Dida Inc. — Board/Management Information 2008

Apr 18, 2008

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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)

WRITTEN RESOLUTIONS PASSED AT THE EIGHTH BOARD MEETING OF 2008

The Board is pleased to announce that the resolutions set out below were duly passed by the Directors on 18 April 2008 by the adoption of written resolutions in lieu of a physical meeting.

The board of directors (the “ Board ”) of China Shipping Development Company Limited (the “ Company ”) is pleased to announce that the directors of the Company (the “ Directors ”) adopted written resolutions (the “ Written Resolutions ”) on 18 April 2008 in lieu of a physical meeting.

The Written Resolutions were duly passed in accordance with the relevant provisions of the Company Law of the People’s Republic of China (the “ PRC ”) and the articles of association of the Company as follows:

1. Resolution regarding the reappointment of both domestic and international auditors of the Company for 2008

It has been agreed that the Company will reappoint Vocation International Certified Public Accountant Co., Ltd. and UHY Vocation (H.K.) C.P.A. Limited as the domestic and international auditors of the Company for 2008, respectively, and the reappointment and the grant of the authorization to the Board of Directors of the Company to determine their remuneration will be submitted for consideration at the annual general meeting of the Company.

Mr. Xie Rong, independent non-executive director and chairman of the audit committee of the Company, abstained from voting on this resolution.

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1. Resolution regarding the convening of the annual general meeting (the “AGM”) of the Company for 2007

It has been approved that the AGM of the Company will be held at 2:00 p.m. on Friday, 6 June 2008 at 700 Dong Da Ming Road, Shanghai, the PRC. Details are set out in the “ NOTICE OF THE ANNUAL GENERAL MEETING ” published by the Company on the same day as this announcement.

This announcement is made in compliance with Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Company’s A Shares are listed on the Shanghai Stock Exchange, and the Company has made an announcement similar to this announcement at the Shanghai Stock Exchange.

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

Shanghai, the PRC 18 April 2008

As at the date of this announcement, 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. Mao Shijia and Mr. Wang Kunhe as executive directors, Mr. Ma Xun, Mr. Xie Rong, Mr. Hu Honggao, Mr. Zhu Yongguang and Mr. Zhou Zhanqun as independent non-executive directors.

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