COSCO SHIPPING : POSITIVE PROFIT ALERT REGARDING 2017 FIRST QUARTER RESULTS

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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)

This announcement is made by COSCO SHIPPING Holdings Co. Ltd.* (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board of directors of the Company wishes to inform the shareholders of the Company and potential investors that the Group is expected to record a net profit for the three months ended 31 March 2017 (the "Reporting Period") as compared to a net loss in the same period of last year. The net profit attributable to equity holders of the Company for the Reporting Period is estimated to be approximately RMB260,000,000, as compared to the profit attributable to the equity holders of the Company of approximately RMB-4,483,790,086.13 (before restatement) with basic earnings per share of RMB-0.44 (before restatement) in the same period of last year.

During the Reporting Period, benefitting from the firmly recovering market and integration synergies, the overall operation conditions of the Company retained positive momentum. During the Reporting Period, the container shipping market mildly recovered, and the average China Containerized Freight Index (CCFI) was

825.3 points, representing an 11.7% increase from the same period of last year. The average freight rates of the container shipping business of the Company increased over the same period of last year. According to preliminary estimates, during the Reporting Period, the cargo volume (in terms of TEU) of the container shipping business of the Company increased by approximately 54% compared to the same period of last year.

The Company has yet to finalize the quarterly results of the Group for the three months ended 31 March 2017. The information contained in this announcement is only a preliminary estimation made by the Company based on China Accounting Standards, which has not been reviewed or audited by the auditors of the Company. Details of the financial information of the Group for three months ended 31 March 2017 to be disclosed in the first quarterly report of the Company shall prevail over the information contained herein.

Shanghai, the People's Republic of China 7 April 2017

By Order of the Board

Company Secretary

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, Dr. FAN HSU

Lai Tai, Rita3, Mr. KWONG Che Keung, Gordon3, Mr. Peter Guy BOWIE3 and Mr. YANG, Liang Yee Philip3.

1 Executive Director

2 Non-executive Director

3 Independent Non-executive Director

* For identification purpose only