COSCO SHIPPING Development Co., Ltd.* (hereinafter referred to as “COSCO SHIPPING Development”, stock code: 601866.SH/02866.HK) held the 2023 annual general meeting as well as the 2024 first A Share Class Meeting and the 2024 first H Share Class Meeting at the Ocean Hotel in Shanghai on the afternoon of 28 June.

The meetings considered and overwhelmingly approved 12 resolutions including the report of the Board, the report of the Supervisory Committee, the 2023 profit distribution of the Company, the granting of general mandate to the Board to repurchase A/H Share as well as amendments to the Articles of Association and relevant corporate governance systems.  

On behalf of the Board, Mr. Zhang Mingwen, the chairman of the Company, expressed his sincere gratitude to all the shareholders for their continued support to the Company’s development. The Company’s management and investors had an in-depth communication on the outlook of the container market, the Company’s operating highlights, initiatives for higher shareholder returns, market capitalization management, etc. The Company’s management said they attached high importance to the reasonable returns for investors and will strive to create long-term and sustainable value for investors. The Company will distribute a final dividend of RMB 0.32 per 10 shares for 2023 to share the development fruits with the shareholders. The attending shareholder representatives fully recognized the Company’s operating efforts and expressed their confidence in the Company’s future long-term development.

The Company will continue to focus on the industry-finance collaboration, ride on the dual drivers of digital intelligent empowerment and green development to accelerate improving the core competitiveness, accelerate the development of new quality productivity, continuously enhance value-creating capabilities, keep a right direction of the Company’s development for the new stage, strive to present a landscape of high-quality development, and deliver higher returns to the investors with refined corporate governance, sound and innovative development and sustainable value creation.