Dida Inc. — Board/Management Information 2016

Aug 5, 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.

==> picture [65 x 48] intentionally omitted <==

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 GENERAL MANAGER AND APPOINTMENT OF GENERAL MANAGER AND EXECUTIVE DIRECTOR

The Board hereby announces that (i) Mr. Han has tendered his resignation as the General Manager with effect from 5 August 2016; and (ii) the Board has resolved to appoint Mr. Liu as the General Manager with effect from 5 August 2016 and an executive Director subject to approval by the Shareholders at the EGM.

RESIGNATION OF GENERAL MANAGER

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 Mr. Han Jun (“ Mr. Han ”), an executive Director, has tendered his resignation as the general manager of the Company (the “ General Manager ”) with effect from 5 August 2016 due to the Group’s redeployment of human resources.

Mr. Han has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation as the General Manager that needs to be brought to the attention of the shareholders of the Company (the “ Shareholders ”).

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

— 1 —

APPOINTMENT OF GENERAL MANAGER AND EXECUTIVE DIRECTOR

The Board hereby announces that the Board has resolved to appoint Mr. Liu Hanbo (“ Mr. Liu ”) as the General Manager with effect from 5 August 2016, Mr. Liu is also proposed to be appointed as an executive Director subject to the Shareholders’ approval at the upcoming extraordinary general meeting which is expected to be held on 19 September 2016 (the “ EGM ”).

Mr. Liu’s appointment as an executive Director will take effect immediately after the approval by the Shareholders at the EGM. Mr. Liu’s particulars which are required to be disclosed by 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. Liu, born in November 1959 and aged 56, holds a master’s degree in engineering and is a senior economist. Mr. Liu has served as the deputy general manager of COSCO Dalian Industries Company, the deputy director of the Development Department and the head of Operation and Management Department of Dalian Ocean Shipping Company Limited, the general manager of COSCO Dalian Industries Development Company, the deputy general manager of the Development Department, the general manager and director of Assets Operation Center of China Ocean Shipping (Group) Company, the vice president of COSCO (Hong Kong) Group Limited, the general manager of COSCO (H.K.) Industries and Trade Holdings Ltd., the general manager of COSCO International Holdings Ltd., the deputy general manager of Dalian Ocean Shipping Company Limited, the president of China Ocean Shipping Company Americas, Inc., the general manager of China COSCO Bulk Shipping (Group) Co., Ltd., and the general manager of COSCO SHIPPING Bulk Co., Ltd.

It is proposed that subject to the Shareholders’ approval, Mr. Liu will enter into a service contract with the Company for his appointment as an executive Director for a term from the date of Shareholders’ approval on his appointment up to 17 June 2018 (or until the date of the annual general meeting of the Company to be held in 2018, whichever is earlier). No director’s fee will be payable to Mr. Liu and no remuneration has been determined for Mr. Liu’s role as a General Manager as at the date of this announcement.

— 2 —

Save as disclosed above, Mr. Liu does not have any relationship with any Director, member of senior management of the Company or substantial or controlling Shareholder, and 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. Liu 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. Liu 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. Liu’s appointment as the General Manager and an executive Director of the Company.

The supplemental notice of the EGM to be convened to, among other things, approve the appointment of Mr. Liu 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 5 August 2016

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

— 3 —