China International Marine Containers : DISCLOSEABLE AND CONNECTED TRANSACTION

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

中國國際海運集裝箱（集團）股份有限公司

CHINAINTERNATIONALMARINECONTAINERS(GROUP)CO.,LTD.

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2039)

DISCLOSEABLE AND CONNECTED TRANSACTION

CAPITAL INCREASE AGREEMENT

According to the Capital Increase Agreement dated 6 August 2020, Country Garden will pay the Additional Capital of RMB1,606,124,427 to CIMC Skyspace Real Estate, an indirect non-wholly owned subsidiary of the Company, and the corresponding Additional Capital to the equity value of uncompleted parts of Qianhai Projects (if any) will be increased to a maximum of RMB39,012,616. Upon the completion of the transaction, the equity interests in CIMC Skyspace Real Estate held by Country Garden will increase from 25% to 30%.

As at the date of this announcement and before the completion, CIMC Skyspace Real Estate is an indirect non-wholly owned subsidiary of the Company, in which the Company holds 61.5% equity interests. Following the completion of capital increase, the equity interests of the Company in CIMC Skyspace Real Estate will be reduced to 57.4%, and CIMC Skyspace Real Estate remains an indirect non-wholly owned subsidiary of the Company.

IMPLICATIONS OF HONG KONG LISTING RULES

Country Garden currently holds 25% equity interest in CIMC Skyspace Real Estate and is a connected person as defined in Rule 14A.07(1) of the Listing Rules. According to Rule 14.29 of the Listing Rules, the capital increase of CIMC Skyspace Real Estate leads to the decrease of percentage of equity interest held by the Company in such indirect non-wholly owned subsidiary, and the transaction will constitute a deemed disposal of the Company. As such, by virtue of Rule 14A.24 and Rule 14A.25 of the Hong Kong Listing Rules, CIMC Skyspace Real Estate's entering into the Capital Increase Agreement constitutes a connected transaction of the Company. The connected transactions contemplated thereunder shall be subject to, among others, the reporting and announcement requirements under Chapter 14A of the Hong Kong Listing Rules and shall be subject to the independent Shareholders' approval requirement. Directors consider that the terms of the Capital Increase Agreement are on normal commercial terms, are fair and reasonable and in the interest of the Company and Shareholders as a whole. The Company will convene the general meeting in due course.

1

As one or more applicable percentage ratios (as defined in the Hong Kong Listing Rules) of the transactions contemplated under the Capital Increase Agreement are more than 5% but lower than 25%, the signing of the Capital Increase Agreement constitutes a discloseable transaction of the Company under Chapter 14 of the Hong Kong Listing Rules and is subject to the reporting and announcement requirements under Chapter 14 of the Hong Kong Listing Rules.

A circular containing, among other things, further details of the Capital Increase Agreement and the transactions contemplated thereunder, the letter of independent financial advisor in which the independent financial advisor provides advice and recommendation to the independent board committee will be despatched to Shareholders on or before 26 August 2020.

BACKGROUND

According to the Capital Increase Agreement dated 6 August 2020, Country Garden will pay the Additional Capital of RMB1,606,124,427 to CIMC Skyspace Real Estate, an indirect non-wholly owned subsidiary of the Company, and the corresponding Additional Capital to the equity value of uncompleted parts of Qianhai Projects (if any) will be increased to a maximum of RMB39,012,616. Upon the completion of the transaction, the equity interests in CIMC Skyspace Real Estate held by Country Garden will increase from 25% to 30%.

CAPITAL INCREASE AGREEMENT

Principal terms of the Capital Increase Agreement are set out below:

Date	: 6 August 2020 (after trading hours)
Parties	: CIMC Skyspace Real Estate, an indirect non-wholly owned subsidiary of the
	Company;
	CIMC Shenfa, a wholly-owned subsidiary of the Company;
	Oriental Tianyu;
	Chang'an Trust; and
	Country Garden.

Increase Capital Injection to CIMC Skyspace Real Estate

As at the date of this announcement and before the completion, CIMC Skyspace Real Estate is an indirect non-wholly owned subsidiary of the Company, and CIMC Shenfa and Country Garden hold 61.5% and 25% of its equity interest, respectively.

2

The Additional Capital made by Country Garden is determined by parties of the Capital Increase Agreement after arm's length negotiation, on normal commercial terms and according to their respective shareholdings in CIMC Skyspace Real Estate.

