COSCO SHIPPING Development Co., Ltd. — Board/Management Information 2008

Sep 2, 2008

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(A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock code: 02866)

CLARIFICATION ANNOUNCEMENT

Reference is made to the announcement of China Shipping Container Lines Company Limited (the “ Company ”) dated 29 September 2007 regarding, amongst other things, results of the EGM held on 29 September 2007 and appointment of Mr. Shen Zhongying as an independent non-executive director of the Company.

The board of directors of the Company (the “ Board ”) would like to clarify that the appointment of Mr. Shen as an independent non-executive director came into effect on 10 October 2007, being the date on which the related amendments to the articles of association of the Company were approved by the relevant regulatory authority.

Please refer to the aforesaid announcement for the biographical details of Mr. Shen which were disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Save and except that Mr. Shen is no longer a member of the Standing Committee of the Shanghai Municipal People’s Congress since 31 January 2008, all remaining biographical details of Mr. Shen stated in the aforesaid announcement remain unchanged since the date of the aforesaid announcement to the date of this announcement.

By order of the Board of China Shipping Container Lines Company Limited Ye Yumang Company Secretary

Shanghai, the People’s Republic of China 1 September 2008

The Board as at the date of this announcement comprises of Mr. Li Shaode, Mr. Zhang Guofa, Mr. Huang Xiaowen and Mr. Zhao Hongzhou, being executive Directors, Mr. Ma Zehua, Mr. Zhang Jianhua, Mr. Lin Jianqing, Mr. Wang Daxiong, Mr. Yan Zhichong and Mr. Xu Hui, being nonexecutive Directors, and Mr. Hu Hanxiang, Mr. Jim Poon (also known as Pan Zhanyuan), Mr. Wang Zongxi, Mr. Shen Kangchen and Mr. Shen Zhongying, being independent non-executive Directors.

• The Company is registered as a non-Hong Kong company under Part XI of the Companies Ordinance (Chapter 32 of the Laws of Hong Kong) under its Chinese name and the English name “China Shipping Container Lines Company Limited”.