COSCO SHIPPING : PROPOSED RE-ELECTION AND ELECTION OF DIRECTORS AND SUPERVISORS FOR FOR...

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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)

In accordance with the Articles of Association, the Board is pleased to announce the nomination for re-election or election of:

1. Mr. Wan Min as non-executive director candidate of the fifth session of the Board and the recommendation as chairman candidate of the fifth session of the Board;

2. Mr. Huang Xiaowen as executive director candidate of the fifth session of the Board and the recommendation as vice chairman candidate of the fifth session of the Board;

3. Mr. Xu Zunwu, Mr. Wang Haimin and Mr. Zhang Wei as executive director candidates of the fifth session of the Board;

4. Mr. Ma Jianhua, Mr. Feng Boming, Mr. Zhang Wei and Mr. Chen Dong as non-executive director candidates of the fifth session of the Board;

5. Mr. Yang, Liang Yee Philip as independent non-executive director candidate of the fifth session of the Board;

6. Mr. Wu Dawei, Mr. Zhou Zhonghui and Mr. Teo Siong Seng as independent non-executive director candidates of the fifth session of the Board;

7. Mr. Fu Xiangyang and Mr. Hao Wenyi as candidates of Supervisors representing the Shareholders; and

8. Mr. Meng Yan and Mr. Zhang Jianping as candidates of independent Supervisors.

The Board further announces that:

1. Dr. Fan Hsu Lai Tai, Rita, Mr. Kwong Che Keung, Gordon and Mr. Peter Guy Bowie will not offer themselves for re-election as independent non-executive Directors at the AGM; and

2. Nomination by the committee of employee representatives of Mr. Qian Weizhong and Mr. Fang Meng as employee Supervisors has been submitted to the general meeting of employee representatives for approval, which is not subject to election by Shareholders at the AGM according to relevant provisions.

According to article 108 of the Articles of Association, the term of office of each of the Directors is three years, and upon expiry of such term, the Directors being eligible, may offer themselves for re-election. However, pursuant to the relevant requirements of the Articles of Association, the China Securities Regulatory Commission and the Shanghai Stock Exchange, the term of appointment of independent non-executive Directors shall be subject to a maximum of six years.

The term of the Directors shall expire on the forthcoming AGM and all incumbent Directors shall retire from offices. All the Directors, except Dr. Fan Hsu Lai Tai, Rita, Mr. Kwong Che Keung, Gordon and Mr. Peter Guy Bowie who have served as independent non-executive Directors for approximately six years, shall be eligible for re-election at the forthcoming AGM.

In accordance with the Articles of Association, the Board is pleased to announce the nomination for re-election of:

1. Mr. Wan Min as non-executive director candidate of the fifth session of the Board and the recommendation as chairman candidate of the fifth session of the Board;

2. Mr. Huang Xiaowen as executive director candidate of the fifth session of the Board and the recommendation as vice chairman candidate of the fifth session of the Board;

3. Mr. Xu Zunwu, Mr. Wang Haimin and Mr. Zhang Wei as executive director candidates of the fifth session of the Board;

4. Mr. Ma Jianhua, Mr. Feng Boming, Mr. Zhang Wei and Mr. Chen Dong as non-executive director candidates of the fifth session of the Board; and

5. Mr. Yang, Liang Yee Philip as independent non-executive director candidate of the fifth session of the Board.

In light of the abovementioned six-year restriction, Dr. Fan Hsu Lai Tai, Rita, Mr. Kwong Che Keung, Gordon and Mr. Peter Guy Bowie will not offer themselves for re-election as independent non-executive Directors.

The Board would like to take this opportunity to express its sincere gratitude to each of Dr. Fan Hsu Lai Tai, Rita, Mr. Kwong Che Keung, Gordon and Mr. Peter Guy Bowie for their significant contribution towards the Company in the past. Each of Dr. Fan Hsu Lai Tai, Rita, Mr. Kwong Che Keung, Gordon and Mr. Peter Guy Bowie confirmed that they have no disagreement with the Board and the Company and there is no other matter in relation to their retirement that needs to be brought to the attention of the Shareholders.

