Three New Independent Directors Appointed at COSCO SHIP ENGY

COSCO SHIP ENGY (ASX: 01138) has announced the appointment of three new independent non-executive directors.

At the company's annual general meeting, shareholders formally approved the appointments of Mr. Li Jianhui, Mr. Chen Gang, and Ms. Cheng Yan to the board.

Their terms of office commenced on the date the relevant resolutions were passed at the AGM and will continue until the conclusion of the current board's term.

The appointments follow several resignations from the board. Mr. Zhu Majin has resigned from his positions as executive director, member of the board strategy committee, and general manager due to work adjustments.

Mr. Wang Zuwen stepped down as an independent non-executive director and from his roles as chairman of the board nomination committee and member of the board remuneration and assessment committee and the board risk and compliance management committee, citing personal work arrangements.

Furthermore, Mr. Huang Weide resigned as an independent non-executive director and from his positions as chairman of the board audit committee and member of the board nomination and remuneration committees, having completed a six-year term.

Mr. Li Runsheng also resigned as an independent non-executive director and from his roles as chairman of the board remuneration committee and member of the board strategy and nomination committees upon completing his term.

Mr. Zhao Jinsong resigned as an independent non-executive director and from his positions as chairman of the board risk and compliance committee and member of the board strategy and nomination committees.

These resignations took effect upon the conclusion of the annual general meeting.

Concurrently, the board has made new committee assignments for the incoming directors. Mr. Li Jianhui has been appointed as chairman of the board audit committee and as a member of the nomination, remuneration, and risk and compliance management committees.

Mr. Chen Gang has been appointed as chairman of the board remuneration and assessment committee and as a member of the strategy, nomination, and audit committees.

Ms. Cheng Yan has been appointed as chairman of the board nomination committee and as a member of the strategy, remuneration, and risk and compliance management committees.

Additionally, Mr. Wang Wei has been appointed as chairman of the board risk and compliance management committee.