The Company holds the equity interest of CIMC Skyspace Real Estate indirectly through CIMC Shenfa, a wholly-owned subsidiary. Following the completion of capital increase, the Company's shareholding in CIMC Skyspace Real Estate will decrease to 57.4%, and the equity interest in CIMC Skyspace Real Estate held by Country Garden will increase to 30%.

Additional Capital

The total of Additional Capital Country Garden will pay to CIMC Skyspace Real Estate in respect of the Capital Increase Agreement is tentatively determined as RMB1,606,124,427, subject to the Additional Capital to be calculated according to the adjustment mechanism for the equity values of project, including the Additional Capital for Existing Projects and the Additional Capital for Qianhai Projects.

The Additional Capital for Existing Projects is RMB347,346,543, with RMB24,250,863.43 injected into the registered capital and the remaining RMB323,095,679.57 injected into the capital reserve of CIMC Skyspace Real Estate. Following the completion of capital increase, the registered capital of CIMC Skyspace Real Estate will be RMB363,762,951.43.

The tentative Additional Capital for Qianhai Projects is RMB1,258,777,884 subject to an increase according to the adjustment mechanism in the Capital Increase Agreement if there is an increase in the planning quota of the gross floor area of the uncompleted parts of Qianhai Projects, and, based on the Equity Value of Qianhai Projects, is divided into the additional capital for completed parts of Qianhai Projects of RMB287,582,911 (the "Additional Capital for Completed Parts of Qianhai Projects") and the tentative additional capital for uncompleted parts of Qianhai Projects of RMB971,194,973 that will be fully injected into the capital reserve of CIMC Skyspace Real Estate (the "Additional Capital for Uncompleted Parts of Qianhai Projects").

Adjustment Mechanism of the Additional Capital for Uncompleted Parts of Qianhai Projects

If there is an increase in the planning quota of the gross floor area of uncompleted parts of Qianhai Projects, the equity value of uncompleted parts and the tentative additional capital of Qianhai Projects will be increased according to the adjustment mechanism in the Capital Increase Agreement; if the floor area planning quota for uncompleted parts of Qianhai Projects is not increased, the equity value of uncompleted parts and the tentative additional capital of Qianhai Projects should not be increased.

Increase in the equity values = (Estimated unit price of the gross floor area of Qianhai Projects x increase in the gross floor area - corresponding all land price attributable to such part of gross floor area) x 75%, among which, the increase in gross floor area shall be no more than 12,000 square meters.

3

The tentative Additional Capital for Uncompleted Parts of Qianhai Projects shall be increased according to the following agreement if there is an increase in the equity values of the uncompleted parts of Qianhai Projects:

The maximum of the increase in the tentative additional capital = Increase in the equity values/70% x 30% and the maximum of the tentative additional capital will be RMB39,012,616.

Payment of Additional Capital

Within five working days after the date when the Capital Increase Agreement becomes effective, Country Garden pays the Additional Capital for Existing Projects and the Additional Capital for Completed Parts of Qianhai Projects to CIMC Skyspace Real Estate, totaling RMB634,929,454.

Within five working days after the completion of the uncompleted parts of Qianhai Projects, Country Garden pays the Additional Capital for Uncompleted Parts of Qianhai Projects to CIMC Skyspace Real Estate. If uncompleted parts of Qianhai Projects are completed in phases, Country Garden pays the additional capital for the corresponding parts by installments in accordance with the actual progress of projects. If the floor area planning quota for uncompleted parts of Qianhai Projects is increased, Country Garden pays based on the increased Equity Value of Qianhai Projects and the Additional Capital for Qianhai Projects.

CONDITIONS PRECEDENT AND COMPLETION

The completion of capital increase is subject to the fulfillment of all of the following conditions:

1. legal representatives or authorised representatives of parties of the Capital Increase Agreement sign and seal the Capital Increase Agreement;
2. all parties approve the Capital Increase Agreement in accordance with their respective approval requirements;
3. the Company has complied with the reporting and announcement requirements under the Hong Kong Listing Rules and obtained the approval of independent Shareholders of the Company for the Capital Increase Agreement and the transactions contemplated thereunder.

After the Capital Increase Agreement becomes effective, all parties shall complete the procedures for registering relevant changes with industry and commerce authorities in respect of the capital increase, and CIMC Skyspace Real Estate shall obtain the new business license.

