COSCO SHIPPING Development Co., Ltd. Appoints Ip Sing Chi as Member of the Investment Strategy Committee of the Company

COSCO SHIPPING Development Co Ltd is a China-based company mainly engaged in container manufacturing. The Company mainly operates in four segments. Shipping and Related Industry Leasing segment is principally engaged in ship leasing and container leasing. Container Manufacturing segment is mainly engaged in container manufacturing. Financial Investment segment is mainly engaged in the management and operation of the containers it invests in. Its main management contents include warehousing, leasing, scheduling, handover, distribution, inspection and maintenance, and agency sales. Others segment is engaged in sale and leaseback. The Company mainly operates in the domestic market.