On 16 April 2021, the ninth session of the board of directors of the China International Marine Containers (Group) Co. Ltd. (SZSE:000039) (the "Board") convened the tenth meeting in 2021, to consider and approve The Resolution in Relation to the Proposed Listing of CIMC-TianDa Holdings Company Limited, and to agree with the proposed domestic initial public offering of RMB ordinary shares (A shares) of CIMC-TianDa Holdings Company Limited ("CIMC- TianDa") and the listing of CIMC-TianDa on the Shenzhen Stock Exchange; and to authorise the management of the Company and CIMC-TianDa to start the preparatory work for CIMC-TianDa's listing ("Proposed Spin-off and Listing"). The Proposed Spin-off and Listing will not cause to the loss of control of the Company in CIMC- TianDa, and will not materially affect the continuous operations of other business segments of the Company, and will not jeopardize the Company's independent listing status and continuous profitability.