COSCO SHIPPING Development Co., Ltd. — Board/Management Information 2016

Mar 16, 2016

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

(Stock code: 02866)

RESIGNATION OF CHAIRMAN OF SUPERVISORY COMMITTEE

The board of directors (the “ Board ”) of China Shipping Container Lines Company Limited (the “ Company ”) announces that: the supervisory committee (the “ Supervisory Committee ”) of the Company has recently received the written resignation from Mr. Xu Wenrong (“ Mr. Xu ”) as a shareholder representative supervisor (the “ Shareholder Representative Supervisor ”) of the Company and as the chairman of the Supervisory Committee due to the change of job assignments.

According to the requirements of the articles of association (the “ Articles of Association ”) of the Company, the members of the Supervisory Committee shall comprise two Shareholder Representative Supervisors. The Company currently has two Shareholder Representative Supervisors, including Mr. Xu. However, after the resignation of Mr. Xu, the number of Shareholder Representative Supervisors will not meet the requirement set out in the Articles of Association, therefore Mr. Xu’s resignation will not come into effect until a new Shareholder Representative Supervisor is elected at the Company’s general meeting to fill the vacancy. Before that, Mr. Xu shall continue to perform his duties as a Shareholder Representative Supervisor and the chairman of the Supervisory Committee according to the laws, administrative regulations and the Articles of Association. The Company, in accordance with relevant rules, will nominate a candidate for the post of Shareholder Representative Supervisor as soon as practical and propose the same to the Company’s general meeting for approval.

Mr. Xu confirmed that, as at the date of this announcement, he has no disagreement with the Company, the Board and/or the Supervisory Committee and there is no other matter in relation to his resignation that needs to be brought to the attention of the shareholders and creditors of the Company.

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The Company and the Supervisory Committee would like to take this opportunity to express their sincere appreciation to Mr. Xu for his contribution to the Company in the past.

By Order of the Board China Shipping Container Lines Company Limited Yu Zhen Joint Company Secretary

Shanghai, the People’s Republic of China 16 March 2016

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. Ding Nong, Mr. Yu Zenggang, Mr. Yang Jigui, Mr. Han Jun and Mr. Chen Jihong, being non-executive Directors, and Ms. Zhang Nan, Mr. Guan Yimin, Mr. Shi Xin, Ms. Hai Chi Yuet and Mr. Graeme Jack, 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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