COSCO SHIPPING : POSITIVE PROFIT ALERT REGARDING 2017 INTERIM 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)

The Board wishes to inform the shareholders of the Company and potential investors that the Group is expected to record a net profit attributable to shareholders of the Company for the six months ended 30 June 2017.

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 (the "Board") wishes to inform the shareholders of the Company and potential investors that the Group is expected to record a net profit for the six months ended 30 June 2017 (the "Reporting Period") as compared to a net loss in the same period of last year. The net profit attributable to shareholders of the Company for the Reporting Period is estimated to be approximately RMB1,850 million. As disclosed in the 2016 interim report of the Company, the net loss attributable to the shareholders of the Company of approximately RMB7,209,176,508.67 with a loss per share of RMB0.71 was recorded for the six months ended 30 June 2016.

During the Reporting Period, the container shipping market mildly recovered, and benefitting from the firmly recovering market and integration synergies, the overall operation conditions of the Company retained positive momentum. Its average freight rates of the container shipping business increased over the same period of last year, its cargo volume increased by 34.72% as compared to the same period of last year, and its profit had sustaintedly grown since the fourth quarter of last year.

The Company has yet to finalize the interim results of the Group for the six months ended 30 June 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 six months ended 30 June 2017 to be disclosed in the interim report of the Company shall prevail over the information contained herein.

Shanghai, the People's Republic of China 6 July 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, Ms. 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