COSCO SHIPPING Development Co., Ltd. — Capital/Financing Update 2007

Aug 9, 2007

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

(Stock Code: 2866)

SUSPENSION OF TRADING

At the request of China Shipping Container Lines Company Limited (the “ Company ”), trading in the shares of the Company will be suspended with effect from 9:30 a.m. on 9 August 2007 pending the release of an announcement in relation to, inter alia , a proposed issue of shares under a specific mandate, of which the directors of the Company consider to be of a price-sensitive nature.

By order of the Board of China Shipping Container Lines Company Limited Li Shaode Chairman

Shanghai, the People’s Republic of China 8 August 2007

The Board as at the date of this announcement comprises of Mr. Li Shaode, Mr. Zhang Guofa, Mr. Huang Xiaowen and Mr. Zhao Hongzhou, being executive Directors, Mr. Ma Zehua, Mr. Zhang Jianhua, Mr. Wang Daxiong, Mr. Yao Zuozhi and Mr. Xu Hui, being non- executive Directors, and Mr. Hu Hanxiang, Mr. Jim Poon (also known as Pan Zhanyuan), Mr. Wang Zongxi and Mr. Shen Kangchen, being independent non-executive Directors.

• The Company is registered as an oversea 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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