Trading in the shares of Cosco to continue to be suspended

After making enquiries with its parent company, China Ocean Shipping (Group) Company,  Cosco understands that the proposed significant transaction is still under intensified planning and that, as the above transaction is relatively complicated and may involve asset  reorganisation, it is still pending further study and analysis.  Given that there is material uncertainty and Cosco is not able to ascertain if the  proposed transaction may or may not have a material  impact on the Cosco’s securities,  in order to ensure fair disclosure of information,  safeguard the interest of investors and  prevent unusual fluctuation of share prices of Cosco, the trading in the shares of Cosco will continue to be suspended.