The Board is pleased to announce the nomination for election of Mr. Wu Dawei, Mr. Zhou Zhonghui and Mr. Teo Siong Seng as independent non-executive directors of the fifth session of the Board, and their respective appointment will be effective upon Shareholders' approval at the AGM.

The biographical details of each of the proposed independent non-executive Directors are as follows:

Mr. Wu Dawei, aged 63, previously studied at China Europe International Business School and Cheung Kong Graduate School of Business and has received EMBA degree. He is also a researcher-level senior engineer. Mr. Wu previously served as the deputy head and then the head of Huaneng Shanghai Shidongkou No. 2 power plant (華能上海石洞口第二電廠 ), the deputy general manager of Huaneng International Power Development Company (Shanghai Branch) (華能國際電力開發公司上海分公 司) (person in charge), the deputy general manager, a party member and director of Huaneng Power International Co., Ltd. (華能國際電力股份有限公司) (a company listed on the Shanghai Stock Exchange (stock code: 600011)), and the chairman of Huaneng Weihai power plant (威海電廠 ), Xindian power plant (辛店電廠 ), Rizhao power plant (日照電廠 ) and Xinhua power plant (新華電廠 ). He was also the party

secretary and a director of Shanghai Times Shipping Company Limited (上海時代航運有限公司), the deputy chief engineer of China Huaneng Group and the general manager and party secretary of China Huaneng Group (East China Branch), the general manager and deputy party secretary (responsible for leading the work of party group) of Huaneng International Power Development Company, the chief economist of China Huaneng Group, the chairman of Huangneng Shanghai Gas Turbine Power Generation Co., Ltd. and the director of Huaneng International Power Development Company. Mr. Wu has more than 20 years' experience in corporate management and extensive experience in corporate governance of listed companies. Mr. Wu currently serves as an independent director of Zhejiang Jinlihua Electric Co., Ltd. (浙江金利華電氣股份有限公司) (a company listed on the ChiNext of the Shenzhen Stock Exchange (stock code: 300069)) and has obtained an independent director qualification certificate issued by the Shanghai Stock Exchange in February 2013.

Mr. Zhou Zhonghui, aged 69, has a doctorate degree, is a party member of the Communist Party of China and a certified public accountant. He previously worked at Shanghai University of Finance and Economics, School of Accountancy as a lecturer, associate professor and professor. He also served as a visiting researcher of International Centre for Research in Accounting of Lancaster University, United

Kingdom, and served as the chief financial officer of Hongkong Xinlong Co., Limited (香港鑫隆有限公司), the general manager, chief accountant and senior partner of PricewaterhouseCoopers Zhong Tian CPAs Limited Company (普華永道中天會計師事務所), the chief accountant of China Securities Regulatory Commission, a member of the International Advisory Committee of China Securities Regulatory Commission and a member of the Auditing Standards Committee of the Chinese Institute of Certified Public Accountants. Mr. Zhou Zhonghui has been serving as an independent director of Juneyao Airlines Co., Ltd. (上海吉祥航空股份 有限公司) (a company listed on the Shanghai Stock Exchange (stock code: 603885)) since June 2011. Mr. Zhou Zhonghui concurrently serves as an independent non-executive director of China Pacific Insurance (Group) Co., Ltd. (中國太平洋保 險(集團)股份有限公司) (a company listed on the Shanghai Stock Exchange (stock code: 601601) and the Stock Exchange (stock code: 02601)), an independent non-executive director of Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd. (上海復旦張江生物醫藥股份有限公司) (a company listed on the Stock Exchange (stock code: 01349)), an independent non-executive director of S.F. Holding Co., Ltd. (順豐控股股份有限公司) (a company listed on the Shenzhen Stock Exchange (stock code: 002352)) and a member of the Advisory Committee of the China Appraisal Society. Mr. Zhou Zhonghui has served as an external supervisor of