COSCO SHIPPING Holdings Co., Ltd., announced on 23 May 2024 that the third option under its Stock Option Incentive Scheme Reserve Grant Option has been subject to exercise and will be open for exercise from 29 May 2024 to 28 May 2027. The option involves 6,552,563 share options priced at US$1 per share and 35 inductees, including directors and senior management. The incentive program is designed to reward and motivate the company's core management team and key employees to promote consistency in the long-term development of the company with shareholders' interests. The Company's Board of Directors and Supervisory Board have reviewed the relevant matters and issued a legal submission by the Beijing Tongsheng Law Firm confirming that the enforcement conditions have been achieved. This exercise will not have a significant impact on the financial condition and operating results of the Company.

COSCO SHIPPING Holdings Co., Ltd., announced on 23 May 2024 that the third option under its Stock Option Incentive Scheme Reserve Grant Option has been subject to exercise and will be open for exercise from 29 May 2024 to 28 May 2027. The option involves 6,552,563 share options priced at US$1 per share and 35 inductees, including directors and senior management. The incentive program is designed to reward and motivate the company's core management team and key employees to promote consistency in the long-term development of the company with shareholders' interests. The Company's Board of Directors and Supervisory Board have reviewed the relevant matters and issued a legal submission by the Beijing Tongsheng Law Firm confirming that the enforcement conditions have been achieved. This exercise will not have a significant impact on the financial condition and operating results of the Company.