Recently, China Beijing Equity Exchange issued the Award of the Best Property Rights Trading Organization to COSCO SHIPPING Development for its outstanding performance in regulating and organizing transactions and promoting project transactions in 2022.

　　COSCO SHIPPING Development relies on its subsidiary China Shipping Investment Co., Ltd. to provide one-stop and full process services for domestic and foreign customers of the Group in respect of the bidding process for state-owned property rights trading. In recent years, COSCO SHIPPING Development has actively assisted COSCO SHIPPING Specialized Carriers, COSCO SHIPPING Property, China Shipping & Sinopec Suppliers Co., Ltd. and other associate companies to carry out equity transfer, asset revitalization and other property rights trading to help the Group and the associate companies to implement their strategies. At the same time, COSCO SHIPPING Development actively responds to external demands by providing relevant consulting services and bidding agency services. The Company won wide acclaim from customers and partners both inside and outside the Group for its professional, reliable and efficient service capabilities. The cumulative transaction amount of the agency projects reached RMB4 billion.

　　With a focus on integrated logistics industry, the Company is committed to developing shipping leasing, container leasing and container manufacturing business as the core business and shipping logistics industry chain financial services as its auxiliary business, with a view to pursuing industry-finance-investment integrated development underpinned by investment management. In the future, continuously guided by the concept of "Excellence", the Company will fully leverage its advantages in shipping industry chain and deepen integration of industry and finance, as well as in-house synergy to develop into an excellent financial operator in the shipping industry with COSCO SHIPPING's characteristics.

　　China Beijing Equity Exchange is a comprehensive property rights trading organization approved by the Beijing Municipal People's government and a trading organization for state-owned property rights transfer of enterprises, capital increase and share expansion of state-owned enterprises, asset transfer of state-owned enterprises selected by SASAC of the State Council. Founded in February 2004, China Beijing Equity Exchange continued to enhance the two core functions of circulation and financing, and developed into a central market and a leading institution in the national factor markets.