Ms. CHENG, aged 50, is currently the deputy general manager of the Company and the deputy general manager and a member of the Party Committee of COSCO SHIPPING Lines Co., Ltd. (a wholly-owned subsidiary of the Company). She also serves as the director of the Corporate Strategy Development Department, the Dual-Brand Capacity and Shipping Network Planning Center, the Dual-Brand Container Management Center and the Dual-Brand Procurement Management Center of Orient Overseas Container Line Limited, and the chairwoman of the board of several subsidiaries of the Company. Ms. CHENG started her career in 1998 and served successively as the deputy manager of the Strategic Planning Division under the Strategic Development Department, the manager of the Planning and Cooperation Division under the Strategic Development Department, and the deputy general manager of the Strategic Development Department of COSCO Container Lines Co., Ltd. (currently known as COSCO SHIPPING Lines Co., Ltd.), the deputy general manager, executive deputy general manager, and general manager of the Shipping Network Planning Department, and the general manager of the Dual-Brand Capacity and Shipping Network Planning Center of COSCO SHIPPING Lines Co., Ltd. Ms. CHENG holds a master’s degree in business administration from Fudan University and is a senior economist.