Dida Inc. — Capital/Financing Update 2017

Dec 7, 2017

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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COSCO SHIPPING ENERGY TRANSPORTATION CO., LTD. 中遠海運能源運輸股份有限公司*

(a joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 1138)

CLARIFICATION ANNOUNCEMENT

Reference is made to the circular dated 4 December 2017 (“ Circular ”) issued by COSCO SHIPPING Energy Transportation Co., Ltd. (the “ Company ”). Unless otherwise stated, capitalised terms used in this announcement have the same meanings as ascribed to them in the Circular.

As disclosed in the Circular, the Subscription Agreement was entered into by CSOCO Shipping with a view to supporting the development of the business of the Company, and demonstrating the confidence that COSCO Shipping places in the Company. Save for that which forms part of the strategic goals of the Group as a result of the restructuring of China Shipping (Group) and China Ocean Shipping (Group) Company, the details of which are set out in the Company’s circular dated 22 April 2016, it is the intention of COSCO Shipping that immediately after completion of the Subscription: (i) the continued operation of the principal businesses carried on the Company shall be maintained, (ii) there will be no major changes to the principal businesses of the Company (including any redeployment of the Company’s fixed assets), or to the continued employment of the employees of the Group, other than in the Group’s ordinary and usual course of business.

By order of the Board COSCO SHIPPING Energy Transportation Co., Ltd. Yao Qiaohong Company Secretary

Shanghai, the People’s Republic of China 7 December 2017

As at the date of this announcement, the Board of Directors of the Company comprises Mr. Huang Xiaowen, Mr. Liu Hanbo and Mr. Lu Junshan as executive Directors, Mr. Feng Boming, Mr. Zhang Wei and Ms. Lin Honghua as non-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.

All the Directors jointly and severally accept full responsibility for the accuracy of the information in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any of the statements in this announcement misleading.

• For identification purpose only.