COSCO SHIPPING Development Co., Ltd. — Capital/Financing Update 2016

Jun 7, 2016

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)

ANNOUNCEMENT ON APPLICATION FOR REGISTERING MID-TERM NOTES AND SUPER SHORT-TERM FINANCING BILLS

The board of directors (the “ Board ”) of China Shipping Container Lines Company Limited (the “ Company ”) hereby announces that with a view to expanding sources of funding, optimizing debt financing structure and reducing finance costs, and subject to compliance with laws, regulations, rules, normative documents and requirements of regulatory authorities, the Company intends to apply to National Association of Financial Market Institutional Investors for registering midterm notes of not exceeding RMB5.0 billion and super short-term financing bills of not exceeding RMB10.0 billion. The details are as follows:

1. The Company intends to apply to National Association of Financial Market Institutional Investors for registering mid-term notes of not exceeding RMB5.0 billion on a one-off or multiple tranche basis with terms of no longer than 10 years.

2. The Company intends to apply to National Association of Financial Market Institutional Investors for registering super short-term financing bills of not exceeding RMB10.0 billion, with terms of no longer than 270 days and a validity period specified in the acceptance notice of registration issued by National Association of Financial Market Institutional Investors in respect of super short-term financing bills (to be issued in tranches on a rolling basis).

The mid-term notes and the super short-term financing bills are intended to be used for repayment of bank loans, optimizing debt financing structure and/or replenish the liquidity for the needs of daily production and operation of the Company.

To enhance the efficiency of registration and issuance of mid-term notes and super short-term financing bills, the Board has proposed to the general meeting to grant authorization to the Board, the managing director or the chief accountant to handle the matters in relation to the mid-term notes and super short-term financing bills such as registration, issuance, existence and payment of principal and interests, including without limitation:

1. to determine terms and conditions for issuance of mid-term notes and super short-term financing bills, including without limitation details about issue amount, interest rate or calculation method, timing of issue, maturity term, rating, security, whether it will be issued in tranches and number of tranches, terms of buy-back and redemptions, underwriting, use of proceeds and all matters in relation to the issuance;

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1. to take all necessary and ancillary actions and steps in relation to the issuance of midterm notes and super short-term financing bills, including without limitation engagement of intermediaries, completing the filing and registration procedures of mid-term notes and super short-term financing bills on behalf of the Company, executing all necessary legal documents required for registration and filing of mid-term notes and super short-term financing bills, and dealing with procedures in relation to listing and registration of mid-term notes and super short-term financing bills;

2. in case there is any change in policies or market conditions, to make adjustments to matters in relation to detailed plan of mid-term notes and super short-term financing bills according to opinions from the responsible departments, save for those requiring re-approval at the general meeting of the Company pursuant to relevant laws, regulations and articles of association of the Company;

3. to perform obligation of information disclosure;

4. to deal with other matters related to mid-term notes and super short-term financing bills but not specified above.

The abovementioned matters are subject to approval at the general meeting of the Company. The validity period for application for registration and issuance of mid-term notes and super short-term financing bills shall commence from the approval date at the general meeting and expires on the date which is 24 months from obtaining the acceptance notice of registration issued by National Association of Financial Market Institutional Investors in respect of mid-term notes and super short-term financing bills.

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

Shanghai, the PRC 7 June 2016

The Board as at the date of this announcement comprises of Ms. Sun Yueying, Mr. Huang Xiaowen, Mr. Wang Daxiong and Mr. Liu Chong, 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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