COSCO SHIPPING Development Co., Ltd. (stock code: 601866.SH/02866.HK) is a shipping industry platform for industrial and financial operations under China COSCO SHIPPING Corporation Limited. The Company was founded in 1997 and is headquartered in Shanghai. Focusing on shipping logistics services, the Company develops its main business centeredaround its core expertise in container manufacturing, shipping leasing andcontainer leasing to achieve integrated development of industry, finance and investment underpinned by investment management.

Business Segments

Container Manufacturing Business

The Company researches, develops, produces, and sells international-standard dry containers, reefer containers and special containers. The Company is ranked as the world’ssecond-largest container manufacturer and serves customers from world-renowned liner companies and major container leasing companies. The Company continues to take customer demands as the orientation, optimize resource allocation and product mix, and enhance its “container+” customization capabilities. The Company continues to further advanceits intelligent manufacturing, leverage technological innovation and green andlow-carbon transformation to strengthen its product competitiveness to build a world-leading logistics equipment technology enterprise.

Shipping Leasing Business

The Company is mainly engaged in the operating lease and financial lease of various vessel types, including container ships, dry bulk vessels, special vessels and oil tankers, ranking among the domestic market leaders in the ship leasing sector. The Company seizes the opportunities presented by the green and low-carbon transformation of the shipping industry, optimizes the allocation of internal and external resources, gives full play to the collaborative advantages of the industrial chain, and strengthens industry-finance integration. The Company focuses on the service needs at various stages of the full lifecycle of various types of vessels and other shipping assets, innovates products and services, enhances customized service capabilities, and delivers high-quality solutions for fleet development in the shipping sector.

Container Leasing Business

The Company is mainly engaged in container leasing, management and sales, ranking third in the world in terms of scale with a global presence.The Company deeply explores customer needs, enhances full life cycle asset operation capabilities for containers, and enhances professional service capabilities. The Company focuses on digital empowerment,continuously optimizes the global layout of the operating network, actively responds to customer needs, improves customer experience, and continuously deepens customer value creation.

Investment Management Business

Focusing on the core business of shipping logistics, the Company strengthens the integration of industry and finance, continuously optimizes the investment portfolio, and strives to achieve the coordinated development of capital and industry.Meanwhile, the Company seizes opportunities in the development of the shipping industry, concentrates on strategic emerging sectors, and, in line with its business development, continuously explores innovative investment and new models of logistics asset operation.

Corporate Culture

Guided by the philosophy of “Excellence” and the core values of “Integrity, Efficiency, Proactiveness and Mutual Benefit”, the Company leverages the unique advantages of the shipping industry to increase the value of capital flowswithin the shipping logistics ecosystem, to establish itself as a world-classshipping industry financial services provider with COSCO SHIPPING characteristics.