On morning of May 20, 2013, the 17th Session of the 3rd Board of Directors Meeting of China COSCO Holdings Co., Ltd. (the "Company") was held at the Beijing Ocean Plaza in form of telephone conference. The Meeting was presided over by Capt. Wei Jiafu-Chairman of the Company. Company directors including Mr. Ma Zehua, Mr. Li Yunpeng, Madam Sun Yueying, Mr. Sun Jiakang, Mr. Xu Minjie, Mr. Ye Weilong, Mr. Jiang Lijun, along with Company independent directors including Mr. Teo Siong Seng, Madam Rita Fan Hsu Lai Tai, Mr. Kwong Che Keung and Mr. Peter Guy Bowie attended the meeting on-site or via telephone. Mr. Song Dawei-Chairman of the Board of Supervisors, other members of the Supervisory Committee including Mr. Gao Ping, Mr. Ma Jianhua and Luo Jiulian, independent supervisors Mr. Meng Yan and Mr. Zhang Jianping, executive vice presidents of the Company Mr. Xu Zunwu, Mr. Wan Min, Mr. Wang Xingru and Mr. Zhang Jiqing, Mr. Feng Jinhua-CFO of the Company, Mr. Guo Huawei-Secretary of the Board, Mr. Wang Xiaodong-Assistant to the General Manager and Madam Michelle Hung Man-Joint Company Secretary also observed the meeting. At the meeting, four proposals including the Disposal of the Entire Issued Share Capital of COSCO Container Industries Limited by COSCO Pacific Limited and the Adjustment of Executive Vice President of China COSCO were reviewed, and all proposals were approved unanimously.
On the same day, the 13th Session of the 3rd Board of Supervisors Meeting of the Company was convened. Having a quorum of 6 directors, the meeting was attended by 6 directors. At the meeting, all supervisors reviewed and unanimously approved the Proposal on Sale of Entire Issue Share Capital of COSCO Container Industries Limited by COSCO Pacific Limited to Long Honour and Signing of the Share Transfer Agreement.