The second “COSCO SHIPPING Capital Markets Day”held in Shanghai in June 24. The management teams of COSCO SHIPPING Holdings, COSCO SHIPPING Energy, COSCO SHIPPING Development, COSCO SHIPPING Specialized, COSCO SHIPPING Technology, Hainan Strait Shipping, COSCO SHIPPING Ports, COSCO SHIPPING International (Hong Kong), and Orient Overseas (International) — nine A-share and Hong Kong-listed companies under the China COSCO SHIPPING — engaged in in-depth exchanges and communications with nearly 100 institutional investors, including research analysts, fund managers, investment heads from various types of investment firms, as well as analysts from major domestic and international securities firms and strategic investors of the listed companies. The event featured one large-scale group presentation and 45 smaller, targeted sessions.

This event represents one of the China COSCO SHIPPING's significant initiatives to thoroughly implement the requirements of the State-owned Assets Supervision and Administration Commission (SASAC) and securities regulatory authorities regarding the improvement of listed companies' quality and the strengthening of market value management. By proactively enhancing investor relations management, the China COSCO SHIPPING aims to further increase market recognition and value realization of its listed entities, thereby promoting their high-quality development.

At the group presentation, the head of the China COSCO SHIPPING's Public Relations Department introduced the Group's latest developments and its efforts to strengthen market value management of its listed companies.

The board secretaries and investor relations teams of the nine listed companies presented their corporate development strategies, operational performance, and the latest industry trends to investors. During the small-group interactive sessions, they patiently and thoroughly addressed questions raised by investors.

The China COSCO SHIPPING attaches great importance to the market value management of its listed companies. Through proactive measures including substantial dividend distributions, major shareholder increases, share buybacks by listed entities, and intensified investor relations efforts, the China COSCO SHIPPING has effectively enhanced the market performance of its controlled listed companies. During the full year of 2024 and the first half of 2025, the China COSCO SHIPPING's 11 controlled listed companies implemented cash dividends totaling RMB21.8 billion and RMB25.7 billion respectively. In October 2024 and April 2025, the China COSCO SHIPPING's controlled listed companies collectively announced two rounds of share repurchase/increase plans. The total amount of implemented repurchases/increases has reached approximately RMB7.3 billion, sending positive signals to the market.

COSCO SHIPPING Development: Selected Investor Q&A

【Question】As the company's two core businesses, how do container manufacturing and container leasing create synergies to enhance overall operational efficiency?

COSCO SHIPPING Development's Response: Both our container manufacturing and leasing operations rank among the industry leaders, each with distinct competitive advantages. Leveraging our deep integration across the shipping industry value chain, we achieve highly efficient coordination between leasing and manufacturing in areas such as market expansion, customer service, information connectivity, and technology-driven innovation. This creates a unique synergy between our leasing and manufacturing operations.

We have innovatively broken down the traditional boundaries between container leasing and manufacturing, pioneering a distinctive "lease-to-manufacture flexible switching” business model. Through digital connectivity and enhanced customer profiling, we have established an integrated service platform that seamlessly links leasing and manufacturing. This strengthens our marketing capabilities and service offerings, providing customers with one-stop solutions, significantly enhancing customer loyalty, and boosting the market competitiveness of our container leasing and manufacturing businesses.

Meanwhile, we continuously advance technological innovation, further strengthening the market application of innovative products through synergies between leasing and manufacturing, and enhancing our customized service capabilities. We are also intensifying our digital transformation efforts, building an integrated digital ecosystem that connects leasing and manufacturing. Through deep integration of digital scenarios, we empower overall efficiency improvements across both businesses.

Additionally, our strategic positioning in container manufacturing, combined with our capabilities in customized product development, provides strong support for the steady expansion of our leasing business and the effective development of specialized container segments. Our container leasing and manufacturing operations actively leverage resource sharing and synergistic advantages, continuously unlocking the value of lease-manufacture coordination under varying market conditions and at different stages of development.

【Question】How does the company understand market value management, and what measures has it taken in terms of dividends and share repurchases?

COSCO SHIPPING Development's Response: As a listed company controlled by a central state-owned enterprise, we adhere to a value-creation-oriented philosophy of market value management. While maintaining sustainable development capabilities, we are committed to sharing the long-term growth benefits of the company with our shareholders. On the basis of building long-term, steady growth momentum, we strive to create greater value for our shareholders.

The company has established a comprehensive market value management system and carries out related work in a standardized and orderly manner. Respecting market principles, we have implemented a series of measures, including strengthening endogenous growth, conducting effective capital operations, practicing ESG governance, ensuring stable dividend returns, and maintaining efficient communication with investors. In terms of dividend distribution, the company has paid cash dividends for seven consecutive years. Since 2018, the annual cash dividend has accounted for over 30% of the net profit attributable to shareholders of the listed company. In 2024, we further optimized the dividend distribution method and timing by introducing an interim dividend for the first time. The total dividend for the year is RMB 0.38 per 10 shares. Regarding share repurchases, the company has successfully completed its first round of share repurchases and canceled the repurchased shares. In total, approximately 219 million A-share and H-share were repurchased, with a cumulative amount of about RMB 323 million. Subsequently, the company launched a second round of repurchases. As of June 20, a total of approximately 126 million shares have been repurchased, with a cumulative amount of about RMB 180 million.

Moving forward, the company will continue to prioritize safeguarding shareholders' interests, actively explore and study the “toolkit" of market value management, further optimize the information exchange mechanism with the capital market, effectively communicate the company's value, and promote the alignment of market value with intrinsic value, jointly creating a new landscape for value realization.