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

Aug 5, 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)

OVERSEAS REGULATORY ANNOUNCEMENT

ANNOUNCEMENT BY CHINA SHIPPING CONTAINER LINES COMPANY LIMITED IN RELATION TO DEVELOPMENT OF IMPLEMENTATION OF MATERIAL ASSET RESTRUCTURING

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

At the first 2016 extraordinary general meeting of China Shipping Container Lines Company Limited (the “ Company ”) held on 1 February 2016, the relevant resolutions with respect to material asset restructuring, along with the Report on Major Asset Disposal and the Major Asset Acquisition of China Shipping Container Lines Company Limited and the Connected Transactions (the “ Restructuring Report ”), were considered and approved. Please refer to the Restructuring Report published by the Company on 25 December 2015 on the website of the Shanghai Stock Exchange (www.sse.com.cn) for details. As authorised by the extraordinary general meeting, the Company is in the progress of completing the procedures in relation to the material asset restructuring. We hereby announce the progress of implementation as follows:

As at the date of this announcement, the Company is in the process of handling the payment and closing procedures in relation to the sales of 100% equity interests in China Shipping Container Lines Agency (Shenzhen) Co., Ltd. and 100% equity interests in Universal Logistics (Shenzhen) Co., Ltd.

Save for the transactions as mentioned above, the acquisition of 13.67% of the equity interest in China Bohai Bank Co., Ltd. (渤海銀行股份有限公司) and the capital increase in COSCO Finance Co., Ltd. under the material asset restructuring are pending approvals from the competent authorities.

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The Company will continue to complete the procedures in relation to the material asset restructuring and shall make disclosure of information in relation to the development in a timely manner in accordance with relevant laws and regulations.

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

Shanghai, the PRC, 5 August 2016

The Board as at the date of this announcement comprises of Ms. Sun Yueying, Mr. Wang Daxiong, Mr. Liu Chong and Mr. Xu Hui, being executive Directors, Mr. Yang Jigui, Mr. Feng Boming and Mr. Huang Jian, being non-executive Directors, and Mr. Cai Hongping, Mr. Tsang Hing Lun, 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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