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.

中 遠 海 運 控 股 股 份 有 限 公 司

COSCO SHIPPING Holdings Co., Ltd.*

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

(Stock Code: 1919) OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The "Update on the Progress for Material Asset Restructuring" as published in Chinese on the website of the Shanghai Stock Exchange (www.sse.com.cn) on 14 July 2017 is enclosed hereto as overseas regulatory announcement in English and Chinese.

By Order of the Board

COSCO SHIPPING Holdings Co., Ltd.* Guo Huawei

Company Secretary

Shanghai, the People's Republic of China 14 July 2017

As at the date of this announcement, the directors of the Company are Mr. WAN Min2 (Chairman), Mr. HUANG Xiaowen1 (Vice Chairman), Mr. XU Zunwu1, Mr. MA Jianhua2, Mr. WANG Haimin1, Mr. ZHANG Wei (張為)1, Mr. FENG Boming2, Mr. ZHANG Wei (張煒)2, Mr. CHEN Dong2, Mr. YANG,

Liang Yee Philip3, Mr. WU Dawei3, Mr. ZHOU Zhonghui3, Mr. TEO Siong Seng3 and Mr. KOO, Chee Kong Kenneth3.

1 Executive Director

2 Non-executive Director

3 Independent non-executive Director

* For identification purpose only

Stock Code: 601919 Stock Abbreviation: COSCO SHIP HOLD Announcement No. Lin 2017-044 COSCO SHIPPING Holdings Co., Ltd. Update on the Progress for Material Asset Restructuring The board of directors of the Company and all directors of the Company warrant that the contents of this announcement does not contain any false representations, misleading statements or material omissions and severally and jointly accept responsibility for the truthfulness, accuracy and completeness of its contents. It is hereby announced that:

As China COSCO Shipping Corporation Limited (中國遠洋海運集團有限公司) (hereinafter referred to as "COSCO SHIPPING"), the indirect controlling shareholder of COSCO SHIPPING Holdings Co., Ltd. (hereinafter referred to as the "Company"), was proposing to plan for certain material matters which involved the Company, the Company issued an "Announcement on Suspension of Trading for

Material Matters" 《(

重大事項停牌公告》) (No. Lin 2017-024) on 17 May 2017. Such

matters constitute material asset restructuring based on discussion and negotiation among the parties. The Company issued an "Announcement on Suspension of Trading

for Material Asset Restructuring" 《(

重大資產重組停牌公告》) (No. Lin 2017-030) on

1 June 2017 and trading in the Company's shares continued to be suspended from 2 June 2017. Subsequently, the Company issued an "Announcement on the Progress for

Material Asset Restructuring and Continuous Suspension of Trading" 《(

重大資產重

組進展暨繼續停牌公告》) (No. Lin 2017-034) on 16 June 2017; and issued an

"Announcement on Update on the Progress for Material Asset Restructuring" 《( 重大

資產重組進展公告》) (No. Lin 2017-032, No. Lin 2017-036 and No. Lin 2017-037) on 9 June 2017, 23 June 2017 and 30 June 2017, respectively.

On 7 July 2017, the Company held the third meeting of the fifth session of the board of directors, considered and approved the resolutions in relation to the material asset restructuring, including the "Resolution on the Proposal for the Acquisition of Oriental Overseas International" and the "Resolution on the Material Asset Acquisition Report (Draft) of COSCO SHIPPING Holdings Co., Ltd. and its Summary". For details, please see the relevant announcements of the Company disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on 9 July 2017.

In accordance with the relevant regulatory requirements, the Shanghai Stock Exchange shall review relevant documents in relation to the restructuring. Trading in the shares of the Company will not be resumed temporarily, and the Company will

fulfill its obligations of information disclosure in a timely manner based on the progress for the said material asset restructuring and will issue an announcement in this respect every five trading days. After receiving the review opinion from the Shanghai Stock Exchange and after the Company having responded accordingly, the Company will fulfill its obligations of information disclosure and resume trading pursuant to the relevant requirements.

The Company's designated media outlets for information disclosure are China Securities Journal, Shanghai Securities News, Securities Times, Securities Daily and the website of the Shanghai Stock Exchange (http://www.sse.com.cn). Information related to the Company published by the above designated media outlets shall prevail. Investors are advised to exercise caution and be aware of investment risks.

COSCO SHIPPING Holdings Co., Ltd.

14 July 2017

COSCO Shipping Holdings Company Limited published this content on 17 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 July 2017 03:25:40 UTC.

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