COSCO SHIPPING Development Co., Ltd. — Board/Management Information 2018

Jul 27, 2018

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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)

RESIGNATION OF SENIOR MANAGEMENT

The board of directors (the “ Board ”) of COSCO SHIPPING Development Co., Ltd. (the “ Company ”) announces that the Company has received the resignation application of Mr. Zhang Mingwen (“ Mr. Zhang ”) as the chief accountant of the Company (the “ Chief Accountant ”) with effect from 27 July 2018 due to other job arrangement.

Mr. Zhang has confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company.

Mr. Liu Chong, an executive director and the general manager of the Company, will temporarily perform the duties of the Chief Accountant until a new Chief Accountant is appointed by the Company.

The Board would like to express its sincere gratitude to Mr. Zhang for his contribution to the Company during his tenure of service.

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

Shanghai, the People’s Republic of China 27 July 2018

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. Liang Yanfeng, being non-executive Directors, and Mr. Cai Hongping, Ms. Hai Chi Yuet, Mr. Graeme Jack, Mr. Lu Jianzhong, Mr. Gu Xu and Ms. Zhang Weihua, 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.”.