COSCO Shipping Development shareholders elect Wang Kunhui as executive director

COSCO Shipping Development Co., Ltd. announced the successful passing of an ordinary resolution at its extraordinary general meeting (EGM) held on October 13, 2025. The key resolution approved was the appointment of Wang Kunhui as an executive director of the company. The EGM, conducted at the Ocean Hotel in Shanghai, saw 99.7847% of total voting shares cast in favor of the resolution.

As of the EGM date, the total number of issued shares was 13.197 bn, comprising 9.751 bn A shares and 3.445 bn H shares. A total of 1,420 shareholders and authorized proxies, representing 49.8590% of total voting shares, participated. The voting process combined on-site and online methods, scrutinized by SHINEWING Certified Public Accountants, LLP, and reviewed by Grandall Law Firm (Shanghai).

Following this appointment, the board of directors now comprises Zhang Mingwen and Wang Kunhui as executive directors, Ip Sing Chi and Zhang Xueyan as non-executive directors, and Shao Ruiqing, Chan Kwok Leung, and Wu Daqi as independent non-executive directors. Wang Kunhui also assumes roles on the investment strategy and executive committees.