In the afternoon of June 28, COSCO SHIPPING Development Co., Ltd. ("COSCO SHIPPING Development", stock code: 601866.SH/02866.HK) held the 2022 Annual General Meeting and the 2023 First A Shareholders Class Meeting and the 2023 First H Shareholders' Class Meeting.

　　Mr. Liu Chong, chairman of COSCO SHIPPING Development, attended and chaired the meeting. Mr. Zhang Mingwen (managing director), Ms. Zhu Mei (supervisor), Mr. Lin Feng (chief accountant), and Mr. Cai Lei (Board secretary), attended the meeting in person. The non-executive directors, independent non-executive directors and supervisors of the Company attended the meeting via telephone conference.

　　The meeting considered 9 proposals, including the Proposal regarding the Company's Financial Report for 2022, Proposal regarding the Company's Profit Distribution for 2022 and the Resolution on the Grant of General Mandate to the Board of the Company to Repurchase H Shares, all of which were supported and approved by shareholders with high votes.

　　The management of the Company would like to express its sincere gratitude to the shareholders for their long-term care and support, and would fully attach great importance to reasonable returns for investors and strive to create long-term sustainable value for investors. The Company will distribute a final dividend of RMB0.87 per 10 shares for 2022 to share the development results with shareholders.

　　Promoting high-quality sustainable development

　　Since 2023, the shipping market has shown cyclical fluctuations, with both challenges and opportunities co-existing. COSCO SHIPPING Development further focuses on the shipping industry chain, expands the field of industry and finance by improving service capabilities, enhances operation efficiency by promoting digital and intelligent transformation, promotes green and low-carbon development through ship electrification, and continuously improves the quality of the listed company.

　　In the future, by adhering to the philosophy of high-quality and sustainable development, the Company will continue commitment to improve the level of corporate governance, enhance the ability to create value, promote the further upgrade of industry and finance services, and try to provide investors with more stable and higher quality returns.

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Cosco Shipping Development Co. Ltd. published this content on 28 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 July 2023 07:14:02 UTC.