COSCO SHIPPING : OVERSEAS REGULATORY ANNOUNCEMENT

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

(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 "Summary of the Material Asset Acquisition Report (Draft) (Revised Version)" as published in Chinese on the website of the Shanghai Stock Exchange (www.sse.com.cn) on 25 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 25 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

COSCO SHIPPING Holdings Co., Ltd. Summary of the Material Asset Acquisition Report (Draft) (Revised Version)

Place of listing of A shares：Shanghai Stock Exchange Stock code: 601919 Stock short name: COSCO SHIP HOLD Place of listing of H shares：Hong Kong Stock Exchange Stock code:01919 Stock short name: COSCO SHIP HOLD

Independent Financial Adviser

12th&15th Floors, Winland International Financial Center, No. 7 Financial Street, Xicheng District, Beijing

July 2017

The Company and all of its directors, supervisors and senior management hereby guarantee the truthfulness, accuracy and completeness of the contents of this Report, and jointly accept responsibility for the false representations, misleading statements or material omissions in this Report.

The responsible person of the Company and the chief accountant and head of the accounting department of the Company hereby guarantee the truthfulness, accuracy and completeness of the financial statements contained in this Report.

Any decisions or opinions of the China Securities Regulatory Commission and other government bodies regarding the Material Asset Acquisition are not expression of substantive judgment or warrant of the value of the shares of the Company or investors' gain. Any declaration to the contrary is false and is a misrepresentation.

After the Material Asset Restructuring is completed, the Company shall be responsible for the changes in the operation and revenue of the Company; investors are responsible for any investment risk caused by the Material Asset Restructuring.

What described in this Report does not represent any substantial judgment, confirmation or approval by any examining and approving authority in respect of matters involved in the Material Asset Restructuring. Matters relating to the Material Asset Restructuring set out in this Report are subject to permit or approval from relevant regulating and approving authorities before such matters become effective and be completed.

If investors have any doubt on this Report, they should consult their own stock brokers, lawyers, professional accountants and other professional consultants.

According to the Ex-post Enquiry Letter Regarding the Information Disclosure on the Draft of the Material Asset Restructuring of COSCO SHIPPING Holdings Co., Ltd. (Shang Zheng Gong Han No. [2017] 0841) (《關於中遠海運控股股份有限公司重大資 產重組草案信息披露的事後問詢函》（上證公函【2017】0841 號）), the Company

has revised and supplemented the Summary. The major additions and amendments are described as follows:

Under "(I) Risk relating to the approval of the Transaction" in "I. Risks relating to the Transaction" of "Warning on Major Risks" as set out in the revised version of the Summary, the risk warning on risk relating to anti-monopoly approval and other approval inside and outside the PRC has been revised and improved.

The Company has added "(III) Overseas approval and risk disclosure required for the implementation of the Transaction" to "IX. Procedures Performed and to be Performed for the Transaction" under "Notes on Material Events" and "IX. Procedures Performed and to be Performed for the Transaction" under "Chapter 1 Overview of the Transaction" in the revised version of the Summary, in order to elaborate the required overseas approval and risks in relation to the Transaction.

The Company has added "X. The Transaction's Influence on the Listing Status of the Target Company" to "Chapter 1 Overview of the Transaction" in the revised version of the Summary, in order to analyze the Transaction's influence on the listing status of the Target Company.