COMPOSITION OF THE BOARD OF DIRECTORS AND THE MANAGEMENT OF CIMC SKYSPACE REAL ESTATE FOLLOWING THE COMPLETION OF CAPITAL INCREASE

Following the completion of the transaction, members of the board of directors and the management of CIMC Skyspace Real Estate remain unchanged. The special resolutions of the board of directors of CIMC Skyspace Real Estate are subject to the approval from more than three fourths (3/4) (excluding the underlying number) of directors, while other resolutions are subject to the approval from more than a half (1/2) (excluding the underlying number) of directors.

4

Information of CIMC Skyspace Real Estate

Company Name:	Shenzhen CIMC Skyspace Real Estate Development Co., Ltd.
Company Type:	Company with limited liability
Date of Establishment:	24 November 1998
Legal Representative:	YU Zhenfei
Unified Social Credit Code:	914403007084645051
Registered Address:	21 Floor China Merchants Plaza, 1166 Wanghai Road, Shekou,
	Nanshan District, Shenzhen, Guangdong Province, China
Registered Capital:	RMB339,512,088
Principal Operations:	Engaging in the investments in urban areas, industrial parks, scenic
	spots and construction of community projects (subject to separate
	application for above specific items); construction and operation of
	supporting facilities in urban areas, industrial parks, scenic spots
	and communities (excluding restricted items); industrial investment
	(subject to separate application for specific items); property
	management; hotel management; business management; corporate
	management consulting (excluding restricted items for all the above
	businesses) and other businesses.
Shareholding Structure:	As at the date of this announcement, CIMC Shenfa, Country Garden,
	Oriental Tianyu and Chang'an Trust hold 61.5%, 25%, 7.5% and
	6% equity interests in CIMC Skyspace Real Estate, respectively,
	and CIMC Skyspace Real Estate is an indirect non-wholly owned
	subsidiary of the Company.

The table below sets out the audited financial information of CIMC Skyspace Real Estate for the six months ended 30 June 2020 and the audited financial information for the two financial years ended 31 December 2018 and 2019 which are prepared in accordance with China Accounting Standards for Business Enterprises:

		Unit:	RMB'000
			January to
	2018	2019	June 2020
	(Audited)	(Audited)	(Audited)
Revenue	2,885,916	1,435,996	1,262,134
Net profit before tax	688,715	945,128	236,674
Net profit after tax	477,993	702,488	136,298
Net profit attributable to the parent
company	332,405	613,841	2,369

5

	31 December	31 December	30 June
	2018	2019	2020
	(Audited)	(Audited)	(Audited)
Total assets	20,106,049	28,052,766	30,095,138
Net assets attributable to the parent
company	2,504,386	3,225,811	2,980,622
Total liabilities	14,137,002	20,238,041	22,474,057

Following the completion of capital increase, the equity interests of the Company in CIMC Skyspace Real Estate through CIMC Shenfa will be 57.4%, and CIMC Skyspace Real Estate remains a non-wholly owned subsidiary of the Company. The capital increase will neither cause the loss of controlling interest in CIMC Skyspace Real Estate nor substantially affect the financial condition and operation result of the Group, without prejudice to the interests of the Company and all its Shareholders, especially small and medium shareholders. The Additional Capital made by Country Garden in the transaction will be used to supplement the registered capital and the capital reserve of CIMC Skyspace Real Estate, which will supplement the development funds for Existing Projects of CIMC Skyspace Real Estate and promote the future development, exerting a positive impact on the development and operation of projects.

INFORMATION ON THE COMPANY

The Company is a joint stock company established in the PRC with limited liability, the H shares and A shares of which are listed on the main board of the Hong Kong Stock Exchange and the Shenzhen Stock Exchange, respectively. The Group is principally engaged in the container manufacturing business, road transportation vehicles business, energy, chemical and liquid food equipment business, offshore engineering business, logistics service business, airport facilities equipment business etc.

