Annual Report 2023

Notes to the Consolidated Financial Statements For the year ended 31 December 2023 140 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 9. DIRECTORS’ EMOLUMENTS (CONTINUED) 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. Wang Xiufeng resigned as the Vice Chairman of the Board of Director, the Chief Executive Officer and an executive director of the Company on 24 July 2023. (iii) Mr. Xu Song has been redesignated from the Managing Director of the Company to the Vice Chairman of the Board of Directors and the Chief Executive Officer of the Company on 24 July 2023. (iv) Mr. Lu Yongxin has been appointed as the Managing Director of the Company on 24 July 2023. (v) Mr. Tu Xiaoping was appointed as an executive director of the Company on 8 December 2022. (vi) Mr. Feng Boming has been appointed as the Chairman of the Board of Directors and a non-executive director of the Company on 24 July 2023. (vii) Mr. Yim Kong has been redesignated from the Managing Director of the Company to the Vice Chairman of the Board of Director of the Company on 22 June 2022. Mr. Yim Kong has been redesignated from an executive director to a non-executive director of the Company on 8 December 2022. (viii) Mr. Wang Zhixian resigned as an executive director of the Company and Mr. Yang Guolin was appointed as an executive director of the Company on 22 June 2022. Mr. Yang Guolin has been redesignated from an executive director to a non-executive director of the Company on 8 December 2022. (ix) Mr. Deng Renjie has resigned as the Chairman of the Board of Director and a non-executive director of the Company on 24 July 2023. (x) Mr. Liu Weiwu has been redesignated from an executive director to a non-executive director of the Company on 2 September 2022. Mr. Liu Weiwu resigned as a non-executive director of the Company on 8 December 2022. (xi) Mr. Deng Weidong has been redesignated from an executive director to a non-executive director of the Company on 2 September 2022. Mr. Deng Weidong resigned as a non-executive director of the Company on 8 December 2022. (xii) Mr. Lee Yip Wah Peter resigned as an independent non-executive director of the Company and Mr. Chan Hiu Fung Nicholas was appointed as an independent non-executive director on 8 December 2022. (xiii) Mr. Kut Ying Hay resigned as an independent non-executive director of the Company and Ms. Chan Yuen Sau Kelly was appointed as an independent non- executive director on 21 March 2023. (xiv) Mr. Wong Chi Wing has been appointed as an independent non-executive director of the Company on 24 July 2023. (xv) Ms. Wong Pui Wah was appointed as an independent non-executive director of the Company on 2 September 2022. (xvi) Mr. Bong Shu Ying Francis retired as an independent non-executive director of the Company on 2 June 2023. (xvii) 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.