China International Marine Containers : ANNOUNCEMENT ON THE PROPOSED REGISTRATION ISSUANCE OF DEBT FINANCING INSTRUMENTS OF THE ASSOCIATION OF FINANCIAL MARKET INSTITUTIONAL INVESTORS

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CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) CO., LTD.

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

(Stock Code: 2039)

ANNOUNCEMENT ON THE PROPOSED REGISTRATION ISSUANCE OF DEBT FINANCING INSTRUMENTS OF THE ASSOCIATION OF

FINANCIAL MARKET INSTITUTIONAL INVESTORS

This announcement is published by China International Marine Containers (Group) Co., Ltd. (the "Company" and together with its subsidiaries, the "Group") in mainland China pursuant to the provisions of the Rules Governing the Listing of Securities on the Shenzhen Stock Exchange and is announced in Hong Kong pursuant to Rule 13.09(2)(a), Rule 13.10B of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange (the "Hong Kong Listing Rules") and the Inside Information Provisions (as defined in the Hong Kong Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

To further broaden the financing channels, optimize the debt structure of the Group, reasonably control the financial costs and flexibly select the financing instruments, the Company, upon satisfying relevant requirements of the National Association of Financial Market Institutional Investors (the "Association") for the "first-tier mature enterprises" in accordance with the Working Rules and Procedures for the Public Issuance and Registration of Non-financial Corporate Debt Financing Instruments (2020 Edition) issued by the Association and other relevant regulations, proposed to apply to the Association for the registration of the issuance of multi-type debt financing instruments (the "DFI"), including super & short-term commercial papers, short-term commercial papers, medium-term notes, perpetual notes, asset-backed notes, green debt financing instruments and private placement notes, etc.. The Company will issue the DFI during the term of registration (the "Registration Issuance"), the specific contents of which are as follows:

I. Conditions of the Registration Issuance

According to the Working Rules and Procedures for the Public Issuance and Registration of Non-financial Corporate Debt Financing Instruments (2020 Edition) issued by the Association and other relevant regulations, the first-tier mature enterprises may prepare the same registration file for the public issuance of super & short-term commercial papers, short-term commercial papers, medium-term notes, perpetual notes, asset-backed notes and other products to carry out unified registration. A first-tier mature enterprise is also required to meet the conditions as follows:

1. The production and operation is in line with the national macro-control policies and industry policies, with wide market recognition, leading industry position and sound corporate governance.

• 2. The enterprise maintains a stable financial position, and the business scale, capital structure, profitability satisfy the corresponding requirements.

• 3. The enterprise offers mature disclosure of public issue information. The accumulative public issuance of debt financing instruments and other corporate credit bonds is not less than 3 tranches within 36 months, and the scale of the public issuance is not less than RMB10 billion.

• 4. Within 36 months, there was no default or material delay in payment of principal on debt financing instruments and other corporate credit bonds or other major debts by the enterprise; there was no default or delay in payment of principal on debt financing instruments and other corporate credit bonds by the controlling shareholders and subsidiaries.

• 5. Within 36 months, there was no major illegal action, nor was there any direct restriction on debt financing as stipulated by national laws or policies that received warnings and disciplinary sanctions imposed by the Association. There was no suspected illegal action conducted by de facto controller that was investigated by the authority or subject to major administrative or criminal penalties.

• 6. Other conditions stipulated by the Association for investors protection.

II. Registration Issuance Plan

• 1. Registration and Issuance: It is proposed to register and issue multi-type debt financing instruments, including super & short-term commercial papers, short-term commercial papers, medium-term notes, perpetual notes, asset-backed notes, green debt financing instruments and private placement notes, etc.. Upon completion of the registration procedures, the Group will commence issuance in tranches and determine the types, amounts and maturities, etc. of respective issuance according to the capital needs of the Group and market interest rates;

• 2. Registration amount and issuance size: The registration amount does not require any prior setup, and the issuance size of each type under such debt financing instrument shall not exceed a total of RMB12 billion;

• 3. Issuance costs: The final interest rate is subject to the market interest rate at the time of the proposed issuance, the capital needs of the Group and negotiations with the underwriter, taking into account the AAA credit rating of the Group;

• 4. Issuance method: Public or private issuance in the inter-bank market through centralized book building and centralized placing.

III. Authorization Matters of the Registration Issuance

A resolution will be proposed at the general meeting by the board of directors of the Company (the "Board") to authorize it and agree with its authorization to Mr. MAI Boliang, the chairman and CEO of the Group, or any person authorized by him to determine the specific matters in relation to the unified registration of the issuance of multi-type DFI to the extent permitted under the authorization at the general meeting and in accordance with the opinions of approval authorities and relevant laws and regulations, including but not limited to:

• 1. To the extent permitted under relevant laws and regulations and based on the issuance policies issued by regulatory authorities, market conditions and the needs of the Company, formulating, modifying and adjusting the specific plans for issuance of the DFI, including but not limited to all matters relating to the terms of issuance such as the type, timing, size, term, amount and interest rate of the issuance and use of proceeds from the issuance;

• 2. Selecting and engaging underwriters and other intermediary institutions;

• 3. Dealing with the approval, registration, filing and other procedures with relevant regulatory authorities relating to the application for the issuance;

• 4. Executing, implementing and modifying the contracts, agreements and documents relating to the issuance and listing of the DFI, including but not limited to application documents, prospectus, underwriting agreements and various announcements, and disclosing relevant information in accordance with regulatory rules;

• 5. In the event of changes in the regulatory policies or in the market conditions, and to the extent permitted under the authorization at the general meeting, making corresponding adjustments to the specific plans for issuance of the DFI and other relevant matters in accordance with the opinions of regulatory authorities or prevailing market conditions, except for matters that shall be subject to additional voting at the general meeting according to relevant laws, regulations and the articles of association of the Company;

• 6. Dealing with any other specific matters in respect of the registration and issuance of the DFI;

• 7. The authorization shall remain valid from the date on which the resolution is considered and approved at the general meeting until the date of expiry of the term of the registration notice of the non-financial corporate debt financing instruments.

• IV. Approval Procedures of the Registration Issuance

  The Registration Issuance has been considered and passed at the seventh meeting in 2021 of the ninth session of the Board of the Company held on 29 March 2021, pending submission to the general meeting of the Company for consideration and approval. It is subject to the registration with the Association. The Company is not a party subject to liabilities for dishonesty.

  There is uncertainty as to whether the Registration Issuance will be approved. The Company will fulfill its information disclosure obligation in a timely manner in compliance with the requirements under the relevant laws and regulations. Investors are advised to pay attention to the investment risks.

• V. Documents Available for Inspection

  The resolution which has been approved at the seventh meeting in 2021 of the ninth session of the Board of the Company is available for inspection.

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, 29 March 2021

As at the date of this announcement, the Board of the Company comprises Mr. MAI Boliang (Chairman)

• as an executive director; Mr. HU Xianfu (Vice-chairman), Mr. DENG Weidong and Mr. MING Dong

• as non-executive directors; and Mr. HE Jiale, Mr. PAN Zhengqi and Ms. LUI FUNG Mei Yee, Mabel

• as independent non-executive directors.