the Group with immediate effect. Mr. Patrick Ng Bee Soon, the chairman of the Board and an executive director of the Company, will assume the operational role of the chief executive officer. Mr. Kor will remain as an executive director of the Company for the remaining term of his current tenure which is due to expire in February 2021.

Mr. Kor's appointment as a director is subject to retirement by rotation and re-election at annual general meetings in accordance with the Constitution of the Company.