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

Mar 30, 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

TRANSACTION UPDATE

We refer to the announcements of China Shipping Container Lines Company Limited (the “ Company ”) dated 11 December 2015, 30 December 2015, 22 January 2016, 27 January 2016, 3 February 2016, 1 March 2016, 18 March 2016, 24 March 2016 and 28 March 2016, respectively, and a circular of the Company dated 31 December 2015 (the “ Circular ”) and the poll results announcement of the EGM dated 1 February 2016 in relation to the acquisition of the Financial Equiry and the disposal of the Sales Equity. Unless otherwise defined, terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that the relevant transactions under the Equity Acquisition Agreements and the Equity Sales Agreements concerning the following entities have been completed (the “ Completion ”).

1. Upon the Completion, the entire equity interests in (1) Dong Fang International, (2) CS Nauticgreen, (3) Helen Insurance, (4) CS Leasing; (5) CS Investment and (6) 40% equity interests in CS Finance (the “ Acquisition Entities ”) have been transferred to the Company or its relevant subsidiaries as contemplated under the Equity Acquisition Agreements and each of the Acquisition Entities has become a direct or an indirect subsidiary of the Company and their financial accounts will be consolidated into the consolidated financial statements of the Group.

2. Upon the Completion, the entire equity interests in (1) CS Container Agency HK, (2) Universal Shipping, (3) 60% equity interests in Golden Sea, (4) 91% equity interests in CSSP and (5) the Onshore Agencies and Other Related Business (the “ Disposal Entities ”) have been transferred to the relevant counterparties as contemplated under the Equity Sales Agreements and the Company will no longer directly and indirectly hold any interests in the Disposal Entities, and therefore they will cease to be subsidiaries or associates of the Company.

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The Company will make further announcement(s) in relation to the Restructuring when appropriate and/or as requested in compliance with the Listing Rules and the SFO.

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

Shanghai, the PRC, 30 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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