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

Apr 28, 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)

RESIGNATION AND APPOINTMENT OF SUPERVISOR

The board (the “ Board ”) of directors (the “ Directors ”) of China Shipping Container Lines Company Limited (the “ Company ”) announces that Mr. Yao Guojian (“ Mr. Yao ”) has tendered his resignation as a staff representative supervisor (the “ Staff Representative Supervisor ”) of the Company on 14 April 2011 and Mr. Tu Shiming (“ Mr. Tu ”) has been elected as the Staff Representative Supervisor for a term commencing from 27 April 2011 and ending upon the conclusion of the 2012 annual general meeting of the Company to be held in 2013.

RESIGNATION OF SUPERVISOR

The Board of the Company announces that Mr. Yao has tendered his resignation as the Staff Representative Supervisor owing to his other work arrangement. The resignation of Mr. Yao became effective upon the appointment of the new Staff Representative Supervisor on 27 April 2011.

Mr. Yao has confirmed that he has no disagreement with the Board and/or the supervisory committee (the “ Supervisory Committee ”) of the Company and that he is not aware of any other matters relating to his resignation that need to be brought to the attention of the shareholders (the “ Shareholders ”) of the Company.

The Board and the Supervisory Committee would like to express their sincere gratitude to Mr. Yao for his valuable contributions to the Company during his tenure.

APPOINTMENT OF SUPERVISOR

Mr. Tu has been elected as the Staff Representative Supervisor in a democratic election by the staff of the Company in accordance with the articles of association of the Company, for a term commencing from 27 April 2011 and ending upon the conclusion of the 2012 annual general meeting of the Company to be held in 2013.

A brief biography of Mr. Tu is set out as follows:

Mr. Tu Shiming, aged 47, a senior accountant, is the secretary of commission for discipline inspection of the Communist Party Committee and a supervisor of the Company. Mr. Tu began his

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career in the shipping industry in 1983. From November 1996 to December 1997, Mr. Tu served as chief of the finance section of the container branch under Shanghai Hai Xing Shipping Co., Ltd. From December 1997 to March 2005, he served several positions in China Shipping (Group) Company, such as officer, deputy division chief and division chief of the audit division of the compliance department of China Shipping (Group) Company. Mr. Tu was deputy general manager of the compliance department of China Shipping (Group) Company from March 2005 to March 2011. He has served as the secretary of commission for discipline inspection of the Communist Party Committee of the Company since April 2011. Mr. Tu graduated from Shanghai Harbour School in 1983, majoring in maritime accounting, and obtained a bachelor degree in accounting from Shanghai University of Finance and Economics in 1990. He was a supervisor of the Company from October 2005 to June 2008 and a supervisor of China Shipping (Hainan) Haisheng Shipping Co., Ltd. from 25 April 2008 to 25 April 2011.

Mr. Tu, if being appointed as the Staff Representative Supervisor, will enter into a service agreement with the Company for a term commencing from 27 April 2011 and ending upon the conclusion of the 2012 annual general meeting of the Company to be held in 2013. Mr. Tu holds 246,450 units of H share appreciation rights in accordance with the H share appreciation rights scheme adopted by the Shareholders on 12 October 2005 and amended on 20 June 2006, 26 June 2007 and 26 June 2008 respectively. Mr. Tu, as the Staff Representative Supervisor, is proposed to receive an annual remuneration of RMB984,500, and the amount will be granted in accordance with the actual results of his performance appraisal. This remuneration plan is subject to the approval by Shareholders at the annual general meeting of the Company to be held on 28 June 2011.

Save as disclosed above, Mr. Tu did not hold any other positions in the Company and/or its subsidiaries in the last three years. Save as disclosed above, Mr. Tu did not hold any directorship in any other publicly listed companies in Hong Kong or overseas in the last three years. Save as disclosed above, Mr. Tu does not have other major appointments and professional qualifications.

Save as disclosed above, Mr. Tu does not have any relationship with any Directors, senior management, substantial or controlling Shareholders of the Company (within the meaning of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”)).

Save as disclosed above, Mr. Tu did not have any other interests in any shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance as at the date of this announcement.

The Directors believe that there is no matter relating to Mr. Tu as the Staff Representative Supervisor that need to be brought to the attention of the Shareholders and there is no information which requires to be disclosed pursuant to any of the requirements set out in Rule 13.51(2)(h) to (v) of the Listing Rules.

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

Shanghai, the People’s Republic of China

28 April 2011

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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 non-executive Directors, and Mr. Jim Poon (also known as Pan Zhanyuan), Mr. Wu Daqi, Mr. Shen Kangchen, Mr. Shen Zhongying 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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