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

中 遠 海 運 控 股 股 份 有 限 公 司

COSCO SHIPPING Holdings Co., Ltd.*

(Formerly known as 中國遠洋控股股份有限公司China COSCO Holdings Company Limited*)

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1919) TERMINATION OF CAPITAL INCREASE IN COSCO FINANCE

Reference is made to the circular of the Company dated 31 December 2015 (the "Circular") with regards to the restructuring of COSCO SHIPPING Holdings Co., Ltd. (formally known as China COSCO Holdings Company Limited) (the "Company") and COSCO SHIPPING Development Co., Ltd. (formally known as China Shipping Container Lines Company Limited). Capitalised terms used herein shall have the same meanings as defined in the Circular, unless otherwise defined.

As at the date of this announcement, the Group holds approximately 17.25% interest in COSCO Finance, and COSCO Finance is an associated company of the Company. The Company would like to announce that after negotiations between the parties involved, the proposed capital increase in COSCO Finance (as disclosed on pages 81 and 82 of the Circular), which was part of the CSCL Asset Restructuring, would not proceed.

By Order of the Board

COSCO SHIPPING Holdings Co., Ltd. Guo Huawei

Company Secretary

Shanghai, the People's Republic of China 13 January 2017

As at the date of this announcement, the directors of the Company are Mr. WAN Min2 (Chairman), Mr.

HUANG Xiaowen1 (Vice Chairman), Mr. XU Zunwu1, Mr. MA Jianhua2, Mr. WANG Haimin1, Mr. ZHANG Wei (張為)1, Mr. FENG Boming2, Mr. ZHANG Wei (張煒)2, Mr. CHEN Dong2, Dr. FAN HSU

Lai Tai, Rita3, Mr. KWONG Che Keung, Gordon3, Mr. Peter Guy BOWIE3 and Mr. YANG, Liang Yee Philip3.

1 Executive Director

2 Non-executive Director

3 Independent Non-executive Director

* For identification purpose only.

China COSCO Holdings Company Limited published this content on 14 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 January 2017 09:50:08 UTC.

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