January 9, 2025

COSCO SHIPPING Development Successfully Issues

The First Issue of Science, Technology and Innovation Low Carbon Transformation Corporate Bonds 2025

The issue isthe first low-carbon transformation corporate bond for a shipping company

Total bond issue size of CNY1 billion

Maturity: 15 years

Coupon rate of 2.18%

Full subscription multiple reached 3.92 times

The bond issue was well subscribed by the market

The coupon rate of the bonds set a record low for 15-year bonds in the capital market

Reflecting the full recognition of the market and investors to the company

This bond has been certified by Lianhe Equator, a green assessment organization, on the pre-issuance independent assessment of low-carbon transformation special bonds, and has been approved by the Shanghai Stock Exchange for the two special corporate bond varieties of scientific and technological innovation and low-carbon transformation, which is the first low-carbon transformation corporate bond for shipping enterprises,and is a full recognition of the environmental benefits of the company's use of the proceeds for energy-saving and environmentally friendly ship investment, and for the realization of significant energy saving and carbon reduction.

The successful issuance of this special bond in the protection of the company's major ship investment project capital needs at the same time, to achieve investment and financing term matching, to further optimize the company's financing costs. It is the company's focus on the main responsibilities of the main business, focus on accelerating the green and low-carbon transformation and science and technology, digital and intellectual empowerment. And it will continue to promote the high-quality sustainable development of the embodiment of the full force of the company.