COSCO SHIPPING : PROPOSED ELECTION OF DIRECTOR

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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 (the "Board") of directors (the "Directors") of COSCO SHIPPING Holdings Co., Ltd.*(the "Company") is pleased to announce that Mr. Kenneth C.K. Koo has been proposed by the Board to be appointed as an independent non-executive Director. According to the articles of association of the Company, the appointment of Mr. Kenneth C.K. Koo is subject to the approval of the shareholders of the Company (the "Shareholders") at a general meeting. An ordinary resolution in relation to the appointment of Mr. Kenneth C.K. Koo will be proposed at the annual general meeting of the Company to be held on 25 May 2017 (the "AGM"). The notice of the AGM, together with the form of proxy, containing such ordinary resolution will be despatched to the Shareholders on or before 10 April 2017.

The biographical details of Mr. Kenneth C.K. Koo are as follows:

Mr. Kenneth C.K. Koo, aged 57, graduated from the University of San Diego in 1983 and joined TCC Group. He currently serves as the chairman and chief executive officer of TCC Group (泰昌祥集團). Throughout his 30-plus years' career in the shipping industry, Mr. Kenneth C.K. Koo has focused much of his efforts in establishing a strong and reputable fleet management for TCC Group. Mr. Koo is a member of the Zhejiang Provincial Committee of the Chinese People's Political Consultative Conference, and also the chairman of Asian Panel of International Association of Independent Tanker Owners (Intertanko), executive committee member of The Britannia Steam Ship Insurance Association Limited, technical committee member of American Bureau of Shipping and Bureau Veritas, honorary chairman of Hong Kong Maritime Industry Council, and holds various other positions

in the community. He was a council member of International Shipping Federation, chairman of the resources sub-committee of Hong Kong Shipowners Association, executive member of American Bureau of Shipping and chairman of Hong Kong Shipowners Association, and held various other positions in the community. Mr. Kenneth C.K. Koo has extensive experience in corporate governance, fleet management and technological innovation and crew management.

Shanghai, the People's Republic of China 5 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