COSCO SHIPPING Development Co., Ltd. — Proxy Solicitation & Information Statement 2007

Feb 16, 2007

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

(Stock code: 2866)

FORM OF PROXY FOR SPECIAL GENERAL MEETING TO BE HELD ON TUESDAY, 10 APRIL 2007

No. of shares to which this form of proxy relates[1] Type of shares (domestic shares or H shares) to which this form of proxy relates[2] I/We[3] of being shareholder(s) of China Shipping Container Lines Company Limited (the “Company”) hereby appoint[4] the Chairman of the Meeting or of as my/our proxy to attend, act and vote for me/us and on my/our behalf at the special general meeting of the Company to be held at Conference Room 1, 3rd Floor, 450 Fu Shan Road, Pudong New District, Shanghai, the People’s Republic of China (the “PRC”) on Tuesday, 10 April 2007 at 2:30 p.m. (the “Meeting”) and at any adjournment thereof as hereunder indicated in respect of the resolutions set out in the notice convening the Meeting, and, if no such indication is given, as my/our proxy thinks fit.

	1.To conresolut“THATMasterCargo in the	sider and, if thought fit, approve the following resolution, with or without amendments, as an ordinaryion: the proposed revised 2006 annual caps for the continuing connected transactions entered into under the Supply Agreement, the First Master Liner and Cargo Agency Agreement, the Second Master Liner and Agency Agreement and the Master Liner Services Agreement respectively, details of which are set out circular to the shareholders of the Company dated 16 February 2007, be and are hereby ratified”.
	2.To conresolut“THATthe Firthe MContaiCharteUnload31 DeCompa	sider and, if thought fit, approve the following resolution, with or without amendments, as an ordinaryion: the Non-exempt Continuing Connected Transactions entered into under the Master Supply Agreement,st Master Liner and Cargo Agency Agreement, the Second Master Liner and Cargo Agency Agreement,aster Liner Services Agreement, the Master Ground Container Transport Agreement, the First Masterner Management Agreement, the Second Master Container Management Agreement, the Master Timer Agreement, the First Master Loading and Unloading Agreement and the Second Master Loading anding Agreement, together with their respective proposed annual caps for each of the three years endingcember 2007, 2008 and 2009, details of which are set out in the circular to the shareholders of theny dated 16 February 2007, be and are hereby approved”.
	3.To conresolut“THATthe CoMeetin(includof the sharehCompa	sider and, if thought fit, approve the following resolution, with or without amendments, as an ordinaryion: the Revised Master Provision of Containers Agreement (the “Agreement”) to be entered into betweenmpany and China Shipping (Group) Company (a copy of the draft Agreement has been produced to thisg marked “A” and initialed by the Chairman for the purposes of identification), all transactionsing all continuing connected transactions) contemplated thereunder and its proposed annual caps for eachthree years ending 31 December 2007, 2008 and 2009, details of which are set out in the circular to theolders of the Company dated 16 February 2007, be and are hereby approved and any one director of theny be and is hereby authorized to sign the Agreement for and on behalf of the Company”.
	4.To conresolut“THATexecutor expabove
	*The Company is reLines Company Li

Date:

Signature(s)[6] :

Notes:

1. Please insert the number of shares to which this form of proxy relates, which must not exceed the number of shares registered in your name(s). If no number is inserted, this form of proxy will be deemed to relate to all the shares in the capital of the Company registered in your name(s).

2. Please also insert the type of shares (domestic shares or H shares) to which this form of proxy relates.

3. Please insert the full name(s) (in Chinese or in English, as shown in the register of members) and registered address(es) in BLOCK LETTERS .

4. If any proxy other than the Chairman of the Meeting is preferred, delete the words “the Chairman of the Meeting or” and insert the name and address of the proxy desired in the space provided. A shareholder may appoint one or more proxies to attend and vote in his stead. A proxy need not be a shareholder of the Company. A proxy of a shareholder who has appointed more than one proxy may only vote on a poll. ANY ALTERATION MADE TO THIS FORM OF PROXY MUST BE DULY INITIALLED BY THE PERSON(S) WHO SIGN(S) IT.

5. INDICATEIMPORTANT:WITHIF YOU WISH TO VOTEA “ � ” IN THE BOX FOR ANY RESOLUTION,MARKED “AGAINST”. IFPLEASEYOU WISHINDICATE WITH A “TO ABSTAIN FROM � ” IN THEVOTINGBOXONMARKEDANY RESOLUTION,“FOR”. IF YOU WISH TO VOTE AGAINST ANY RESOLUTION,INDICATE WITH A “ � ” IN THE BOX MARKED “ABSTAIN”. If you do not indicate how you wish your proxy to vote, your proxy will be entitled to exercise his discretion. Your proxy will also be entitled to vote at his discretion on any resolution properly put to the Meeting other than those referred to in the notice convening the Meeting.

6. This form of proxy must be signed by you or your attorney duly authorised in writing or, in the case of a legal person, must either be executed under its seal or under the hand of a legal representative or other attorney duly authorised to sign the same. If this form of proxy is signed by an attorney of the appointer, the power of attorney authorising that attorney to sign, or other document of authorisation, must be notarially certified.

7. Where there are joint registered holders of any share, only the person whose name stands first on the register in respect of such share may vote at the Meeting, either personally or by proxy, in respect of such share as if he were solely entitled thereto.

8. To be valid, for holders of domestic shares, this form of proxy, together with the notarially certified power of attorney or other document of authorisation, must be delivered to the Directorate Secretary Office of the Company at 3rd Floor, 450 Fu Shan Road, Pudong New District, Shanghai, the PRC, 200122, not less than 24 hours before the time appointed for the Meeting. In order to be valid, for holders of H shares, the above documents must be delivered to Computershare Hong Kong Investor Services Limited, at Room 1806-1807, 18th Floor, Hopewell Centre, 183 Queen’s Road East, Hong Kong within the same period.