Mr. IP Sing Chi, Eric, was appointed a Director on 9 May 2008. He is the Managing Director of Hongkong International Terminals Limited and Executive Director of Hutchison Port Holdings, both of which are not listed public companies. Mr. IP is a director of Hyundai Merchant Marine Co. Ltd., which is listed on the Korea Stock Exchange. He is the Chairman of the Shipping & Port Operations Group of Employers' Federation of Hong Kong. He has over 30 years' management experience in shipping and container terminal fields.