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Establishment of a strong foothold by empowering the new voyage and acceleration of the development of “low-carbon” path in the future Debut of cosco shipping development at the 2024 exposition on china brand

Time: 2024-05-11

2024 Exposition on China Indigenous Brand (hereinafter referred to as the “Brand Expo”) was held at the Shanghai World Expo Exhibition & Convention Center from 10 May to 14 May 2024. The Brand Expo is held on the subject of "Building the Future with Chinese Fashion Brands", focusing on themes such as innovation, coordination, green, openness and sharing, which showcases the brand power of major domestic enterprises in recent years in terms of stabilizing economic development, driving technological innovation, serving people's livelihood security, and promoting Chinese manufacturing to the world. During which, ancillary activities such as the China Brand Development International Forum will also be held.

COSCO SHIPPING Group demonstrated its latest practices and achievements related to green and low-carbon, digital intelligence and ESG through various forms such as special decoration and construction, display via convergence media, smart equipment, interactive experience, and salon sharing session.

COSCO SHIPPING Development shared the concept of sustainable development and the effectiveness of corporate governance with the theme of “Establishment of a Strong Foothold by Empowering the New Voyage and Acceleration of the Development towards ‘Low-Carbon’ Path in the Future”. Adhering to the concept of excellence, with integrity, efficiency, progress and win-win as its core values, and persisting in the direction of green, low-carbon, intelligent and technological development, COSCO SHIPPING Development has continued to deeply practice ESG philosophy, improve ESG governance and enhance ESG performance. During the salon sharing session, the Company revealed its ESG concept, governance practices and effectiveness of information disclosure from different dimensions in terms of governance, environment and society.

As a shipping logistics industry-finance operation platform, the Company promotes green, low-carbon and digital-intelligence transformation around its core business. The 700TEU electric container vessel developed by the Company, as a green development demonstration project in the Yangtze River Economic Belt, was selected as one of the "Top Ten National Key Projects of Central SOEs". The Company strengthened environmental management and expanded the offering of green and low-carbon products in respect of container manufacturing business, boasting that four container factories were successfully awarded as national green factories. The Company independently developed the iFlorens digital platform for container leasing business, thus effectively empowering the improvement of management efficiency and the synergy of the industrial chains, which won the second prize in the “Professional Competition on Innovation in Digital Scenarios of SOEs” hosted by the State-owned Assets Supervision and Administration Commission. As a state-owned A+H-share company, the Company has reinforced its compliance governance, attached great importance with the interests of stakeholders, fulfilled the responsibility of public welfare and poverty alleviation, adhered to the customer strategy oriented with market demand, established a people-centered system featuring “compassion and safety”, and focused on protection of investors ‘rights and interest. Thanks to its continuous efforts in the ESG field, the Company has received a number of external recognitions.

Looking forward, we always believe that the destiny of mankind is shared and that enterprises can influence the world through responsible behavior. COSCO SHIPPING Development will be always anchored in excellence, firmly fulfill its social responsibility, and continue to work with partners to promote industrial prosperity, eco-friendliness and social harmony with more extensive sustainable development strategies, management and practice, thereby jointly marching towards a new future in virtue of win-win cooperation, co-creation of value and development sharing.

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