Dida Inc. — Regulatory Filings 2012

Nov 6, 2012

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)

DELAY IN DESPATCH OF CIRCULAR IN RELATION TO CONTINUING CONNECTED TRANSACTIONS

This announcement is made pursuant to Rule 14A.47A of the Listing Rules.

Reference is made to the announcement of the Company dated 15 October 2012 in relation to the continuing connected transactions (the “Announcement”). Unless otherwise stated, capitalized terms used herein shall have the same meanings as ascribed thereto in the Announcement.

As disclosed in the Announcement, the Company expected to despatch a circular containing, among other things, details of the New Financial Services Framework Agreement, the New Services Agreement and a letter from the Independent Financial Adviser containing its advice to the Independent Board Committee and the Independent Shareholders no later than 6 November 2012. As additional time is required for the Company to prepare and finalise the information to be contained in the circular, the despatch date of the circular is expected to be delayed to a date falling on or before 23 November 2012.

By order of the Board

China Shipping Development Company Limited Yao Qiaohong Company Secretary

Shanghai, the People’s Republic of China 6 November 2012

As at the date of this announcement, the board of directors of the Company comprises of Mr. Li Shaode, Mr. Xu Lirong, Mr. Zhang Guofa, Mr. Wang Daxiong, Mr. Yan Zhichong and Mr. Qiu Guoxuan as executive Directors, and Mr. Zhu Yongguang, Mr. Zhang Jun, Mr. Lu Wenbin and Mr. Wang Wusheng as independent non-executive Directors.