COSCO SHIPPING Development Co., Ltd. (the "Company") is a subsidiary of China COSCO SHIPPING Corporation Limited ("COSCO SHIPPING") specialized in integrated shipping logistics industry financial services, and is one of the core businesses of COSCO SHIPPING. The Company was established in 1997, with head office in Shanghai, the People's Republic of China (the "PRC"), and is listed in both Hong Kong and Shanghai. The registered capital of the Company is RMB13,573 million.

　　Focusing on integrated logistics industry, the Company is dedicated to developing shipping leasing, container leasing and container manufacturing as its core businesses and shipping logistics industry financial services as its auxiliary business, with a view to pursuing industry-finance-investment integrated development underpinned by investment management.

　　The vessel leasing business of the Company focuses on the leasing of various types of vessels, such as container vessels, dry bulk cargo vessels, special ships and LNG vessels, an asset size of nearly RMB40 billion.

The container leasing business provides various types of container leasing, trading, management, used container sales and other services. The container fleet of the Company amounts to a total capacity of over 3.80 million TEU, which is among the top global players in the industry.

　　The container manufacturing business of the Company focuses on the research, development, production and sales of international standard dry containers, reefer containers, special containers and container houses. The designed annual capacity amounts to over 1.40 million TEU, ranking second in the world, with customers covering world-famous liner companies and major container leasing companies. In the meantime, leveraging the worldwide transportation network of COSCO SHIPPING, the Company provides customers with the value-added service of container delivery at ports across the world.

　　The investment management business of the Company will give equal weight to strategic value and financial returns, adhere to the principal business of shipping logistics, aim at integration of industry and finance utilizing investment measures, continuously focus on investment areas, optimize investment portfolios, strengthen asset operation, increase investment gains to smooth out the shipping business cycle. The Company will maintain its investment focus and make full use of capital to attract and integrate high-quality assets, intellectual property and resource exchange based on the application scenarios of shipping, port and logistics industries, explore venture capital, and provide intelligence and capital injection services for the "digitalised, networked and intelligent" development of the shipping logistics industry, in an effort to boost industry upgrading.

　　Adhering to the philosophy of “Excellent and Pragmatic ” and guided by the concept of "Integrity, efficiency, proactiveness and mutual benefit" as its core values, the Company will give full play to the advantages of shipping industry to expand the capital flow value of shipping logistics ecosystem, and strive to become an outstanding industry financial services provider with COSCO SHIPPING characteristics.