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Dida Inc. Capital/Financing Update 2017

Oct 26, 2017

50671_rns_2017-10-26_4af56ca7-c337-481e-ab05-1960166c3874.pdf

Capital/Financing Update

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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)

INSIDE INFORMATION

PROPOSED NON-PUBLIC ISSUANCE OF A SHARES

This announcement is made by COSCO SHIPPING Energy Transportation Co., Ltd (the “ Company ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Hong Kong Listing Rules ”) and the Inside Information Provisions (as defined under the Hong Kong Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the “ SFO ”).

PROPOSED NON-PUBLIC ISSUANCE OF A SHARES AND SUSPENSION OF TRADING IN A SHARES

The Company is contemplating a non-public issuance of A shares (the “ Non-public Issuance of A Shares ”). As details for the Non-public Issuance of A Shares are yet to be finalized, in order to ensure fair disclosure of information, safeguard the interests of the investors and avoid unusual movement in the price of the A shares of the Company (the “ A Shares ”) listed on the Shanghai Stock Exchange (the “ Shanghai Stock Exchange ”), upon application by the Company to the Shanghai Stock Exchange, the trading in the A Shares will be suspended from 27 October 2017.

The Non-public Issuance of A Shares may or may not proceed, but if it does, the Company will undertake the Non-public Issuance of A Shares in accordance with the relevant laws and regulations, and it expects to publish an announcement in relation to the Non-public Issuance of A Shares and resume trading of the A Shares within 10 trading days on the Shanghai Stock Exchange from the date of suspension of trading in the A Shares (including the day of suspension).

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During the period of suspension of trading in the A Shares, the Company will strictly comply with its disclosure obligations under the relevant laws and regulations and will publish an announcement on the progress of the Non-public Issuance of A Shares every five trading days on the Shanghai Stock Exchange from the date of suspension of trading in the A Shares (including the day of suspension).

CONTINUATION OF TRADING IN H SHARES

As at the date of this announcement, the Company has not entered into any legally binding contract in relation to the Non-public Issuance of A Shares. The Company will make further announcement(s) in relation to the Non-public Issuance of A Shares as and when necessary in accordance with the applicable regulatory requirements.

Save as disclosed in this announcement, the board of directors of the Company (the “ Board ”) confirms that it is not aware of any other inside information that needs to be disclosed under the Hong Kong Listing Rules and Part XIVA of the SFO. Accordingly, the Company will continue the trading of its H shares listed on The Stock Exchange of Hong Kong Limited.

As the details of the Non-public Issuance of A Shares are yet to be finalized, it may or may not proceed. If it does proceed, the Non-public Issuance of A Shares may still be subject to certain conditions. Shareholders of the Company and investors should exercise caution when dealing in the securities of the Company.

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

Company Secretary

Shanghai, the People’s Republic of China 26 October 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.

  • for identification purpose only

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