On April 28, 2016, the 25th Session of the 4th Board of Directors Meeting of China COSCO Holdings Co., Ltd. (the "Company") held at the 2nd Meeting Room on Floor B1, 678 Dongdaming Road, Shanghai and Multi-functional Hall on the 47F of COSCO Tower, in form of video-telephone conference. The Meeting was presided over by Mr. Wan Min - Chairman of the Company¸ and was attended by company directors including Mr. Sun Jiakang, Mr. Wang Yuhang, and Mr. Xu Zunwu. Along with Company independent directors including Mr. Kwong Che Keung, Mr. Peter Guy Bowie and Mr. Yang Liangyi attended the meeting on-site in Shanghai. Mr. Fu Xiangyang - Chairman of the Board of Supervisors, Member of the Supervisory Committee Mr. Ma Jianghua, Madam. Zhang Li, Mr. Gao Ping and Independent Supervisor Mr. Meng Yan, Mr. Deng Huangjun - CFO of the Company, Mr. Guo Huawei – the Secretary of the Company also attended the meeting. Madam Sun Yueying, Mr. Ye Weilong, Madam Rita Fan Hsu Lai Tai and Vice President of the Company Mr. Wang Haimin attended the meeting in form of telephone conference. And Mr. Qiu Jinguang, the Vice President of the Company attended the meeting in form of video conference. At the meeting, five proposals including the China COSCO 2016 Q1 Quarterly Report and the Proposal on Nomination Letter of Mr. Zhang Wei as vice president of China COSCO were reviewed, and all proposals were approved unanimously.
On the same day, the 10th Session of China COSCO 4th Supervisory Board Meeting was held. The Meeting was presided over by Mr. Fu Xiangyang - Chairman of the Supervisory Committee, and was participated by members of the Supervisory Committee including Mr. Ma Jianhua, Madam. Zhang Li, independent supervisors of the Company Mr. Gao Ping, Mr. Meng Yan and independent supervisors of the Company Mr. Zhang Jianping. Two proposals including the China COSCO 2016 Q1 Quarterly Report and Approve the Proposal on Nomination Letter of Mr. Zhang Wei as vice president of China COSCO were reviewed and approved.