Annual Report 2021

CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 134 Notes to the Consolidated Financial Statements For the year ended 31 December 2021 9. DIRECTORS’ EMOLUMENTS (CONTINUED) The executive directors’ emoluments shown above were paid for their services in connection with the management of the affairs of the Company and the Group. The independent non-executive directors’ emoluments shown above were paid for their services as directors of the Company. Notes: (i) Bonus is recommended by the Remuneration Committee and is approved by the Board of Directors, having regard to the Group’s operating results, individual performance and comparable market statistics. (ii) Mr. Su Jian resigned as an executive director of the Company and Mr. Liu Weiwu was appointed as an executive director of the Company on 22 March 2021. (iii) Mr. Xiong Xianliang resigned as executive director of the Company and Mr. Deng Weidong was appointed as executive director of the Company on 28 October 2021. (iv) Mr. Bai Jingtao resigned as the Managing Director of the Company and Mr. Wang Xiufeng was appointed as the Managing Director of the Company on 26 August 2021. Mr. Wang Xiufeng has been redesignated from the Managing Director to the Vice Chairman of the Board of Directors of the Company and the Chief Executive Officer of the Company on 3 November 2021. (v) Mr. Ge Lefu resigned as an executive director of the Company on 26 August 2021. (vi) Mr. Zheng Shaoping resigned as an executive director of the Company on 10 August 2021. (vii) Mr. Yim Kong was appointed as the Managing Director of the Company on 3 November 2021. (viii) There was no arrangement under which a director agreed to waive any remuneration during the year. No remuneration or director’s fee from the Company were paid to the executive directors who had not entered into employment contract with the Company.