Cosco Shipping Development Company Limited(601866)
Work report of independent directors in 2021
As an independent director of Cosco Shipping Development Company Limited(601866) (hereinafter referred to as “the company”), in accordance with the provisions of the company law, the securities law, the rules for independent directors of listed companies, the articles of association, the working system of independent directors and other laws and regulations, and in accordance with the guidelines for the format of work report of independent directors of Shanghai Stock Exchange, the performance of duties in 2021 is reported as follows: I. Basic information of independent directors
(I) personal work experience, professional background and part-time work
The sixth board of directors of the company has four independent non-executive directors: Mr. Cai Hongping, Mr. Lu Jianzhong, Ms. Zhang Weihua and Mr. Shao Ruiqing (Ms. Xi Zhiyue and Mr. Graeme Jack retired on June 29, 2021 due to the expiration of their six-year term of office; on the same day, Mr. Shao Ruiqing officially served as the independent non-executive director of the company). The work experience, professional background and part-time work of independent directors are as follows:
Mr. Cai Hongping, born in 1954, is currently a non-executive director of the company. At the same time, he served as chairman of hande capital, China Eastern Airlines Corporation Limited(600115) independent non-executive director (listed on Shanghai Stock Exchange and stock exchange, stock code: sh China Eastern Airlines Corporation Limited(600115) / hk0670), Shanghai Pudong Development Bank Co.Ltd(600000) independent non-executive director (listed on Shanghai Stock Exchange, stock code: sh Shanghai Pudong Development Bank Co.Ltd(600000) ) and Byd Company Limited(002594) (listed on Shenzhen Stock Exchange, stock code: Byd Company Limited(002594) . SZ). From 1987 to 1991, he worked in the industry and Transportation Administration Commission of Shanghai municipal government and Sinopec Shanghai Petrochemical Company Limited(600688) ( China Petroleum & Chemical Corporation(600028) Shanghai Petrochemical Co., Ltd., listed on the stock exchange, stock code: 338; listed on the Shanghai Stock Exchange, stock code: Sinopec Shanghai Petrochemical Company Limited(600688) ; listed on the New York Stock Exchange, stock code: Shi), and participated in the whole process of the first batch of H shares Sinopec Shanghai Petrochemical Company Limited(600688) to be listed in Hong Kong and the United States. From 1992 to 1996, he served as one of the members of the overseas listing steering group of Chinese enterprises of the State Council’s National Economic Reform Commission and the chairman of the joint meeting of the secretaries of the board of directors of China’s H-share companies. From 1996 to 1997, he served as general manager of Peregrine Asia Investment Bank and co director of Peregrine Asia Investment Bank in Paris from 1997 to 2006. From 2006 to 2010, he served as the chairman of UBS Investment Bank in Asia. From 2010 to 2015, he served as executive chairman of Deutsche Bank Asia Pacific. Mr. Cai holds a bachelor’s degree from Hong Kong, China, and graduated from Fudan University majoring in journalism.
Mr Lu Jianzhong
Born in 1954, he is now an independent non-executive director of the company. In January 1983, he graduated from the accounting department of Shanghai University of Finance and economics with a bachelor’s degree in economics, and began to engage in financial work in the same year. From September 1986 to August 1997, he was a lecturer and associate professor in the Department of Finance and accounting of Shanghai Maritime University; From September 1997 to June 2012, he was certified public accountant and partner of Audit Department of PricewaterhouseCoopers Zhongtian certified public accountants; From July 2012 to September 2016, he served as partner of Shanghai De’an certified public accountants, marketing director of Daxin certified public accountants and partner of zhongxinghua certified public accountants; From October 2016 to now, he has been the certified public accountant of Dahua certified public accountants; At present, he is also the supervisor of Hangzhou Hikvision Digital Technology Co.Ltd(002415) (listed on Shenzhen Stock Exchange, stock code: Hangzhou Hikvision Digital Technology Co.Ltd(002415) ), the independent director of Bomesc Offshore Engineering Company Limited(603727) (listed on Shanghai Stock Exchange, stock code: Bomesc Offshore Engineering Company Limited(603727) ), the independent director of Shanghai Xinnanyang Only Education & Technology Co.Ltd(600661) (listed on Shanghai Stock Exchange, stock code: Shanghai Xinnanyang Only Education & Technology Co.Ltd(600661) ), and the independent director of Shanghai Vico Precision Molding Co., Ltd. (to be listed on the gem of Shenzhen Stock Exchange); MPAcc / Maud enterprise tutor of Antai School of economics and management, Shanghai Jiaotong University, external expert of asset securitization research group of development research center of the State Council, and member of China Jiusan Society.
