Dida Inc. — Investor Presentation 2015

Nov 10, 2015

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)

ANNOUNCEMENT ON THE DETAILS OF THE INVESTOR BRIEFING SESSION CONVENED

The board (the “ Board ”) of directors (the “ Directors ”) of China Shipping Development Company Limited (the “ Company ” or “ China Shipping Development ” and together with its subsidiaries, the “ Group ”) and all members of the Board warrant the truthfulness, accuracy and completeness of the contents of this announcement, and accept several and joint responsibilities for any false information, misleading statements or material omissions in this announcement. In order to fully safeguard the interests of investors, the Company held an investor briefing session on the SSE Road Show network platform by way of internet interaction at 16:15 to 17:15 on Monday, 9 November 2015 (the “ Session ”) to discuss and communication with investors on relevant matters regarding the suspension of trading in the Company’s shares, and answer the investors’ questions of general concern within the scope of legal compliance.

I. The investor briefing session

Given that China Shipping (Group) Company (“ China Shipping ”), the controlling shareholder of the Company, is currently in contemplation of certain material matters, trading in the shares of the Company has been suspended since 10 August 2015 upon its application. During the suspension, the Company has actively carried out relevant work, and performed related decision-making procedures and information disclosure obligations. In order to enhance interaction and communication with investors and fully safeguard the interests of investors, the Company has held the investor briefing session on the SSE Road Show network platform. Mr. Han Jun, an executive director and the general manager of the

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Company, Mr. Wang Kang Tian, a deputy general manager and the chief financial officer of the Company, and Ms. Yao Qiaohong, secretary to the Board attended the investor briefing session, and interactively exchanged and communicated with the investors and answered investors’ questions of general concern.

II. The main issues raised by the investors in the Session and answers of the Company

The Company has answered the investors’ questions of general concern at the session. The relevant questions and answers are summarized as follows:

1. Question from investor: I am a small retail investor of the Company. Currently, trading in the shares of the Company remains suspended, and when the trading in the shares of the Company will resume?

Answer: Thanks for your question. Following discussion and negotiation with the parties concerned, the controlling shareholder is planning assets integration for related business segments of its subsidiaries. However, because of the complicated issues involved, the scope of consolidation may involve both domestic and foreign assets. Currently, relevant matters are under study and demonstration with ongoing constant communication with regulatory agencies, which will involve the Company’s major assets restructuring. Given there are still uncertainties in the related restructuring plan and the plan is subject to regulatory approval, in order to ensure fair information disclosure and protect the interests of investors, and to avoid unusual stock price fluctuation, trading in the shares of the Company will continue to be suspended upon its application. The Company will fulfill its information disclosure obligations in a timely manner after obtaining regulatory approval. Upon completion of related work, the Company will convene a Board meeting to consider the related resolutions on the major assets restructuring plan, and make announcement(s) as soon as possible and resume trading of its shares. Please refer to a series of announcements published by the Company recently for details.

1. Question from investor: What measures has the Company taken to realize the significant growth of the oil shipping business of the Company in the third quarter of this year?

Answer: Thanks for your question and care about the Company. In 2015, the Company strengthened the corporation with its key customers while endeavoring to reduce the operating cost and improve the operating efficiency, resulting in continued increase in the shipping efficiency of the oil shipment fleet and significant improvement of the operating efficiency. For domestic oil shipment, with the great

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support from China Shipping, the controlling shareholder of the Company, the Company completed the acquisition of 40% equity interests in Beihai Shipping. In 2015, we actively promoted all-around cooperation with CNOOC and Beihai Shipping. Meanwhile, we fully leveraged on the joint advantages of domestic and overseas trading markets to timely adjust allocation of domestic and foreign oil shipment capacities while sparing no effort to improve the operating efficiency of single vessel in response to market fluctuation. From January to September 2015, the Group recorded revenue from domestic oil shipment business of RMB1,605 million, representing an year-on-year increase of 6.7%. For international oil shipment, we strengthened market analysis and actively implemented diversified operation strategy. From January to September 2015, through strengthening global marketing, the Company made considerable progress in cooperating with internationally renowned oil companies and the top four traders in the world, and not only significantly increased its business turnover, but also made a historical breakthrough in long-term vessel chartering business, especially long-term vessel chartering with a term of more than five years. From January to September 2015, the Group recorded revenue from foreign vessel chartering business of RMB566 million, representing a year-on-year increase of approximately 231%, significantly enhancing the Company’s brand image and market influence. Through the above measures, the Company continuously improved its foreign oil shipment business. From January to September 2015, revenue from foreign oil shipment business amounted to RMB2,937 million, representing a year-on-year increase of 9.0%.

