Dida Inc. — Board/Management Information 2015

Sep 29, 2015

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)

APPOINTMENT OF EXECUTIVE DIRECTOR AND

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board hereby announces that subject to Shareholders’ approval at the upcoming EGM, the Board resolved to appoint (i) Mr. Yang Jigui as an executive Director; and (ii) Mr. Teo Siong Seng as an independent non-executive Director.

APPOINTMENT OF DIRECTORS

The board (“ Board ”) of directors (“ Directors ”) of China Shipping Development Company Limited (the “ Company ” and together with its subsidiaries, the “ Group ”) hereby announces that the Board resolved to appoint Mr. Yang Jigui as an executive Director and Mr. Teo Siong Seng as an independent non-executive Director subject to the Company’s shareholders’ (the “ Shareholders ”) approval at the upcoming extraordinary general meeting which is currently expected to be held before the end of December 2015 (the “ EGM ”). Their respective appointments will take effect immediately after the Shareholders’ approval at the EGM. The particulars of the aforesaid Directors which are required to be disclosed under the Rules Governing the Listing of Securities (the “ Listing Rules ”) on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) are set out below.

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MR. YANG JIGUI (“Mr. Yang”)

Mr. Yang Jigui (楊吉貴), born in September 1966 and aged 49, has a university education background with a MBA degree and is also a senior accountant. Mr. Yang is currently the deputy Chief Financial Officer of China Shipping (Group) Company (hereinafter referred to as “ China Shipping ”) and a director of China Shipping Haisheng Co., Ltd. Before that, Mr. Yang has served successively as: deputy chief of Accounting Section, deputy chief of Finance Section under Finance Department of Guangzhou Maritime Transport (Group) Co., Ltd.; manager of Finance Department of Guangzhou Marine Transport (Group) Co., Ltd. Shenzhen Shipping Branch; chief accountant of Supply and Trade Division of Guangzhou Maritime Transport (Group) Co., Ltd.; head of Finance Department of China Shipping Supply and Trade Co., Ltd.; deputy director of Planning and Finance Department of China Shipping; general manager of Planning and Finance Department of China Shipping; general manager of Finance Department of China Shipping. In March 2014, Mr. Yang became the general manager assistant of China Shipping and general manager of Finance Department of China Shipping. In July 2015, he became the deputy Chief Financial Officer of China Shipping.

It is proposed that subject to the Shareholders’ approval at the EGM, Mr. Yang will enter into a service contract with the Company for his appointment as an executive Director for a term from the date of the EGM up to and including 17 June 2018 (or the date of the Company’s annual general meeting in 2018, whichever is earlier). Pursuant to such proposed service contract, Mr. Yang will not receive any remuneration from the Group as an executive Director. Such service contract shall be terminated by either party giving at least three months’ prior notice in writing. For further details of the EGM, Shareholders may refer to the notice of the EGM to be published by the Company in due course.

Save as disclosed above, Mr. Yang does not hold any other position with the Company or other members of the Group. Mr. Yang does not and has not, in the past three years, held any directorships in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas. Mr. Yang does not have any relationship with any director, member of senior management or substantial or controlling shareholder of the Company. As at the date of this announcement, Mr. Yang does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (“ SFO ”).

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Save as disclosed above, there is no other information relating to Mr. Yang’s proposed appointment as an executive Director that is required to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules. Save as disclosed herein, there is also no other matter which needs to be brought to the attention of the Shareholders in respect of Mr. Yang’s proposed appointment as an executive Director.

MR. TEO SIONG SENG (“Mr. Teo”)

Mr. Teo Siong Seng (S. S. Teo 張松聲), was born in Singapore in December 1954, aged 60. Mr. Teo graduated from Glasgow University in the United Kingdom in 1979 with a First Class Honours Degree in Naval Architecture & Ocean Engineering. He is the managing director of Pacific International Lines (Pte) Ltd., the chairman and chief executive officer of Singamas Container Holdings Limited, a company listed on the main board of the Stock Exchange (stock code 00716). He is the former president of the Singapore Chinese Chamber of Commerce & Industry and a nominated member of parliament of the Singapore Government. He was the founding chairman of Singapore Maritime Foundation and president of Singapore Shipping Association. He was an independent non-executive Director of China COSCO Holding Company Limited (the A shares and H shares of which are listed on the Shanghai Stock Exchange (stock code 601919) and the main board of the Stock Exchange (stock code 1919) respectively) from June 2008 to May 2014 and an independent non-executive director of China Shipping Container Lines Company Limited (the A shares and H shares of which are listed on the Shanghai Stock Exchange (stock code 601866) and the main board of the Stock Exchange (stock code 2866) respectively) from June 2013 to May 2015. He is currently the chairman of the Singapore Business Federation, honorary consul of the United Republic of Tanzania in Singapore, the chairman of The Singapore Maritime Institute Board of Directors and Chairman of the Governing Council, the director of Business China (Singapore), and chairman of the Standard Steamship Owners’ Protection and Indemnity Association (Asia) Ltd.

It is proposed that subject to the Shareholders’ approval at the EGM, Mr. Teo will enter into a service contract with the Company for his appointment as an independent non-executive Director for a term from the date of the EGM up to and including 17 June 2018 (or the date of the Company’s annual general meeting in 2018, whichever is earlier). Pursuant to such proposed service contract, Mr. Teo will be entitled to a director’s fee of RMB300,000 per year from the Company and will not be entitled to any other remuneration or bonuses as an independent non-executive Director. The director’s fee was determined pursuant to the Group’s remuneration policy for independent non-executive directors as approved by the Shareholders in the annual

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general meeting of the Company held on 18 June 2015. Such service contract may be terminated by either party giving at least three months’ prior notice in writing. For further details of the EGM, Shareholders may refer to the notice of the EGM to be published by the Company in due course.

Save as disclosed above, Mr. Teo does not hold any other position with the Company or other members of the Group. Save as disclosed above, Mr. Teo does not hold and has not held, in the past three years, any directorships in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas. Mr. Teo does not have any relationship with any director, member of senior management or substantial or controlling shareholder of the Company. As at the date of this announcement, Mr. Teo does not have any interest in the shares of the Company within the meaning of Part XV of the SFO.

Save as disclosed above, there is no other information relating to Mr. Teo’s proposed appointment as an independent non-executive Director which is required to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules. Save as disclosed herein, there is also no other matter which needs to be brought to the attention of the Shareholders in respect of Mr. Teo’s proposed appointment as an independent non-executive Director.

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

Company secretary

Shanghai, the People’s Republic of China

29 September 2015

As at the date of this announcement, the board of directors of the Company comprises Mr. Xu Lirong, Mr. Zhang Guofa, Mr. Huang Xiaowen, Mr. Ding Nong, Mr. Yu Zenggang, Mr. Han Jun and Mr. Qiu Guoxuan as executive Directors, Mr. Wang Wusheng, Mr. Ruan Yongping, Mr. Ip Sing Chi and Mr. Rui Meng as independent non-executive Directors.

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