On the afternoon of June 26, COSCO SHIPPING Development Co., Ltd. (referred to as "COSCO SHIPPING Development", stock code: 601866.SH/02866.HK) held the 2024 Annual General Meeting of Shareholders, together with the 2025 First A-share Meeting and the 2025 First H-share Meeting, through an on-site meeting.

The meeting reviewed and approved by an overwhelming majority 11 proposals, including the Company's 2024 Board of Directors Report, the proposal on the Company's 2024 final profit distribution and the authorization of the Board of Directors to determine the specific plan for the 2025 interim profit distribution, and the proposal on granting the Company's Board of Directors a general mandate to repurchase A-shares/H-shares.

The company's management expressed sincere gratitude to all shareholders for their long-term support and trust in the company, and conducted in-depth exchanges with investors on topics such as the prospects of the container market, the company's operational highlights, shareholder return initiatives, and market value management. The management stated that it attaches great importance to providing reasonable returns to investors and is committed to creating long-term and sustainable value for investors on the basis of accumulating momentum for long-term and steady growth. In 2024, the company distributed a total dividend of RMB0.38 per 10 shares, with the total cash dividend (including the amount of A-share repurchases during the reporting period) reaching RMB619 million, accounting for 36.7% of the net profit attributable to shareholders of the listed company. The participating shareholder representatives highly recognized the company's measures and achievements in improving quality and efficiency in recent years, and expressed full confidence in the company's future development prospects.