INFORMATION ON OTHER PARTIES OF THE CAPITAL INCREASE AGREEMENT

1. CIMC Shenfa
Company Name:	CIMC Shenfa Development Co., Ltd.
Company Type:	Company with limited liability
Date of Establishment:	5 January 2000
Legal Representative:	MAI Boliang
Unified Social Credit Code:	91310107631672997W
Registered Address:	Room 1705, No. 18, Shunyi Road, Putuo District, Shanghai
Registered Capital:	RMB204,122,966

6

Principal Operations:	Engaging in the investment, construction and operation
	of infrastructure; real estate development and operation;
	industrial investment; domestic trade (excluding those specially
	regulated); manufacturing (limited to branches) and sale of
	containers and airport ground support equipment and other
	related businesses; and consulting services (for businesses that
	are subject to approval in accordance with the laws, they may
	only be commenced after obtaining approval from the relevant
	authorities).
Shareholding Structure:	As at the date of this announcement, the Company and its
	wholly-owned subsidiary Shenzhen Southern CIMC Containers
	Manufacture Co., Ltd. hold 98.53% and 1.47% equity interests
	in CIMC Shenfa, respectively, and CIMC Shenfa is a wholly-
	owned subsidiary of the Company.
2. Oriental Tianyu
Company Name:	Shenzhen Oriental Tianyu Investment Development Co., Ltd.
Company Type:	Company with limited liability
Date of Establishment:	24 January 2000
Legal Representative:	YU Zhenfei
Unified Social Credit Code:	91440300715267147L
Registered Address:	19WS, Tower 1, Luban Building, Hongli West Road, Futian
	District, Shenzhen
Registered Capital:	RMB33,680,000
Principal Operations:	Its general operating items are: investment and establishment
	of industries (details to be reported separately); domestic
	trade (excluding franchised, state controlled and monopolized
	merchandises); information consultant (excluding talent agency
	services and other restricted items); and leasing of self-owned
	houses (excluding restricted items).

7

3. Chang'an Trust
Company Name:	Chang'an International Trust Co., Ltd.
Company Type:	Other joint stock company (unlisted)
Date of Establishment:	28 December 1999
Legal Representative:	GAO Chengcheng
Unified Social Credit Code:	916101312206074534
Registered Address:	Floor 23 and 24, Hi-Tech International Business Center, No.
	33 Keji Road, Hi-Tech District, Xi'an
Registered Capital:	RMB3,330,000,000
Principal Operations:	The scope of the company's business is as follows: acting as
	trustee of funds; acting as trustee of chattels; acting as trustee

of real estates; acting as trustee of securities; acting as trustee of other properties or titles; conducting investment fund businesses as promoter of investment funds or fund management company; conducting restructuring of assets, merger and acquisition and project financing for companies, corporate wealth management and financial advising etc; acting as trustee to conduct securities underwriting businesses approved by the relevant departments of the State Council under mandate; handling coordination, consulting and credit search etc; providing custodian and safety box services; deploying proprietary assets through interbank lending, interbank borrowing, loan, leasing and investment; providing guarantee for third parties with proprietary assets; conducting interbank lending and borrowing; other businesses approved by laws and regulations or the China Banking Regulatory Commission.

Country Garden Real Estate Group is a company established in the PRC with limited liability and an indirect wholly-owned subsidiary of Country Garden Holdings Company Limited (Stock Code: 02007.HK) listed on the Hong Kong Stock Exchange. It is also the Substantial Shareholder holding 25% equity interest in CIMC Skyspace Real Estate, a subsidiary of the Company. Therefore, Country Garden Real Estate Group is a connected person of the Company. Country Garden Real Estate Group is principally engaged in property development, construction and installation, decoration, property investment, and hotel development and management under a centralized and standardized operating model.

8

KEY FINANCIAL INFORMATION OF COUNTRY GARDEN
		Unit: RMB0'000
	January to June 2019	2019
	(Unaudited)	(Audited)
Operating revenue	14,038,246	37,753,996
Profit before tax	2,403,861	7,175,675
Net profit attributable to the parent company	1,229,391	3,757,173
	30 June 2019	31 December 2019
	(Unaudited)	(Audited)
Total assets	139,836,146	154,357,061
Net assets attributable to the parent company	8,583,524	11,141,187
Total liabilities	127,420,461	138,395,871

Based on the Company's reasonable enquiry, Country Garden is not a party subject to liabilities for dishonesty.

BASIS FOR THE DETERMINATION OF ADDITIONAL CAPITAL

The Additional Capital is determined by the parties on normal commercial terms and after arm's length negotiation, and with reference to the Valuation Report issued by the independent valuer engaged by the Group using the asset-based approach and the market approach.

