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

Jan 10, 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. Zhang Rongbiao has tendered his resignation as non-executive director of the Company. The resignation of Mr. Zhang Rongbiao will take effect upon appointment of a new non-executive director of the Company to be approved at the Shareholders’ meeting to fill the vacancy; and

• (b) Mr. Liu Xihan has been nominated as a non-executive director of the Company. Such appointment is subject to the approval by the Shareholders at a Shareholders’ meeting to be held. Subject to the approval by the Shareholders, it is the intention of the Board that the appointment of Mr. Liu Xihan is to fill the vacancy arising from the resignation of Mr. Zhang Rongbiao.

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. Zhang Rongbiao (“ Mr. Zhang ”) has tendered his resignation as non-executive Director on 8 January 2014 due to change of job assignments. The resignation of Mr. Zhang will take effect upon appointment of a new non-executive Director to be approved at the meeting of the shareholders of the Company (the “ Shareholders ”) to fill the vacancy.

Mr. Zhang 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.

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

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PROPOSED APPOINTMENT OF DIRECTOR

The Board further announces that Mr. Liu Xihan (“ Mr. Liu ”) has been nominated as a non-executive Director. Such appointment is subject to the approval by the Shareholders at a Shareholders’ meeting to be held. Subject to the approval by the Shareholders, it is the intention of the Board that the appointment of Mr. Liu is to fill the vacancy arising from the resignation of Mr. Zhang.

Biographical details of Mr. Liu are set out below:

Mr. Liu, aged 58, is currently the deputy general manager and a member of the Communist Party Committee of China Shipping (Group) Limited. Mr. Liu started his career from 1970, he was the general manager of Changjiang Cruise Overseas Travel Co., Ltd; the vice president and a member of the Communist Party Committee of China Changjiang National Shipping (Group) Corporation while working as the general manager of Wuhan Changjiang Shipping Company at the same time; the secretary of the Communist Party Committee and the general manager of China Changjiang National Shipping (Group) Corporation; the vice chairman of the board and the secretary of the Communist Party Committee of Sinotrans & CSC Holdings Co., Ltd; the vice chairman of the board, the general manager, the deputy secretary of the Communist Party Committee and the legal representative of Sinotrans & CSC Holdings Co., Ltd. Mr. Liu joined China Shipping (Group) Limited in July 2013, and has been the deputy general manager and a member of the Communist Party Committee of China Shipping (Group) Limited to date. Mr. Liu graduated from the postgraduate class of the Party School of Central Committee of the Communist Party of China and the Master of Business Administration program at the Economics and Management School of Wuhan University. He has a Master degree and is a Senior Economist.

Mr. Liu has not held any directorships in any listed public companies in the last three years. Furthermore, Mr. Liu 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. Liu’s appointment as non-executive Director, Mr. Liu 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. Liu will not receive any remuneration from the Company.

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Save as disclosed above, there are no other matters relating to Mr. Liu 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 10 January 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 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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