COSCO SHIPPING Development Co., Ltd. — Board/Management Information 2017

Nov 20, 2017

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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中遠海運發展股份有限公司 COSCO SHIPPING Development Co., Ltd.*

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

(Stock Code: 02866)

EXTENSION OF TIME FOR APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Reference is made to the announcement of COSCO SHIPPING Development Co., Ltd. (the “ Company ”) dated 13 November 2017 (the “ Announcement ”) in relation to, among other things, the Proposed Appointment and the application by the Company for a waiver to further extend the time in respect of strict compliance with Rules 3.10A and 3.21 of the Listing Rules (the “ Waiver ”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

As disclosed in the Announcement, as the Proposed Appointment is subject to the approval by the Shareholders at the EGM, additional time beyond the Initial Waiver Period is required for completing the procedures for the approval of the Proposed Appointment.

The Board is pleased to announce that the Stock Exchange has granted the Waiver for a period from 3 December 2017 to 3 January 2018.

The Company will endeavour to complete the procedures for the approval of the Proposed Appointment and fill the relevant vacancies so as to comply with the relevant requirements of the Listing Rules as soon as practicable. Further announcement(s) will be made by the Company as and when appropriate.

By order of the Board COSCO SHIPPING Development Co., Ltd. Yu Zhen Company Secretary

Shanghai, the People’s Republic of China

20 November 2017

As at the date of this announcement, the Board comprises Ms. Sun Yueying, Mr. Wang Daxiong, Mr. Liu Chong and Mr. Xu Hui, being executive directors, Mr. Feng Boming, Mr. Huang Jian and Mr. Chen Dong, being non-executive directors, and Mr. Cai Hongping, Ms. Hai Chi Yuet and Mr. Graeme Jack, being independent non-executive directors.

• The Company is a registered non-Hong Kong company as defined under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and it is registered under its Chinese name and under the English name “COSCO SHIPPING Development Co., Ltd.”.