Dida Inc. — Capital/Financing Update 2011

Jul 6, 2011

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)

Overseas Regulatory Announcement

On 6 July 2011, the Public Offering Review Committee of the China Securities Regulatory Commission（中國證券監督管理委員會發行審核委員會）reviewed the application by China Shipping Development Company Limited (hereinafter referred to as the “Company”) with respect to the public offering of not more than RMB3.95 billion of convertible bonds (hereinafter referred to as “convertible bonds”) at its 147th working meeting in 2011. According to the review results, the application of the Company in respect of the public offering of convertible bonds was approved. The Company will make further announcement as and when the Company receives the approval documents from the China Securities Regulatory Commission.

This announcement is made in compliance with the requirement under Rule 13.09(2) of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The A shares of the Company are listed on Shanghai Stock Exchange and Shanghai Stock Exchange has required the Company to make an announcement similar to this announcement.

By order of the Board China Shipping Development Company Limited Yao Qiaohong Company Secretary

Shanghai, the PRC 6 July 2011

As at the date of this announcement, the board of directors of the Company comprises Mr. Li Shaode, Mr. Ma Zehua, Mr. Lin Jianqing, Mr. Wang Daxiong, Mr. Zhang Guofa, Mr. Yan Zhichong 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.