Mr. Sun Jiakang appointed as the Chairman of COSCO International's Board of Directors

The board of directors (the "Board") of COSCO International Holdings Limited ("COSCO International" or the "Company") announced that Mr. Sun Jiakang, executive vice president of China Ocean Shipping (Group) Company, had been appointed as executive director and chairman of the Board of the Company. On the same day, Mr. Ye Weilong had resigned from his position as executive director and chairman due to other job arrangement, with the effective date on 23rd September 2013.

The Board would like to take this opportunity to extend its sincere appreciation to Mr. Ye Weilong for his valuable contributions to the Company during his service and welcome Mr. Sun Jiakang to join the Board.

Mr. Sun Jiakang, aged 53, is now executive vice president, secretary to the board of directors and chief legal consultant of China Ocean Shipping (Group) Company. He is also executive director of China COSCO Holdings Company Limited, and chairman of the board of directors of COSCO Europe GmbH, COSCO Americas, Inc. and COSCO Oceania Pty Limited. Mr. Sun has joined COSCO Group for over 30 years, and has extensive experience in the shipping industry and business administration, with excellent managerial skills. He used to serve several key senior management positions in COSCO Group's companies, including the vice chairman, managing director and executive director of COSCO Pacific Limited, the deputy general manager of China COSCO Holdings Company Limited, and the managing director of COSCO Container Lines Co., Ltd, etc. Mr. Sun is a senior engineer, and has obtained a doctor of Philosophy (PhD) degree in Management from Preston University in the United States and a master's degree in Transportation Planning and Management from Dalian Maritime University. At present, Mr. Sun beneficially owns share options granted by the Company to subscribe for 800,000 shares of the Company at exercise price of HK$1.37 each.

In future, COSCO International, under the leadership of Chairman Sun Jiakang, will continue to implement the established development strategy to maximize returns for all shareholders.

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Note:
1. For details of the biographies of Mr. Sun Jiakang, please visit the "Board of Directors and Senior Management" of the Company's website: http://www.coscointl.com/en_cg_bd01.asp

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