Mr. XU, aged 50, is currently an executive Director and the deputy general manager of the Company, the president of COSCO SHIPPING (North America) Inc., a director, the general manager and a deputy party secretary of COSCO SHIPPING Lines Co., Ltd. (a wholly-owned subsidiary of the Company), the president of COSCO SHIPPING Lines (NorthAmerica) Inc., and the chairman of the board of several subsidiaries of the Company. Mr. XU started his career in 1997 and previously served as the deputy manager and manager of the coastal business department of Shanghai Pan Asia Shipping Co., Ltd. (上海泛亞航運有限公司), the deputy general manager of COSCO (Shanghai) International Freight Co., Ltd. (上海中 遠國際貨運有限公司), the deputy general manager and the general manager of COSCO International Freight (Wuhan) Co., Ltd. (武漢中遠國際貨運有限公司) and the general manager of COSCO SHIPPING Lines (Shanghai) Co., Ltd. (上海中遠海運 集裝箱運輸有限公司). Mr. XU Feipan holds a master’s degree in business administration from Fudan University and is an economist.