China Taiping Port Exchange Announcement: The Board of Directors announces that Mr. Xiao Xin has resigned from his positions as Executive Director, Deputy General Manager, Member of the Corporate Governance Committee, and Member of the Risk Management Committee of the Company due to personal reasons. The resignation will take effect from July 18, 2023. Mr. Xiao has confirmed that there are no disagreements with the Board of Directors and that there are no matters related to his resignation that need to be notified to the shareholders of the Company.