9

REASONS FOR AND BENEFITS OF ENTERING INTO THE CAPITAL INCREASE AGREEMENT

Country Garden Real Estate Group is one of the largest residential property developers that capitalizes on urbanization in the PRC and is principally engaged in the businesses of property development, construction and installation, interior decoration, property investment, and the development and management of hotels. Country Garden has the intention to continuously promote the business development of CIMC Skyspace Real Estate through the transaction and supplement the capital of CIMC Skyspace Real Estate. The transaction is in line with the Group's overall development plan and operation requirement, and is conducive to reducing the gearing ratio of the Group. In addition, it also aligns with the actual operation and development requirement of the principal operations of CIMC Skyspace Real Estate. The Additional Capital made by Country Garden in the transaction will be used to supplement the registered capital and the capital reserve of CIMC Skyspace Real Estate, which will supplement the development funds for Existing Projects of CIMC Skyspace Real Estate and promote the future development and has a positive impact on the development and operation of projects.

Based on the reasons above, Directors are of the view that the Capital Increase Agreement is entered into by CIMC Skyspace Real Estate on normal commercial terms and arm's length basis, its terms are fair and reasonable and are in the interest of the Company and Shareholders as a whole.

IMPLICATIONS OF HONG KONG LISTING RULES

Country Garden currently holds 25% equity interest in CIMC Skyspace Real Estate and is a connected person as defined in Rule 14A.07(1) of the Listing Rules. According to Rule 14.29 of the Hong Kong Listing Rules, the capital increase of CIMC Skyspace Real Estate leads to the decrease of percentage of equity interest held by the Company in such indirect non-wholly owned subsidiary, and the transaction will constitute a deemed disposal of the Company. As such, by virtue of Rule 14A.24 and Rule 14A.25 of the Hong Kong Listing Rules, CIMC Skyspace Real Estate's entering into the Capital Increase Agreement constitutes a connected transaction of the Company, and the connected transactions contemplated thereunder shall be subject to, among others, the reporting and announcement requirements under Chapter 14A of the Listing Rules and shall be subject to the independent Shareholders' approval requirement. The Company will convene the general meeting in due course.

As one or more applicable percentage ratios (as defined in the Hong Kong Listing Rules) of the transactions contemplated under the Capital Increase Agreement are more than 5% but lower than 25%, the signing of the Capital Increase Agreement constitutes a discloseable transaction of the Company under Chapter 14 of the Hong Kong Listing Rules and is subject to the reporting and announcement requirements under Chapter 14 of the Hong Kong Listing Rules.

10

GENERAL INFORMATION

The Directors consider that the Capital Increase Agreement is entered into by CIMC Skyspace Real Estate in the usual course of business on normal commercial terms and by the fairness principle, its terms are fair and reasonable, and that it is in the interest of the Company and Shareholders as a whole.

The Company has established the independent board committee to consider whether the terms of the Capital Increase Agreement are on normal commercial terms, fair and reasonable and in the interest of the Company and Shareholders as a whole and to offer advice to independent Shareholders in this regard. The Company has engaged the independent financial advisor to provide advice to the independent board committee and independent Shareholders. The Company will convene the general meeting in due course.

A circular containing, among other things, further details of the Capital Increase Agreement and the transactions contemplated thereunder, the letter of independent financial advisor in which the independent financial advisor provides advice and recommendation to the independent board committee will be despatched to Shareholders on or before 26 August 2020.

DEFINITIONS

In this announcement, unless the context otherwise requires, the following expressions have the following meanings:

"Additional Capital"	the additional capital Country Garden pays to CIMC Skyspace Real
	Estate pursuant to the Capital Increase Agreement, for the purpose
	of the transaction, by the registered capital, the capital reserve and
	other ways, including the Additional Capital for Existing Projects
	and the Additional Capital for Qianhai Projects
"Additional Capital for	the additional capital calculated by (the Equity Value of Existing
Existing Projects"	Projects x 25% + the Additional Capital for Existing Projects)/
	(the Equity Value of Existing Projects + the Additional Capital for
	Existing Projects) = 30%, i.e. the Additional Capital for Existing
	Projects = the Equity Value of Existing Projects/14
"Additional Capital for	the additional capital based on the Equity Value of Qianhai Projects
Qianhai Projects"	and calculated by the formula: the Equity Value of Qianhai Projects
	÷ 70% x 30%
"Board"	the board of Directors of the Company

