Hu Hanxiang Quits Sinotrans Shipping Ltd
The board of directors of Sinotrans Shipping Limited announced that due to retirement, Mr. Hu Hanxiang has tendered his resignations as independent non-executive director, chairman of the remuneration committee and committee member of the nomination committee of the Board of the Company with effect from 5 August 2014.
Mr. Hu has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.
The Board of the Company further announces that Mr. Zhou Qifang, an independent non-executive director of the Company, was appointed as the chairman of the remuneration committee in replacement of Mr. Hu Hanxiang with effect from 5 August 2014.
The Board of the Company would like to take this opportunity to express its gratitude and appreciation to Mr. Hu for his valuable contribution to the Company in the past.