1. Question from investor: I want to know about the Company’s future capital expenditure.

Answer: Thanks for your question and care about the Company. The Company’s capital expenditure for the future three years amounts to RMB5,140 million, which will be used for construction of three oil tankers with a DWT of 65,000 tonnes, two oil tankers with a DWT of 110,000 tonnes, four VLCCs with a DWT of 300,000 tonnes and six LNG vessels with a loading capacity of 175,000 cubic meters.

1. Question from investor: What was the operation condition of the Company’s VLCCs and VLOCs in the first three quarters?

Answer: Thanks for your question. For the first three quarters of 2015, 14 VLOCs of the Company achieved a shipping volume of 17.37 million tonnes and recorded a revenue of RMB1,200 million and a profit of RMB350 million, representing a gross profit margin of 29.4%. The VLOC fleet’s operation was generally in line with the expected investment return. The Company has 16 VLCCs, 12 of which are self-operated and 4 of which were leased in January, April and September of this year, respectively. For the first three quarters, the Company’s self-operated VLCCs

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achieved a shipping volume of 14.07 million tonnes and record a revenue of RMB1,736 million and a profit of RMB584 million, representing a gross profit margin of 33.6%; 4 leased VLCCs recorded a revenue of RMB171 million and a gross profit of RMB22 million, representing a gross profit margin of 12.8%. For the first three quarters, 16 VLCCs of the Company recorded a revenue of RMB1,907 million and a profit of RMB607 million, representing a gross profit margin of 31.85%, which is a major contributor to the earnings of the Company for the first three quarters.

1. Question from investor:When will this reconstructing plan be completed? Is there any timetable in place?

Answer: Good afternoon. The Company will cooperate with the controlling shareholder to make continuing study and demonstration on the relevant matters and arrange with intermediaries to perform all the work in relation to auditing, assessment, legal counsel and financial advisor in accordance with The Measures for Administration of Material Assets Reorganization of Listed Companies and other relevant requirements. During the suspension, in order to fulfill its obligation of information disclosure in a timely manner based on the development of the major assets restructuring, the Company will announce the updating of the relevant matters every 5 trading days, and make an announcement as soon as possible and resume trading of its shares. From the Company’s perspective, we, just like investors, hope to accelerate the related work as soon as possible, and we are currently stepping up study and demonstration on the plan, promoting the audit assessment, due diligence, regulatory communication and other works involved in the restructuring, and hope to complete the relevant work as quickly as possible. As this plan is complicated, we need to conduct full demonstration for all aspects involved and make proper arrangements, in order to design a plan that is beneficial for both the Company and shareholders, and the Company hopes investors would understand the situation and give the Company more patience and support. The Company will make information disclosures according to the relevant requirements. Thanks for your understanding.

1. Question from investor:What is the status of the reconstructing of China Shipping Development? What is the estimated time for the resumption of trading?

Answer: Good afternoon. The Company is currently stepping up study and demonstration on the plan with the related parties and performing the audit assessment, due diligence, regulatory communication and other works. As this plan is complicated, we need to conduct full demonstration for all aspects involved and make proper arrangements and hope investors would give the Company more patience and support. The Company will make information disclosures according to the relevant requirements. Please follow the Company’s announcement(s) for specific time for the resumption of trading. Thanks for your understanding.

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1. Question from investor: What about the Company’ recent dividend distribution?

Answer: Good afternoon. The Company has not distributed any cash dividend for 2013 due to its loss; the Company recorded a net profit of RMB311 million for 2014. The profit distribution plan of cash dividend of RMB0.3 for every 10 Share was approved at the 2014 annual general meeting of the Company with a total of dividends of approximately RMB120,960,985.83. The dividend distribution for 2015 is subject to a resolution at shareholders’ general meeting depending on the annual operating results.

The session concluded successfully with the active participation of investors. The Company hereby expresses deep gratitude for investors who expressed long-term concern and support for the development of the Company and provided valuable recommendation or advice.

For details of the Session, please visit the SSE Road Show network platform on http://roadshow.sseinfo.com/.

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

Company secretary

Shanghai, the People’s Republic of China 9 November 2015

As at the date of this announcement, the board of directors of the Company comprises Mr. Xu Lirong, Mr. Zhang Guofa, Mr. Huang Xiaowen, Mr. Ding Nong, Mr. Yu Zenggang, Mr. Han Jun and Mr. Qiu Guoxuan as executive directors, Mr. Wang Wusheng, Mr. Ruan Yongping, Mr. Ip Sing Chi and Mr. Rui Meng as independent non-executive directors.

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