COSCO SHIPPING Development Co., Ltd. — Board/Management Information 2011

Oct 27, 2011

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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

ANNOUNCEMENT

This announcement is made pursuant to Rule 13.09(1) of the Rules (the “Listing Rules”) Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

In accordance with the applicable rules of the Shanghai Stock Exchange of the People’s Republic of China (“PRC”) (being the stock exchange on which the A shares of China Shipping Container Lines Company Limited (the “Company”) are listed), the announcement (the “Board Resolutions Announcement”) in relation to the Fourteenth Meeting of the Third Session of the board (the “Board”) of directors (the “Directors”) of the Company has been published on the website of the Shanghai Stock Exchange on 26 October 2011. The Board Resolutions Announcement contains, among other things, the Company’s proposed acquisition of twelve vessels each with a capacity of 10,000 TEU, and the particulars of the said acquisition will be published by way of a separate announcement in compliance with the Listing Rules.

The content of the Board Resolutions Announcement is as follows:

ANNOUNCEMENT REGARDING RESOLUTION PASSED AT THE FOURTEENTH MEETING OF THE THIRD SESSION OF THE BOARD OF DIRECTORS

The Board and all the Directors of the Company hereby warrant that this announcement does not contain any false records, misleading statements or material omissions, and jointly and severally accept responsibilities for the truthfulness, accuracy and completeness of the contents of this announcement.

The Fourteenth Meeting of the Third Session of the Board of the Company was convened on 26 October 2011 by way of written resolution. All the fourteen Directors of the Company attended and voted at the meeting, and therefore the meeting was convened in accordance with the requirements of convening a Board meeting as stipulated in the Company Law and the Articles of Association of the Company. The following resolutions were considered and passed unanimously at the meeting:

1. Resolution regarding the Company’s third quarterly report for the year 2011. The third quarterly report will be published separately.

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1. Resolution regarding the construction of 8+4 10,000 TEU container vessels by the Company. It was approved that the wholly-owned subsidiary of the Company, China Shipping Container Lines (Hong Kong) Co., Ltd. (“CSCL HK”), will provide funding and engage separately Hudong Zhonghua Shipbuilding (Group) Co., Ltd. and Dalian Shipbuilding Heavy Industries Co., Ltd. to construct four 10,000 TEU container vessels respectively, and may optionally engage each of the above two companies to construct two container vessels of the same type. In aggregate, 12 container vessels will be constructed, and the total construction cost amounts to US$1,131.36 million (including commissions). Further details will be disclosed in a separate announcement by the Company upon entering into agreements. This resolution is subject to the approval at the general meeting of the Company.

2. Resolution regarding the change of the Company’s chief accountant.

Since Mr. Zhao Xiaoming has other work arrangements, his resignation as the chief accountant of the Company was approved and Mr. Liu Chong was appointed as the chief accountant of the Company, with effect from the date of approval by the Board (Mr. Liu Chong’s biography is attached below).

Annex: Biography of Mr. Liu Chong

Mr. Liu Chong, male, born in 1970, a university graduate and a senior accountant, has worked as a deputy section chief of the finance section of the finance department of Guangzhou Shipping (Group) Company, vice president of the internal bank of Guangzhou Shipping (Group) Company Limited, deputy officer of the Guangzhou Branch of the Settlement Centre of China Shipping (Group) Company, deputy general manager of China Shipping Investment Co., Ltd. and chief financial officer of China Shipping Logistics Co., Ltd. From January 2004 to January 2008, he was the deputy general manager and member of the party committee of China Shipping Logistics Co., Ltd. During January 2008 to December 2010, he served as the chief accountant of China Shipping (Hainan) Haisheng Shipping Co., Ltd. From December 2010 to October 2011, he was the officer of China Shipping Capital Management Department and the party secretary of China Shipping Finance Co., Ltd.

By Order of the Board China Shipping Container Lines Company Limited Li Shaode Chairman

Shanghai, the PRC 26 October 2011

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. Zhang Jianhua, Mr. Lin Jianqing, Mr. Wang Daxiong, Mr. Zhang Rongbiao and Mr. Xu Hui, being non-executive Directors, and Mr. Shen Kangchen, Mr. Jim Poon (also known as Pan Zhanyuan), Mr. Shen Zhongying, Mr. Wu Daqi and Ms. Zhang Nan, 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 under the English name “China Shipping Container Lines Company Limited”.

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