The Board of Directors (the “Board”) of China Merchants Port Holdings Company Limited (“CMPort”, HKSE Code: 0144) announces that it has resolved to appoint Mr. Fu Gangfeng as Executive Director and Chairman of the Board to succeed Mr. Li Xiaopeng, who has resigned as Executive Director and the Chairman of the Board of CMPort due to change of work arrangement, with effective from 20 March 2018.
Mr. Fu Gangfeng, aged 51, is the Director and Group President of China Merchants Group Limited (“China Merchants Group”). He graduated from Xi’an Highway Scientific Academy with a Bachelor Degree of Finance in September 1987 and a Master Degree of Engineering Management in May 1990, respectively, and became a Certified Senior Accountant. Prior to joining of the Company, Mr. Fu successively served as the Deputy Director of the Zhong Hua (Shekou) Certified Public Accountants, the Director of the Chief Accountant Office and Chief Accountant of China Merchants Shekou Industrial Zone Co., Ltd. and the Chief Financial Officer of China Merchants Shekou Holdings Co., Ltd. and China Merchants Shekou Industrial Zone Co., Ltd., and has been General Manger of Finance Department, Vice Chief Financial Officer and Chief Financial Officer of China Merchants Group. Mr. Fu was an Executive Director of the Company from 1 June 2015 to 29 November 2016. He is currently also a Vice Chairman of China Merchants Shekou Industrial Zone Holdings Co., Ltd., shares of which is listed on the Shenzhen Stock Exchange, the Director of China Merchants Bank Co., Ltd., shares of which are listed on both the Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited.
Mr. Fu Gangfeng said,“It’s my pleasure to serve as the Chairman of the Board of CMPort. I will continue to lead CMPort in accordance with the established development strategy to further enhance its ability, quality and efficiency, continuously deepen reform and transformation process through innovation, and steadily promote to become a globally competitive world’s leading enterprise. CMPort will continue to improve the overall competitiveness of homebase ports, strengthen its operation capability, expand its overseas network, conduct studies to participate in the consolidation of domestic ports. CMPort will continue to promote the onging transformation into a comprehensive port service provider, study capital operation and specific models of the integration of industry and finance, and enhance its capital market performance by maximizing profitability.”
Mr. Hu Jianhua, Vice Chairman of CMPort, said, “the Company successfully achieved four major transformations under Mr. Li Xiaopeng’s three-year leadership namely “accelerated business development, increased capital contribution, increased market influence, and improved global reputation” by achieved breakthroughs among six major aspects including homebase port development, ports consolidation, overseas expansion, capital management in existing portfolio by integration of industry with elements of finance, operational transformation and business innovation. On behalf of the Board, I would like to express my sincere gratitude to Mr. Li Xiaopeng and wish him greater success in his new job.”
Mr. Bai Jingtao, Managing Director of the Company, added, “With the support of China Merchants Group, the guidance of the Board, and the dedicated effort of everyone within the Company, the management team will continue to execute and implement the designated plans， adopt stable financial policies, optimize the asset structure and increase the efficiency of the existing assets of ports， to deliver sound results and hence better investment returns to our shareholders. ”
Fu Gangfeng, Executive Director and Chairman of the Board of CMPort
Hu Jianhua, Vice Chairman of CMPort
Bai Jingtao, Managing Director of CMPort