Dida Inc. — Board/Management Information 2016

Aug 22, 2016

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)

RESIGNATION OF EXECUTIVE DIRECTORS AND APPOINTMENT OF

EXECUTIVE DIRECTOR AND NON-EXECUTIVE DIRECTORS

The Board hereby announces that (i) Mr. Huang Xiaowen, Mr. Ding Nong and Mr. Yu Zenggang has respectively tendered their resignation as executive Directors and members of the Strategy Committee of the Board with effect from the date on which the appointments of the non-executive Directors as referred to below are approved by the Shareholders at the EGM; and (ii) Mr. Yang Jigui, Mr. Han Jun and Mr. Qiu Guoxuan has respectively tendered their resignation as executive Directors and members of the Strategy Committee of the Board with effect from 22 August 2016; (iii) Mr. Lu Junshan is appointed as executive Director of the Company subject to approval by the Shareholders at the EGM; and (iv) Mr. Feng Boming, Ms. Lin Honghua and Mr. Zhang Wei are respectively appointed as non-executive Directors of the Company subject to approval by the Shareholders at the EGM.

RESIGNATION EXECUTIVE DIRECTORS

The board (the “ Board ”) of directors (the “ Directors ”) of China Shipping Development Company Limited (the “ Company ” and together with its subsidiaries, the “ Group ”) hereby announces that due to the Group’s redeployment of human resources, Mr. Huang Xiaowen (“ Mr. Huang ”), Mr. Ding Nong (“ Mr. Ding ”) and Mr. Yu Zenggang (“ Mr. Yu ”) has respectively tendered their resignation as executive Directors and members of the Strategy Committee of the Board with effect from the

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date on which the appointment of the non-executive Directors as referred to below in this announcement are approved by the shareholders of the Company (“ Shareholders ”) at the upcoming extraordinary general meeting which is expected to be held on 19 September 2016 (the “ EGM ”).

The Board hereby announces that due to the Group’s redeployment of human resources, Mr. Yang Jigui (“ Mr. Yang ”), Mr. Han Jun (“ Mr. Han ”) and Mr. Qiu Guoxuan (“ Mr. Qiu ”) has respectively tendered their resignation as executive Directors and members of the Strategy Committee of the Board with effect from 22 August 2016

Each of Mr. Huang, Mr. Ding, Mr. Yu, Mr. Yang, Mr. Han and Mr. Qiu has confirmed that he has no disagreement with the Board and there is no matter relating to their respective resignation that needs to be brought to the attention of the Shareholders.

The Board would like to take this opportunity to express its gratitude and appreciation to Mr. Huang, Mr. Ding, Mr. Yu, Mr. Yang, Mr. Han and Mr. Qiu for their valuable contributions to the Company as executive Directors during their term of office.

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board hereby announces that the Board has resolved to appoint Mr. Lu Junshan (“ Mr. Lu ”) as executive Director subject to the Shareholders’ approval at the EGM.

The appointment of Mr. Lu as executive Director will take effect immediately after the approval by the Shareholders at the EGM. The particulars of Mr. Lu 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.

Mr. Lu Junshan, born in January 1959 and aged 57, has a graduate education background and holds a Master’s Degree in Laws. He is also a senior administration engineer. He is currently a deputy general manager of the Company. Mr. Lu was formerly the ship’s second engineer, and the deputy manager of President’s Office of Shanghai Ocean Shipping Co., Ltd., the director of President’s Office, the director of Party branch office and the member of Party Committee of Shanghai Shipping Exchange. He was appointed as the vice-Minister of Publicity Department, the Minister of Publicity Department, the chairman of the union, the general manager of Enterprise Culture Department and Spiritual Civilization Construction Office of COSCO Container Lines Co., Ltd (“ COCSO Container ”). He was also the Minister of Publicity Department, the vice-Minister of Party Work Department of China Ocean

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Shipping(Group) Company (“ COSCO Group ”), the Party secretary, the vice president of Hainan COSCO Boao Company Limited and the Party secretary, the vice president of Dalian Ocean Shipping Company Limited. Mr. Lu joined the Company as a deputy general manager in June 2016.

Subject to Shareholders’ approval at the EGM of Mr. Lu’s appointment, Mr. Lu will enter into a service contract with the Company for his appointment as an executive Director for a term commencing from the date of the Shareholders’ approval at the EGM up to and including 17 June 2018 (or until the date of the annual general meeting of the Company to be held in 2018, whichever is earlier). Pursuant to the terms of such service contract, no remuneration will be payable to Mr. Lu for his office as a Director. The proposed service contract may be terminated by not less than three months’ notice served by either party.

As at the date of this announcement and save as disclosed above, Mr. Lu does not hold any other positions in the Company or other members of the Group. Save as disclosed above, Mr. Lu does not hold 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. Save as disclosed above, Mr. Lu does not have any relationship with any Director, member of senior management of the Company or substantial or controlling Shareholder. Mr. Lu 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).

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

APPOINTMENT OF NON-EXECUTIVE DIRECTORS

The Board hereby announces that the Board has resolved to appoint Mr. Feng Boming (“ Mr. Feng ”), Ms. Lin Honghua (“ Ms. Lin ”) and Mr. Zhang Wei (“ Mr. Zhang ”) as non-executive Directors subject to the Shareholders’ approval at the EGM.

The appointment of Mr. Feng, Ms. Lin and Mr. Zhang as non-executive Directors will take effect immediately after the approval by the Shareholders at the EGM. The particulars of Mr. Feng, Ms. Lin and Mr. Zhang which are required to be disclosed under the Listing Rules are set out below.

