Dida Inc. — Board/Management Information 2011

Jan 21, 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 of directors (the “Board”) of China Shipping Development Company Limited (the “Company”) hereby announces that Mr. Yan Zhi Chong (嚴志沖) (“Mr. Yan”), a supervisor of the Company, has resigned as supervisor of the Company with effect from 21 January 2011 due to redeployment of human resources. Mr. Yan has been appointed as the general manager of the Company with effect from 21 January 2011.

Mr. Yan has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation as 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. Yan for his valuable contribution to the Company as supervisor during his term of office.

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

Company Secretary

Shanghai, the People’s Republic of China 21 January 2011

As at the date of this announcement, the Board of Directors of the Company comprises of Mr. Li Shaode, Mr. Ma Zehua, Mr. Lin Jianqing, Mr. Wang Daxiong, Mr. Zhang Guofa, Mr. Mao Shijia and Mr. Qiu Guoxuan as executive Directors, Mr. Zhu Yongguang, Mr. Gu Gongyun, Mr. Zhang Jun and Mr. Lu Wenbin as independent non-executive Directors.