COSCO SHIPPING Development Co., Ltd. — Board/Management Information 2014

Apr 21, 2014

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)

PROPOSED CHANGE OF DIRECTOR

The Board of the Company announces that:

• (a) Mr. Wang Daxiong has tendered his resignation as non-executive director of the Company. The resignation of Mr. Wang Daxiong will take effect upon appointment of a new non-executive director of the Company to be approved at the upcoming annual general meeting of the Company to fill the vacancy; and

• (b) Mr. Yu Zenggang has been nominated as a non-executive director of the Company. Such appointment is subject to the approval by the Shareholders at the upcoming annual general meeting of the Company. Subject to the approval by the Shareholders, it is the intention of the Board that the appointment of Mr. Yu Zenggang is to fill the vacancy arising from the resignation of Mr. Wang Daxiong.

RESIGNATION OF NON-EXECUTIVE DIRECTOR

The board (the “ Board ”) of directors (the “ Directors ”) of China Shipping Container Lines Company Limited (the “ Company ”) announces that Mr. Wang Daxiong (“ Mr. Wang ”) has tendered his resignation as non-executive Director on 4 March 2014 due to change of job assignments. The resignation of Mr. Wang will take effect upon appointment of a new non-executive Director to be approved at the upcoming annual general meeting of the Company to fill the vacancy. Upon the resignation of Mr. Wang taking effect, Mr. Wang will cease to be a member of the Remuneration Committee, Nomination Committee and Investment Strategy Committee of the Board.

Mr. Wang has confirmed that, as at the date of this announcement, he has no disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company (the “ Shareholders ”).

The Board would like to take this opportunity to express its sincere appreciation to Mr. Wang for his contribution to the Company in the past.

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PROPOSED APPOINTMENT OF DIRECTOR

The Board further announces that Mr. Yu Zenggang (“ Mr. Yu ”) has been nominated as a non-executive Director. Such appointment is subject to the approval by the Shareholders at the upcoming annual general meeting of the Company. Subject to the approval by the Shareholders, it is the intention of the Board that the appointment of Mr. Yu is to fill the vacancy arising from the resignation of Mr. Wang.

To ensure the effective operation of various board committees upon the resignation of Mr. Wang taking effect, the Board resolved that Mr. Yu will act as a member of the Remuneration Committee, Nomination Committee and Investment Strategy Committee of the Board from the date of the Shareholders approving the appointment of Mr. Yu as a non-executive Director at the upcoming annual general meeting of the Company. The term of Mr. Yu serving as a member of the abovementioned board committees will be the same as the term of the current session of the Board.

Biographical details of Mr. Yu are set out below:

Mr. Yu, aged 50, is currently the vice president, a member of the Communist Party Committee, the secretary to the board of directors and the press spokesperson of China Shipping (Group) Company, director of China Shipping Haisheng Co., Ltd. (a company listed on the Shanghai Stock Exchange) and the chairman of China Shipping (Europe) Holding GmbH. He started his career from August 1984, and served as the chief representative of the Japan Representative Office of Shanghai Shipping Bureau, director and general manager of Shanghai Haixing Shipping (Japan) Co., Ltd., deputy general manager, general manager of the Development Division of China Shipping (Group) Company, vice president of China Shipping (North America) Holding Co., Ltd., president of China Shipping (Europe) Holding GmbH, general manager of the President Office of China Shipping (Group) Company, officer of the Board of Directors Office and General Office, secretary to the board of China Shipping (Group) Company. Mr. Yu graduated from Wuhan University of Technology with a Bachelor’s degree in engineering science in 1984 and earned a Master’s degree in 2012 from China Europe International Business School. He is also a senior engineer.

Save as disclosed above, Mr. Yu has not held any directorships in any other listed public companies in the last three years. Furthermore, Mr. Yu does not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company, nor does he have any interests in the shares of the Company within the meaning of Part XV of the Hong Kong Securities and Futures Ordinance.

Subject to the approval by the Shareholders of Mr. Yu’s appointment as non-executive Director, Mr. Yu will enter into a service contract with the Company for a term of service running from the date of his appointment until the end of the term of the current session of the Board. Pursuant to such proposed service contract, Mr.Yu will not receive any remuneration from the Company.

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Save as disclosed above, there are no other matters relating to Mr. Yu that need to be brought to the attention of the Shareholders nor is there any information which is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

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

Shanghai, the People’s Republic of China 21 April 2014

The Board as at the date of this announcement comprises of Mr. Zhang Guofa, Mr. Huang Xiaowen and Mr. Zhao Hongzhou, being executive Directors, Mr. Wang Daxiong, Ms. Su Min, Mr. Ding Nong, Mr. Chen Jihong and Mr. Zhang Rongbiao, being non-executive Directors, and Ms. Zhang Nan, Mr. Teo Siong Seng, Mr. Chen Lishen, Mr. Guan Yimin and Mr. Shi Xin, being independent non-executive Directors.

• The Company is a registered non-Hong Kong company as defined in the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and it is registered under its Chinese name and under the English name “China Shipping Container Lines Company Limited”.

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