Dida Inc. — AGM Information 2011

Apr 11, 2011

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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CHINA SHIPPING DEVELOPMENT COMPANY LIMITED 中海發展股份有限公司

(a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1138)

NOTICE OF THE ANNUAL GENERAL MEETING

Notice is hereby given that the annual general meeting (the “ AGM ”) of China Shipping Development Company Limited (the “ Company ”) will be held at 2:00 p.m. on Friday, 27 May 2011 at 700 Dong Da Ming Road, Shanghai, The People’s Republic of China to consider and, if thought fit, pass the following ordinary resolution:

1. to consider and approve the 2010 audited financial statements of the Company;

2. to consider and approve the 2010 Report of the Board of Directors of the Company;

3. to consider and approve the 2010 Report of the Supervisory Committee of the Company;

4. to consider and approve the recommended 2010 final dividend of RMB0.17 (before tax) per share;

5. to consider and approve the 2010 Report of the Independent Board Committee of the Company;

6. to consider and approve the 2010 Annual Report of the Company;

7. to consider and approve the remuneration of the directors, supervisors and senior management of the Company for 2011;

The total remuneration of the Company’s directors (the “Director(s)”), supervisors (the “Supervisor(s)”) and senior management (the “Senior Management”) amounted to RMB4,374,000 (before tax) for the year 2010. The Board and the Remuneration Committee of the Company recommend the remuneration standards for the senior management in 2011 be: the annual remuneration for the general manager of the Company be RMB800,000 per year (before tax) and on the premises of achieving the targets for operation management, it is proposed that the Board will review the business’ performance and award discretionary bonus to the senior management of not more than 20% of their respective annual remuneration. It is proposed that the allowances for each of the four independent Directors and one independent Supervisor to be adjusted from RMB80,000 per year (before tax) in 2010 to RMB100,000 per year (before tax) in 2011.

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1. to consider and approve the reappointment of Baker Tilly China (天職國際會計師事務所有限公 司) and Baker Tilly Hong Kong Limited (天職香港會計師事務所有限公司) as the domestic and international auditors of the Company for 2011, respectively, and authorize the board (the “Board”) of Directors to determine their remuneration; and

2. to consider and approve the termination agreement dated 30 March 2011 entered into between the Company and China Shipping (Group) Company (the “ Termination Agreement ”) and the new financial services framework agreement dated 30 March 2011 (the “ New Financial Services Framework Agreement ”) entered into between the Company and China Shipping Finance Company Limited (中海集團財務有限責任公司) and the proposed annual caps for the deposit and loan transactions contemplated thereunder; and to authorise the Directors to exercise all powers which they consider necessary and do such other acts and things and execute such other documents which in their opinion may be necessary or desirable to implement the transactions contemplated under the Termination Agreement and the New Financial Services Framework Agreement.

By Order of the Board China Shipping Development Company Limited Yao Qiaohong Company Secretary

11 April 2011 Shanghai The People’s Republic of China

Notes:

• (A) According to the Law on Corporate Income Tax of the People’s Republic of China and the relevant implementing rules which came into effect on January 1, 2008, the Company is required to withhold corporate income tax at the rate of 10% before distributing the 2010 final dividend to non-resident enterprise shareholders as appearing on the H share register of members of the Company. Any shares not registered in the name of an individual person, including HKSCC Nominees Limited, other nominees, trustees or other groups and organizations will be treated as being held by non-resident enterprise shareholders and therefore will be subject to the withholding of the corporate income tax.

• (B) The H Share register of the Company will be closed from Wednesday, 27 April 2011 to Friday, 27 May 2011 (both days inclusive), during which no transfer of H Shares will be effected. Any holders of H Shares of the Company, whose names appear on the Company’s register of members at the close of business on Tuesday, 26 April 2011 are qualified for the final proposed dividend and are entitled to attend and vote at the AGM after completing the registration procedures for attending the meeting. For the holders of H Shares, in order to be entitled to attend and vote at the AGM, their share transfer documents must be lodged with the Company’s H share registrar not later than 4:30 p.m. on Tuesday, 26 April 2011. The final proposed dividend (the payment of which is subject to the Shareholders’ approval at the AGM) is to be payable on or about Thursday, 30 June 2011 to Shareholders who name appear on the register of members of the Company on Friday, 27 May 2011. The Shares will trade ex-dividend on Thursday, 21 April 2011.

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The address of the share registrar (for share transfer) for the Company’s H Shares is as follows:

Hong Kong Registrars Limited Rooms 1712-1716 17th Floor Hopewell Centre 183 Queen’s Road East Wanchai Hong Kong

• (C) Holders of H Shares, who intend to attend the AGM, must complete the reply slips for attending the AGM and return them to the Office of the Secretary to the Board of Directors of the Company not later than 20 days before the date of the AGM, i.e. no later than Friday, 6 May 2011.

Details of the Office of the Secretary to the Board of Directors of the Company are as follows:

Room 1601, 700 Dong Da Ming Road, Shanghai, The People’s Republic of China Postal Code: 200080 Tel: 86(21) 6596 6666 Fax: 86(21) 6596 6160

• (D) Each holder of H Shares who has the right to attend and vote at the AGM is entitled to appoint in writing one or more proxies, whether that proxy is a shareholder or not, to attend and vote on his behalf at the AGM.

• (E) The instrument appointing a proxy must be in writing under the hand of the appointor or his attorney duly authorised in writing. If that instrument is signed by an attorney of the appointor, the power of attorney authorising that attorney to sign, or other documents of authorisation, must be notarially certified.

• (F) For holders of H Shares, the form of proxy, and if the form of proxy is signed by a person under a power of attorney or other authority on behalf of the appointor, a notarially certified copy of that power of attorney or other authority, must be delivered to the Company’s H share registrar, Hong Kong Registrars Limited, 17M Floor, Hopewell Centre 183 Queen’s Road East, Wanchai, Hong Kong, not less than 24 hours before the time appointed for holding the AGM (or any adjournment thereof) in order for such documents to be valid.

• (G) Each holder of A Shares is entitled to appoint in writing one or more proxies, whether a shareholder or not, to attend and vote on its behalf at the AGM. Notes (D) to (E) also apply to holders of A Shares, except that the proxy form or other documents of authority must be delivered to the Office of the Secretary to the Board of Directors, the address of which is set out in Note (C) above, not less than 24 hours before the time appointed for holding the AGM (or any adjournment thereof) in order for such documents to be valid.

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• (H) If a proxy attends the AGM on behalf of a shareholder, he should produce his identity card and the instrument signed by the proxy or his legal representative, which specifies the date of its issuance. If the legal representative of a shareholder which shareholder is a legal person attends the AGM, such legal representative should produce his identity card and valid documents evidencing his capacity as such legal representative. If a shareholder which is a legal person appoints a company representative other than its legal representative to attend the AGM, such representative should produce his identity card and an authorization instrument affixed with the seal of that shareholder (which is a legal person) and duly signed by its legal representative.

• (I) The AGM is expected to last for an hour. Shareholders attending the AGM are responsible for their own transportation and accommodation expenses.

• (J) As at the date of this notice, the board of directors of the Company is comprised of Mr. Li Shaode, Mr. Ma Zehua, Mr. Lin Jianqing, Mr. Wang Daxiong, Mr. Zhang Guofa, Mr. Yan Zhichong and Mr. Qiu Guoxuan as executive Directors, and Mr. Zhu Yongguang, Mr. Gu Gongyun, Mr. Zhang Jun and Mr. Lu Wenbin as independent non-executive Directors.

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