Dida Inc. — Board/Management Information 2011

Oct 27, 2011

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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)

RESIGNATION OF SUPERVISOR

The Board hereby announces that Mr. Yu Shicheng has resigned as a supervisor of the Company with effect from 27 October 2011.

RESIGNATION OF SUPERVISOR

The board of directors (the “ Board ”) of China Shipping Development Company Limited (the “ Company ” and together with its subsidiaries, the “ Group ”) hereby announces that Mr. Yu Shicheng (於世成) (“ Mr. Yu ”), a supervisor of the Company, has resigned as a supervisor of the Company with effect from 27 October 2011 due to his commitment to academic research and other business.

Mr. Yu has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation as a supervisor of the Company that needs to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to express its gratitude and appreciation to Mr. Yu for his valuable contributions to the Company as supervisor during his term of office.

By Order of the Supervisory Committee China Shipping Development Company Limited Yao Qiaohong

Company secretary

Shanghai, the People’s Republic of China 27 October 2011

As at the date of this announcement, the Board of Directors of the Company is comprised of Mr. Li Shaode, Mr. Lin Jianqing, Mr. Wang Daxiong, Mr. Zhang Guofa, Mr. Yan Zhichong and Mr. Qiu Guoxuan as executive directors, Mr. Zhu Yongguang, Mr. Zhang Jun and Mr. Lu Wenbin as independent non-executive directors.