Qingdao Port International delays board and supervisory committee election

Qingdao Port International Co., Ltd. announced that the election of the new session of its board of directors ("Board") and the supervisory committee ("Supervisory Committee") will be delayed as the nomination of candidates and reform of the Supervisory Committee have not yet been completed, extending the terms of the current Board and management beyond their original expiry date of June 27, 2025. The existing Board, its special committees, the Supervisory Committee, and senior management will continue to fulfill their obligations until the new elections and reforms are finalized. The company assures that this postponement will not impact normal operations and pledges to actively work towards the election of the new session while maintaining timely disclosure obligations.