On the morning of May 20, 2014, the 1st Session of the 4th Board of Directors Meeting of China COSCO Holdings Co., Ltd. (the “Company”) was held at Beijing Ocean Plaza and Hong Kong COSCO Tower, in form of video-telephone conference. The meeting was presided over in the Beijing venue by Mr. Li Yunpeng- ViceChairman of the Company¸ and was attended via telephoneby Chairman Ma Zehua,DirectorSun Jiakang, and Director Wang Yuhang. The meeting was also attended in form of videoconferencein Beijing and Hong Kong venuesby Director Sun YueyingDirector Ye Weilong, DirectorJiang Lijun, along with Independent Directors of the Company including Madam Rita Fan Hsu Lai Tai, Mr. Kwong Che Keung, Mr. Peter Guy Bowie and Mr. Yang Liangyi. Mr. Fu Xiangyang - Chairman of the Supervisory Board, Member of the Supervisory Board Madam. Zhang Li and Mr. Ma Jianghua, Independent Supervisor Mr. Meng Yan and Mr. ZhangJianping, Executive Vice Presidents of the Company Mr. Xu Zunwu and Mr. Wang Xingru, Mr. Tang Runjiang - CFO of the Company, Mr. Guo Huawei - Secretary of the Board, Mr. Wang Xiaodong - Assistant to the President and Madam Michelle Hung Man-Joint Company Secretary also observed the meeting. At the meeting, five proposals on election of Chairman and Vice Chairmanof China COSCO 4th Board of Directors, composition of the Special Committees of the Board and other matters were reviewed. All proposals have been adopted unanimously.
On the same day, the 1st Session of China COSCO 4th Supervisory Board Meeting was heldin Beijing Ocean Plaza. Supervisors of the Company Mr. Fu Xiangyang, Mr. Gao Ping,Madam. Zhang Li, Mr. Ma Jianhua, Mr. Meng Yan and Mr. Zhang Jianping attended the meetingon-site or via telephone and video.Mr. Fu Xiangyang was elected as Chairman of the China COSCO 4th Supervisory Board in the meeting.