COSCO SHIPPING Development Co., Ltd. — Capital/Financing Update 2017

Jul 19, 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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of COSCO SHIPPING Development Co., Ltd.

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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)

ACCEPTANCE OF THE APPLICATION FOR THE REVISED PROPOSED NON-PUBLIC ISSUANCE OF A SHARES BY THE CSRC

Reference is made to (1) the announcement of COSCO SHIPPING Development Co., Ltd. (the “ Company ”) dated 20 April 2017; (2) the circular of the Company dated 19 May 2017 (the “ Circular ”) and (3) the announcement of the Company dated 5 June 2017 in relation to, among other things, (i) the Revised Proposed Non-public Issuance of A Shares, (ii) the COSCO Subscription and (iii) the Specific Mandate. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

On 19 July 2017, the Company received the “Acceptance Notice of the Application for Administrative Permission from the CSRC (No. 171433) (《中國證監會行政許可申請受理書》 (171433號))” issued by the CSRC. The CSRC has reviewed the application materials for the “Application for Approval of Non-public Issuance of New Shares of Listed Companies by COSCO SHIPPING Development Co., Ltd.” (《中遠海運發展股份有限公司上市公司非公開發行新股核 准》) (the “ Application ”) submitted by the Company on 12 July 2017, and considered that the aforementioned application materials were complete and in compliance with the statutory form. The CSRC has therefore decided to accept the Application for further processing.

The completion of the Revised Proposed Non-public Issuance of A Shares and the COSCO Subscription remains subject to the obtaining of the approval from the CSRC. Accordingly, the Revised Proposed Non-public Issuance of A Shares and the COSCO Subscription may or may not proceed. Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

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

Shanghai, the People’s Republic of China 19 July 2017

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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.”.

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