Annual Report 2021

Corporate Governance Report 34 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED The Board of Directors (the “ Board ”) of the Company is pleased to present this Corporate Governance Report in the Company’s Annual Report for the year ended 31 December 2021. The Board is committed to uphold a high standard of corporate governance practices and business ethics with the firm belief that they are essential for maintaining and promoting investors’ confidence and maximising shareholders’ returns. The Board reviews its corporate governance practices from time to time in order to meet the rising expectations of stakeholders and comply with increasingly stringent regulatory requirements, and to fulfill its commitment to excellence in corporate governance. CORPORATE GOVERNANCE In the opinion of the Directors, the Company has complied with the requirements under the Companies Ordinance, the Securities and Futures Ordinance for, among other things, the disclosure of information, and the code provisions that were in force as set out in the Corporate Governance Code (the “ Corporate Governance Code ”) contained in Appendix 14 to the Rules Governing the Listing of Securities (the “ Listing Rules ”) on The Stock Exchange of Hong Kong Limited (the “ HKSE ”) which sets out the corporate governance principles and code provisions with which listed issuers are expected to follow and comply throughout the year ended 31 December 2021 except the following:- In respect of the then Code Provision E.1.2 under the Corporate Governance Code, Mr. Deng Renjie, the Chairman of the Board, did not attend the annual general meeting of the Company held on 1 June 2021 due to business trip. Mr. Zheng Shaoping, the then Executive Director and Deputy General Manager of the Company, took chair of the annual general meeting according to the Company’s Articles of Association. In order to ensure effective communication with the shareholders, chairmen of the Audit Committee and Remuneration Committee, other Board members and the external auditor were present at the annual general meeting of the Company held on 1 June 2021 to answer shareholders' questions. BOARD OF DIRECTORS The Board of the Company comprises: Executive Directors Gender Ethnicity Age Length of service (years) Deng Renjie (Chairman) Male Chinese 51 1.9 Wang Xiufeng (Vice Chairman and Chief Executive Officer) (appointed on 26 August 2021) Male Chinese 51 0.4 Liu Weiwu (appointed on 22 March 2021) Male Chinese 57 0.8 Deng Weidong (appointed on 28 October 2021) Male Chinese 54 0.2 Yim Kong (Managing Direcotr) (appointed on 3 November 2021) Male Chinese 49 0.2 Wang Zhixian Male Chinese 56 5.8 Su Jian (resigned on 22 March 2021) Male Chinese 49 3.4 Xiong Xianliang (resigned on 28 October 2021) Male Chinese 54 3.4 Bai Jingtao (Managing Director) (resigned on 26 August 2021) Male Chinese 56 6.2 Ge Lefu (resigned on 26 August 2021) Male Chinese 58 2.2 Zheng Shaoping (resigned on 10 August 2021) Male Chinese 58 9.5 Independent Non-executive Directors Gender Ethnicity Age Length of service (years) Kut Ying Hay Male Chinese 66 29.6 Lee Yip Wah Peter Male Chinese 79 20.5 Li Ka Fai David Male Chinese 66 14.6 Bong Shu Ying Francis Male Chinese 79 11.5