China COSCO Holdings Company Limited (hereinafter referred to as "China COSCO" or the "Company"), the listed flagship and integrating platform of China Ocean Shipping (Group) Company (the "COSCO Group"), is pleased to announce that the private placing of its A Shares and the acquisition of the major dry bulk carrier subsidiaries of the COSCO Group (the "Acquisition") have been successfully completed.

The Company issued A Shares to finance the acquisition of the entire equity interest in COSCO Bulk Carrier Co., Ltd. ("COSCO Bulk"), Qingdao Ocean Shipping Company ("COSCO Qingdao"), Golden View Investment Ltd. ("Golden View") and Shenzhen Ocean Shipping Co., Ltd. ("COSCO Shenzhen") (collectively the "Target Companies") from the COSCO Group and its subsidiaries.

Following the approval of the China Securities Regulatory Commission(CSRC), China COSCO completed two private placements under the proposed A Shares Issue. Currently, the Company has completed the registration and lock-up procedure for the issue of new A Shares. Upon completion of all transactions, the Company fully owns, directly or indirectly, COSCO Bulk, COSCO Qingdao, Golden View and COSCO Shenzhen respectively. As a result, its shipping value chain is further expanded in terms of both business scope and scale. China COSCO becomes an integrated shipping company, providing a variety of shipping and logistics services to customers around the world, ranging from container shipping, dry bulk shipping, logistics, terminal to container leasing services.

With these acquisitions, China COSCO accomplishes a major step towards its strategic goal of becoming a leading integrated shipping company in the world. Underpinned by the rosy prospects of the global economy and the "China factor", China COSCO as the listed flagship and integrating platform of the COSCO Group will continue to benefit from the rapid growth of the China market, further strengthening its container shipping, dry bulk shipping, logistics, terminal and container leasing businesses. The Company will continue to grow and strive to create greater returns for its shareholders and greater value for society.