On the afternoon of August 21, the Company’s 34th meeting of the Third Board of Directors, the first Shareholders' Meeting, the first meeting of the Fourth Board of Directors and the first meeting of the First Board of Supervisors were held in Dalian. Mr. Lian Yanfeng, Chairman and Secretary of the Party Committee of CHI, Mr. Jiang Jijiang, Director and President of CHI, Mr. Keigo Imamura, Head of Shipbuilding and Marine Department of KHI, Mr. Gao Yongqiang, President and Secretary of the Party Committee (COSCOSHIPPING), and Mr. Junji Maeda, President (KHI), attended the meetings.

The 34th meeting of the Third Board of Directors listened to, deliberated and approved the Resolution on the Change of the Highest Authority of the Company; the first Shareholders' Meeting listened to, deliberated and approved the Resolution on Amendments to the Articles of Association, the Resolution on the Appointment and Removal of the Legal Representative and the Chairman and Vice Chairman of the Fourth Board of Directors, the Resolution on the Appointment and Removal of Directors of the Fourth Board of Directors, and the Resolution on the Appointment of Supervisors of the First Board of Supervisors.

The first meeting of the Fourth Board of Directors listened to, deliberated and approved the Report on Summary of Work in the First Half of 2024 and the Work Ideas for the Second Half of the Year, the Business Plan Proposal, the 2024 Fixed Assets Investment Plan (Mid-year Adjustment) and the relevant appointment and removal resolutions of the management team, as well as listened to the explanations on Organizational Structure and Cadre Allocation; the first meeting of the First Supervisor Board listened to, deliberated and approved the Resolution on the Election of the Chairman of the First Board of Supervisors, and listened to the explanation on Relevant Functions and Powers of Supervisors and the Board of Supervisors under Company Law.

The above series of meetings adjusted the corporate governance structure in accordance with the provisions of the new version of the Foreign Investment Law and the Company Law, and improved the modern corporate governance structure with the Shareholders' Meeting as the highest authority, the Board of Directors as the operational decision-making body, the President's Office as the executive body for operation and management, and the Board of Supervisors as the supervisory and guarantee body.

The Board of Directors fully affirmed the Company's production and operations in the first half of the year, expressing their hope for the Company to proactively navigate through the current intricate and volatile market environment. They emphasized the importance of steadfast operation, grounded on lean management principles, while continuously enhancing the enterprise's core competitiveness and its capacity for risk prevention and control, so as to maintain the industry-leading position. At the same time, there is a call to further strengthen N/D synergy and advance "Three Unities"

construction within the Company, with the aim to make fresh and substantial contributions to the development of both shareholders. 

Relevant personnel from CHI, KHI and the Company attended the meetings.