Ms. Zhang Weihua
Born in 1961, he is now an independent non-executive director of the company. Graduated from the USQ Faculty of business of the University of South Queensland, Australia, with a master’s degree in business administration, he once served as the compliance director of China Merchants Securities Co.Ltd(600999) (listed on Shanghai Stock Exchange, stock code: China Merchants Securities Co.Ltd(600999) ) and the supervisor of China Merchants Fund Management Co., Ltd. Ms. Zhang has successively served as China Merchants Securities Co.Ltd(600999) chief auditor, assistant to President, general manager of audit department, assistant to general manager of securities business department of China Merchants Bank Co.Ltd(600036) head office, etc.
Mr. Shao Ruiqing
Born in 1957, he is now an independent non-executive director of the company. At present, he is a professor of accounting at Shanghai Lixin School of accounting and Finance (grade II Professor), doctoral supervisor of Shanghai Maritime University, and concurrently serves as an independent director of Shanghai International Port (Group) Co.Ltd(600018) (Stock Code: SH Shanghai International Port (Group) Co.Ltd(600018) ), China Everbright Bank Company Limited Co.Ltd(601818) (Stock Code: SH China Everbright Bank Company Limited Co.Ltd(601818) / hk6818), China Enterprise Company Limited(600675) (Stock Code: SH China Enterprise Company Limited(600675) ), and Arcplus Group Plc(600629) (Stock Code: SH China Enterprise Company Limited(600675) ). He has been a professor of Shanghai Lixin School of accounting and finance since June 2016, a professor of Shanghai Lixin School of accounting and finance from February 2015 to may 2016, a vice president and professor of Shanghai Lixin School of accounting from February 2004 to January 2015, a dean, professor and doctoral supervisor of the school of Economics and management of Shanghai Maritime University from January 2002 to January 2014, and a vice president and professor of the school of management of Shanghai Maritime University from October 1999 to December 2001, From May 1994 to September 1999, he served as director, associate professor and professor of the Department of Finance and accounting of Shanghai Maritime University. From August 1982 to April 1994, he served as assistant, lecturer and associate professor of the Department of management and Department of economics of Shanghai Maritime University. Mr. Shao Ruiqing has been engaged in the teaching and scientific research of accounting since 1982. He has a bachelor’s degree in accounting from Shanghai Maritime University (Bachelor’s degree in Economics), a master’s degree in accounting from Shanghai University of Finance and Economics (Master’s degree in Management), and a doctor’s degree in technical economy and management from Tongji University (doctor’s degree in Management). He was employed by the Ministry of transport as a member of the financial and Accounting Expert Advisory Committee and the Ministry of finance as a consulting expert of the Government Accounting Standards Committee. He also served as the vice president of China Transportation accounting society, the executive director of China Accounting Society, the vice president of Shanghai Accounting Society and the director of the academic committee. Deputies to the 13th Shanghai Municipal People’s Congress enjoy the special allowance of the State Council.
Ms. Xi Zhiyue
Born in 1954, he once served as an independent non-executive director of the company, with more than 30 years of rich working experience in the shipping and logistics industry, and has been a consultant of Hutchison Port Group Co., Ltd. since 2016. Ms. Xi has successively served as the managing director of COSCO International Container Terminal (Hong Kong) Co., Ltd., the managing director of Yantian international container terminal, the chief executive of Hutchison Port holding trust and the consultant of Hutchison Port Group Co., Ltd.