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(i) Mr. Feng

Mr. Feng Boming (馮波鳴先生), born in October 1969 and aged 46, holds a master’s degree in business administration and is an economist. Mr. Feng served as deputy manager and manager of the commercial section of the liner division, and deputy manager and manager of the trade protection division of COSCO Container , general manager of COSCO Container Hong Kong Mercury Co., Ltd. of COSCO Container, general manager of the management and administration department of COSCO Holdings Co., Ltd. (Hong Kong) (中遠控股（香港）有限 公司) and general manager of the administration department of COSCO Container Lines (Hong Kong) Co., Limited, general manager of the Wuhan branch of COSCO Container China branch, and director of the strategic management implementation office of China Ocean Shipping (Group) Company. Mr. Feng is currently general manager of the strategic and corporate management division of China COSCO Shipping Corporation Limited and a non-executive director of China Shipping Container Lines Company Limited (a company listed on the Stock Exchange with stock code 2866).

Subject to Shareholders’ approval at the EGM of Mr. Feng’s appointment, Mr. Feng will enter into a service contract with the Company for his appointment as a non-executive Director for a term commencing from the date of the Shareholders’ approval at the EGM up to and including 17 June 2018 (or until the date of the annual general meeting of the Company to be held in 2018, whichever is earlier). Pursuant to the terms of such service contract, no remuneration will be payable to Mr. Feng for his office as a Director. The proposed service contract may be terminated by not less than three months’ notice served by either party.

As at the date of this announcement and save as disclosed above, Mr. Feng does not hold any other positions in the Company or other members of the Group. Save as disclosed above, Mr. Feng does not hold 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. Save as disclosed above, Mr. Feng does not have any relationship with any Director, member of senior management of the Company or substantial or controlling Shareholder. Mr. Feng 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).

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Save as disclosed above, there is no other information relating to Mr. Feng that needs to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules. There is no other matter which needs to be brought to the attention of the Shareholders in respect of Mr. Feng’s appointment as a non-executive Director of the Company.

(ii) Ms. Lin

Ms. Lin Honghua (林紅華女士), born in June 1964 and aged 52, is an assistant accountant. Ms. Lin served as deputy section chief, deputy director and director of the planning and finance department of COSCO Group, director of the finance department of COSCO Group, financial controller of COSCO Oceania Pty Ltd., and chief auditor of the finance department of China Ocean Shipping (Group) Company. Ms. Lin is currently chief auditor of the finance and accounting division of China COSCO Shipping Corporation Limited.

Subject to Shareholders’ approval at the EGM of Ms. Lin’s appointment, Ms. Lin will enter into a service contract with the Company for her appointment as a non-executive Director for a term commencing from the date of the Shareholders’ approval at the EGM up to and including 17 June 2018 (or until the date of the annual general meeting of the Company to be held in 2018, whichever is earlier). Pursuant to the terms of such service contract, no remuneration will be payable to Ms. Lin for her office as a Director. The proposed service contract may be terminated by not less than three months’ notice served by either party.

As at the date of this announcement and save as disclosed above, Ms. Lin does not hold any other positions in the Company or other members of the Group. Save as disclosed above, Ms. Lin does not hold 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. Save as disclosed above, Ms. Lin does not have any relationship with any Director, member of senior management of the Company or substantial or controlling Shareholder. Ms. Lin 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).

Save as disclosed above, there is no other information relating to Ms. Lin that needs to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules. There is no other matter which needs to be brought to the attention of the Shareholders in respect of Ms. Lin’s appointment as a non-executive Director of the Company.

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(iii) Mr. Zhang

Mr. Zhang Wei (張煒先生), born in April 1966 and aged 50, is an engineer. Mr. Zhang served as a crew member in Guangzhou Ocean Shipping Company, deputy manager of the container transportation department, deputy director of the marketing department and deputy general manager for the Asia-Pacific trade zone of COSCO Container, deputy general manager of the business advisory development department of COSCO Container, deputy general manager of Florens Container Services Company Limited and executive vice president of Piraeus Container Terminal S.A.. Mr. Zhang is currently deputy general manager of the operating management division of China COSCO Shipping Corporation Limited.

Subject to Shareholders’ approval at the EGM of Mr. Zhang’s appointment, Mr. Zhang will enter into a service contract with the Company for his appointment as a non-executive Director for a term commencing from the date of the Shareholders’ approval at the EGM up to and including 17 June 2018 (or until the date of the annual general meeting of the Company to be held in 2018, whichever is earlier). Pursuant to the terms of such service contract, no remuneration will be payable to Mr. Zhang for his office as a Director. The proposed service contract may be terminated by not less than three months’ notice served by either party.

As at the date of this announcement and save as disclosed above, Mr. Zhang does not hold any other positions in the Company or other members of the Group. Save as disclosed above, Mr. Zhang does not hold 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. Save as disclosed above, Mr. Zhang does not have any relationship with any Director, member of senior management of the Company or substantial or controlling Shareholder. Mr. Zhang 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).

Save as disclosed above, there is no other information relating to Mr. Zhang that needs to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules. There is no other matter which needs to be brought to the attention of the Shareholders in respect of Mr. Zhang’s appointment as a non-executive Director of the Company.

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Supplemental notice of the EGM to be convened to, approve, among other things, the appointment of Mr. Lu, Mr. Feng, Ms. Lin and Mr. Zhang will be sent to the Shareholders in due course.

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

Company Secretary

Shanghai, the People’s Republic of China 22 August 2016

As at the date of this announcement, the Board comprises Mr. Sun Jiakang, Mr. Huang Xiaowen, Mr. Ding Nong and Mr. Yu Zenggang as executive Directors, and Mr. Wang Wusheng, Mr. Ruan Yongping, Mr. Ip Sing Chi, Mr. Rui Meng and Mr. Teo Siong Seng as independent non-executive Directors.

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