Chu Kong Shipping Enterprises : Circulars - RE-ELECTION OF DIRECTORS, DECLARATION OF FINAL DIVIDEND AND GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any aspect of this circular or as to the action you should take, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your shares in Chu Kong Shipping Enterprises (Group) Company Limited, you should at once hand this circular and the accompanying proxy form to the purchaser or the transferee, or the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss however arising from or in reliance upon the whole or any part of the contents of this circular.

Chu Kong Shipping Enterprises (Group) Co., Ltd.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00560)

RE-ELECTION OF DIRECTORS, DECLARATION OF FINAL DIVIDEND,

GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES

AND

NOTICE OF ANNUAL GENERAL MEETING

A notice convening the annual general meeting of Chu Kong Shipping Enterprises (Group) Company Limited to be held at United Conference Centre, 10/F., United Centre, 95 Queensway, Admiralty, Hong Kong on Tuesday, 31st May 2022 at 11:00 a.m. (Hong Kong time) is set out on pages 15 to 18 of this circular.

Whether or not you are able to attend the annual general meeting, you are requested to complete the enclosed proxy form in accordance with the instructions printed thereon and return it to the Company's share registrar, Tricor Tengis Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong as soon as possible, and in any event not less than 48 hours before the time appointed for the annual general meeting (i.e. before 29th May 2022 (Sunday), 11:00 a.m. (Hong Kong time)) or any adjournment thereof (as the case may be). Submission of a proxy form shall not preclude you from attending the annual general meeting or any adjournment of such meeting and voting in person should you so wish and in such event, the proxy form will be deemed to be revoked.

PRECAUTIONARY MEASURES FOR THE AGM

To protect the attending Shareholders, staff and stakeholders from the risk of infection of novel coronavirus ("COVID-19"), the Company will implement certain precautionary measures at the AGM against the pandemic. Please refer to the section "Precautionary Measures for the AGM".

12th April 2022

APPENDIX II

CONTENTS
Page
PRECAUTIONARY MEASURES FOR THE AGM ..............................	1
DEFINITIONS ..........................................................	2
LETTER FROM THE BOARD .............................................	4
APPENDIX I - DETAILS OF THE DIRECTORS TO BE RE-ELECTED AT THE
ANNUAL GENERAL MEETING .........................	9
12
15

-

EXPLANATORY STATEMENT ON THE REPURCHASE

MANDATE . .........................................

NOTICE OF ANNUAL GENERAL MEETING .................................

−i−

PRECAUTIONARY MEASURES FOR THE AGM

In view of the ongoing COVID-19 pandemic, the Company will implement the following precautionary measures at the AGM to protect attending Shareholders, staff and stakeholders from the risk of infection:

• (a) compulsory body temperature screening/checks will be conducted for each attendee at each entrance of the AGM venue. Any attendee with a body temperature of over 37.4 degrees Celsius may be denied entry into the AGM venue or be required to leave the AGM venue;

• (b) each attendee must wear a surgical face mask throughout the AGM and inside the AGM venue;

• (c) distance between seats will be arranged in the AGM venue to ensure proper social distancing and each attendee will be assigned to a designated seating area; and

• (d) no refreshment will be served, and no corporate gift will be distributed.

To the extent permitted under law, the Company reserves the right to deny entry into the AGM venue or require any person to leave the AGM venue in order to ensure the safety of the attendees at the AGM.

In the interest of all stakeholders' health and safety and consistent with the latest COVID-19 guidelines for prevention and control, the Company reminds all Shareholders that physical attendance in person at the AGM is not necessary for the purpose of exercising voting rights. As an alternative, by using proxy forms with voting instructions inserted, Shareholders may appoint the chairman of the AGM as their proxy to vote on the relevant resolutions at the AGM instead of attending the AGM in person.

The proxy form is attached to this circular for Shareholders who opt to receive physical circulars. Alternatively, the proxy form can be downloaded from the Company's website atwww.cksd.com. If you are not a registered Shareholder (if your shares are held via banks, brokers, custodians or the Hong Kong Securities Clearing Company Limited), you should consult directly with your banks or brokers or custodians (as the case may be) to assist you in the appointment of proxy.

If Shareholders have any questions relating to the AGM, please contact Tricor Tengis Limited, the Company's share registrar as follows:

Tricor Tengis Limited

Level 54, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong. Email:[e-mail]

Tel: [phone]

Subject to the development of the COVID-19, the Company may implement further changes and precautionary measures in relation to the AGM arrangements at short notice to comply with the requirements of the Hong Kong government. Shareholders are reminded to check the websites of the Company atwww.cksd.comand the Hong Kong Exchanges and Clearing Limited atwww.hkexnews.hkfor further announcements and updates on the AGM arrangements. For the avoidance of doubt, the Company reserves the right to change the conditions in relation to the AGM in the event of changes in government regulations and non-adherence to any government regulations and/or precautionary measures in relation to the AGM arrangements by attendees at the AGM.

DEFINITIONS

In this circular, unless the context otherwise requires, the following expressions shall have the following meanings:

"AGM"	the annual general meeting of the Company to be held at
United Conference Centre, 10/F., United Centre, 95
Queensway, Admiralty, Hong Kong, on Tuesday, 31st May
2022 at 11:00 a.m. (Hong Kong time) or any adjourned
meeting thereof
"AGM Notice"	the notice convening the AGM set out on pages 15 to 18 of
this circular
"Articles of Association"	the articles of association of the Company
"Board"	the board of Directors of the Company
"Close Associate(s)"	has the meaning as defined in the Listing Rules
"CKSE"	Chu Kong Shipping Enterprises (Holdings) Company
Limited, a company incorporated in Hong Kong with limited
liability, the controlling Shareholder and a wholly-owned
subsidiary of GDPS
"Companies Ordinance"	Companies Ordinance, Chapter 622 of the Laws of Hong
Kong
"Company"	Chu Kong Shipping Enterprises (Group) Company Limited, a
company incorporated in Hong Kong with limited liability,
the shares of which are listed on the Stock Exchange
"Core Connected Person(s)"	has the meaning as defined in the Listing Rules
"Director(s)"	director(s) of the Company
"Extension Mandate"	as defined in paragraph 5 of the "Letter from the Board"
contained in this circular
"GDPS"	ᄿ؇޲ಥঘණྠϞࠢʮ̡ (Guangdong Provincial Port &
Shipping Group Company Limited*), formerly known as
ᄿ؇޲ ঘ༶ණྠϞࠢʮ̡(Guangdong Province Navigation
Group Company Limited*), a state-owned enterprise
established under the laws of the PRC and the ultimate
controlling shareholder of the Company
"Group"	the Company and its subsidiaries
"HK$"	Hong Kong dollars, the lawful currency of Hong Kong
−2−

DEFINITIONS
"Hong Kong"	the Hong Kong Special Administrative Region of the People's
Republic of China
"Issue Mandate"	as defined in paragraph 5 of the "Letter from the Board"
contained in this circular
"Latest Practicable Date"	4th April 2022 being the latest practicable date prior to the
printing of this circular for ascertaining certain information
in this circular
"Listing Rules"	the Rules Governing the Listing of Securities on the Stock
Exchange
"Repurchase Mandate"	as defined in paragraph 5 of the "Letter from the Board"
contained in this circular
"SFO"	the Securities and Futures Ordinance, Chapter 571 of the
Laws of Hong Kong
"Share(s)"	ordinary share(s) of the Company
"Shareholder(s)"	holder(s) of the Shares
"Stock Exchange"	The Stock Exchange of Hong Kong Limited
"Takeovers Code"	the Code on Takeovers and Mergers
"%"	percent