11

"Capital Increase Agreement"	the capital increase agreement signed by CIMC Shenfa, Country
	Garden, Oriental Tianyu and Chang'an Trust on 6 August 2020
"Chang'an Trust"	Chang'an International Trust Co., Ltd., a joint stock company
	incorporated under the PRC law
"CIMC Shenfa"	CIMC Shenfa Development Co., Ltd., a wholly-owned subsidiary
	of the Company
"CIMC Skyspace Real Estate"	Shenzhen CIMC Skyspace Real Estate Development Co., Ltd., a
	non-wholly owned subsidiary of the Company
"Company"	China International Marine Containers (Group) Co., Ltd. (中國
	國際海運集裝箱(集團)股份有限公司), a joint stock company
	incorporated in the PRC with limited liability under the Company
	Law of the PRC in January 1980, the H shares of which are listed
	on the Hong Kong Stock Exchange and the A shares of which are
	listed on the Shenzhen Stock Exchange
"connected person(s)"	has the meaning ascribed thereto under the Hong Kong Listing
	Rules
"Country Garden Real Estate	Country Garden Real Estate Group Co., Ltd., an indirect wholly-
Group" or "Country Garden"	owned subsidiary of Country Garden Holdings Company Limited
	(stock code: 02007.HK) listed on the Hong Kong Stock Exchange
"Director(s)"	the director(s) of the Company
"Equity Value of	the value of all shareholders' equity of CIMC Skyspace Real Estate
Existing Projects"	corresponding to the Existing Projects as determined by reference
	to the Valuation Report
"Equity Value of	time factors including the delay of completing the land preparation
Qianhai Projects"	of Qianhai Projects and the delay of introducing Qianhai Projects
	into CIMC Skyspace Real Estate lead to valuation gains between the
	valuation of Qianhai Projects determined in the Valuation Report
	and the land grant price determined by the government. The Equity
	Value of Qianhai Projects represents the value of all shareholders'
	equity of CIMC Skyspace Real Estate corresponding to Qianhai
	Projects as determined by reference to the Valuation Report, which
	comprises two elements, the equity value of completed parts and
	the equity value of uncompleted parts

12

"Existing Projects"	property projects held and operated or projects being developed in
	the name of CIMC Skyspace Real Estate and companies held by
	itself as at the reference date of valuation, which, for the purpose
	of the Capital Increase Agreement, exclude Qianhai Projects
"Hong Kong"	the Hong Kong Special Administrative Region of the People's
	Republic of China
"Hong Kong Listing Rules"	the Rules Governing the Listing of Securities on The Stock Exchange
	of Hong Kong Limited
"Hong Kong Stock Exchange"	The Stock Exchange of Hong Kong Limited
"independent third party(ies)"	parties who are not the connected persons of the Company
"Oriental Tianyu"	Shenzhen Oriental Tianyu Investment Development Co., Ltd., a
	limited company incorporated under the PRC law
"PRC"	the People's Republic of China
"Qianhai Projects"	nine land parcels in Unit 09 of Qianhai Free Trade Zone, No.
	T102-0289, No. T102-0290, No. T102-0342, No. T102-0330, No.
	T102-0331, No. T102-0332, No. T102-0333, No. T102-0334, No.
	T102-0335
"RMB"	Renminbi, the lawful currency of the PRC
"Shareholder(s)"	the holder(s) of the share(s) of the Company
"Substantial Shareholder(s)"	has the meaning ascribed thereto under the Hong Kong Listing
	Rules
"Valuation Report"	the Asset Valuation Report issued by China United Assets
	Appraisal Group Co., Ltd., engaged by CIMC Skyspace Real
	Estate, after conducting the valuation on the market value of the
	total shareholders' equity of CIMC Skyspace Real Estate as at 31
	December 2019 and the market value of Qianhai Projects
"%"	per cent

13

This announcement is available for reviewing on the website of the Company (http://www.cimc.com) and the website of the Hong Kong Stock Exchange (http://www.hkexnews.hk).

By order of the Board

China International Marine Containers (Group) Co., Ltd.

YU Yuqun

Company Secretary

Hong Kong, 6 August 2020

As at the date of this announcement, the Board comprises Mr. WANG Hong (Chairman), Mr. LIU Chong (Vice-chairman), Mr. HU Xianfu and Mr. MING Dong as non-executive directors; Mr. MAI Boliang as an executive director; and Mr. HE Jiale, Mr. PAN Zhengqi and Ms. LUI FUNG Mei Yee, Mabel as independent non-executive directors.

14