Ms. Xi also holds positions in public service organizations. She is a member of the election committee of the chief executive of the Hong Kong Special Administrative Region (shipping and transportation sector). She has also served as a member of the Hong Kong Port Development Advisory Group and the president of the Shenzhen Port Association. Ms. Xi was honored as an honorary citizen of Shenzhen in 2011. Ms. Xi graduated from York University in Toronto, Canada and the University of Hong Kong, with a Bachelor of business administration and a master of Buddhist studies respectively.
Mr. Graeme Allan jack
Born in 1950, he was an independent non-executive director of the company. He has more than 40 years of financial and audit experience, worked at PricewaterhouseCoopers for 33 years and retired as a partner. In addition to the company, Mr. Graeme jack is currently an independent non-executive director of the Greenbrier companies, Inc., Hutchison Port holding trust and Hutchison China Meheco Group Co.Ltd(600056) Technology Co., Ltd. Mr. Graeme Jack has a Bachelor of business degree. He is a member of the Hong Kong Institute of certified public accountants and the Institute of Chartered Accountants in Australia and New Zealand.
(II) whether there are conditions affecting independence
As an independent director of the company, we do not have any of the following circumstances affecting our Independence: (1) holding any position other than an independent director in the company or its subsidiaries; (2) Having direct relatives or major social relations with employees of the company or its affiliated enterprises (direct relatives refer to spouses, parents, children, etc.; major social relations refer to brothers and sisters, parents in law, daughter-in-law and son-in-law, spouses of brothers and sisters, brothers and sisters of spouses, etc.); (3) Directly or indirectly holding more than 1% of the issued shares of the listed company or natural person shareholders among the top ten shareholders of the company and their immediate family members; (4) Directly or indirectly holding more than 5% of the issued shares of the listed company, or serving in the top five shareholder units of the listed company or being the direct relatives of their employees; (5) Having had the situations listed in the preceding four paragraphs in the most recent year;
(6) Providing financial, legal and consulting services for the company or its affiliated enterprises; (7) Other relationships with the company and its major shareholders that may hinder its independent and objective judgment; (8) Violating the provisions of the articles of association on serving as independent directors; (9) Violation of other laws and regulations on serving as independent directors. 2、 Annual performance of independent directors
(I) attendance
1. Audit Committee of the board of directors
Names of directors who should attend in person in this year number of times of absence number of times of attendance number of times of absence number of times of attendance
Lu Jianzhong 6 6 3 0 0
Cai Hongping 6 6 3 0 0
2. Nomination Committee of the board of directors
Names of directors who should attend in person in this year number of times of absence number of times of attendance number of times of absence number of times of attendance
Xi Zhiyue 1 0 0
Cai Hongping 1 0 0 0
3. Investment strategy committee of the board of directors
Names of directors who should attend in person this year number of absences entrusted by means of communication number of seats
Cai Hongping 3 0 0
Xi Zhiyue 2 00
Shao Ruiqing 1 0 0 0
Note: Ms. Xi Zhiyue resigned on June 29, 2021, and Mr. Shao Ruiqing took office on the same day. 4. Remuneration Committee of the board of directors
This year should attend in person and be absent times as entrusted by the corresponding party
Name of directors number of times of attendance
number
Cai Hongping 3 0 0
Xi Zhiyue 2 00
Graeme Jack 2 2 2 0 0
Shao Ruiqing 1 0 0 0
Note: Ms. Xi Zhiyue and Mr. Graeme Jack resigned on June 29, 2021, and Mr. Shao Ruiqing took office on the same day. 5. Risk control committee
Names of directors who should attend in person in this year number of absences entrusted by means of communication number of seats
Cai Hongping
Lu Jianzhong
Zhang Weihua
6. Board of directors
Directors should attend in person this year and entrust by means of communication whether they are absent for two consecutive names plus the number of meetings of the board of directors, the number of meetings attended and the number of meetings not attended in person plus the number of meetings
Cai Hongping 17 5 12 0 0 no
Xi Zhiyue 9
