Dida Inc. — Major Shareholding Notification 2016

Jan 6, 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.

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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)

VOLUNTARY ANNOUNCEMENT

Reference is made to the announcement of China Shipping Development Company Limited (the “ Company ”) dated 9 July 2015 in relation to the plan of China Shipping (Group) Company (中國海運(集團)總公司) (“ China Shipping ”, the controlling shareholder of the Company) to increase its shareholding in the Company in the minimum aggregate amount of RMB151 million at appropriate market prices in the six months from 9 July 2015 (the “ Plan ”).

The Company has been notified by China Shipping that China Shipping (and its affiliated companies) completed the implementation of the Plan to increase its shareholding in the Company on 5 January 2016, further details of which are set out below:

1. Increases in shareholding

In the period from 9 July 2015 to 5 January 2016, China Shipping (including its affiliated companies) increased its shareholding in the Company by purchasing a total of 17,706,998 A shares of the Company in the form of capital management through the securities trading system of the Shanghai Stock Exchange in the aggregate amount of RMB151.27 million at the average price of RMB8.54 per A share.

Immediately prior to the implementation of the Plan, China Shipping is interested in 1,536,924,595 A shares of the Company, representing approximately 38.12% of the total issued share capital of the Company. Immediately after the completion of the Plan, China Shipping (including its affiliated companies) is interested in 1,554,631,593 A shares of the Company, representing approximately 38.56% of the total issued share capital of the Company.

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2. China Shipping’s undertakings

During its implementation of the Plan, China Shipping has complied with its undertaking not to reduce its shareholding in the Company. China Shipping undertook not to reduce its shareholding in the Company in the six months subsequent to the completion of the Plan.

3. Compliance with relevant laws and regulations

The increases in shareholding carried out during the period from 9 July 2015 to 5 January 2016 are in compliance with the PRC laws and regulations, including the “Securities Law”, departmental rules and the operating rules of the Shanghai Stock Exchange.

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

Shanghai, the People’s Republic of China 6 January 2016

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. 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.

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