Chu Kong Shipping Enterprises : Circulars - RE-ELECTION OF DIRECTORS, DECLARATION OF FINAL AND SPECIAL DIVIDENDS, GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES AND AMENDMENTS TO THE ARTICLES OF ASSOCIATION

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any aspect of this circular or as to the action you should take, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your shares in Chu Kong Shipping Enterprises (Group) Company Limited, you should at once hand this circular and the accompanying proxy form to the purchaser or the transferee, or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

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

Chu Kong Shipping Enterprises (Group) Co., Ltd.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00560)

RE-ELECTION OF DIRECTORS,

DECLARATION OF FINAL AND SPECIAL DIVIDENDS,

GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES, AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND NOTICE OF ANNUAL GENERAL MEETING

A notice convening the annual general meeting of Chu Kong Shipping Enterprises (Group) Company Limited to be held on board the vessel, Harbour Cruise "Oriental Pearl", Hung Hom (South) Ferry Pier, Kowloon, Hong Kong on Wednesday, 21 June 2023 at 2:30 p.m. (Hong Kong time) is set out on pages 15 to 18 of this circular.

Whether or not you are able to attend the annual general meeting, you are requested to complete the enclosed proxy form in accordance with the instructions printed thereon and return it to the Company's share registrar, Tricor Tengis Limited, at 17/F., Far East Finance Centre, 16 Harcourt Road, Hong Kong as soon as possible, and in any event not less than 48 hours before the time appointed for the annual general meeting (i.e. before 19 June 2023 (Monday), 2:30 p.m. (Hong Kong time)) or any adjournment thereof (as the case may be). Submission of a proxy form shall not preclude you from attending the annual general meeting or any adjournment of such meeting and voting in person should you so wish and in such event, the proxy form will be deemed to be revoked.

27 April 2023

CONTENTS

			Page
DEFINITIONS	1
LETTER FROM THE BOARD	3
APPENDIX I	-	DETAILS OF THE DIRECTORS TO BE
		RE-ELECTED AT THE ANNUAL GENERAL MEETING . . . .	10
APPENDIX II	-	EXPLANATORY STATEMENT ON THE
		REPURCHASE MANDATE	12
NOTICE OF ANNUAL GENERAL MEETING	15

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DEFINITIONS

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

"AGM"	the annual general meeting of the Company to be held on board
	the vessel, Harbour Cruise "Oriental Pearl", Hung Hom (South)
	Ferry Pier, Kowloon, Hong Kong, on Wednesday, 21 June 2023
	at 2:30 p.m. (Hong Kong time) or any adjourned meeting thereof
"AGM Notice"	the notice convening the AGM set out on pages 15 to 18 of this
	circular
"Articles of Association"	the articles of association of the Company
"Board"	the board of Directors of the Company
"CKSE"	Chu Kong Shipping Enterprises (Holdings) Company Limited, a
	company incorporated in Hong Kong with limited liability, the
	controlling Shareholder and a wholly-owned subsidiary of GDPS
"Close Associate(s)"	has the meaning as defined in the Listing Rules
"Companies Ordinance"	Companies Ordinance, Chapter 622 of the Laws of Hong Kong
"Company"	Chu Kong Shipping Enterprises (Group) Company Limited, a
	company incorporated in Hong Kong with limited liability, the
	shares of which are listed on the Stock Exchange
"Core Connected Person(s)"	has the meaning as defined in the Listing Rules
"Director(s)"	director(s) of the Company
"Extension Mandate"	as defined in paragraph 5 of the "Letter from the Board"
	contained in this circular
"GDPS"	廣東省港航集團有限公司 (Guangdong Provincial Port &
	Shipping Group Company Limited*), formerly known as 廣東省
	航運集團有限公司 (Guangdong Province Navigation Group
	Company Limited*), a state-owned enterprise established under
	the laws of the PRC and the ultimate controlling shareholder of
	the Company
"Group"	the Company and its subsidiaries
"HK$"	Hong Kong dollars, the lawful currency of Hong Kong

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	DEFINITIONS
"Hong Kong"	the Hong Kong Special Administrative Region of the People's
	Republic of China
"Issue Mandate"	as defined in paragraph 5 of the "Letter from the Board"
	contained in this circular
"Latest Practicable Date"	20 April 2023, being the latest practicable date prior to the
	printing of this circular for ascertaining certain information
	contained herein
"Listing Rules"	the Rules Governing the Listing of Securities on the Stock
	Exchange
"Repurchase Mandate"	as defined in paragraph 5 of the "Letter from the Board"
	contained in this circular
"SFO"	the Securities and Futures Ordinance, Chapter 571 of the Laws of
	Hong Kong
"Share(s)"	ordinary share(s) of the Company
"Shareholder(s)"	holder(s) of the Shares
"Stock Exchange"	The Stock Exchange of Hong Kong Limited
"Takeovers Code"	the Code on Takeovers and Mergers
"%"	percent

In this circular, the English names of the PRC entities are translations of their Chinese names and included herein for identification purpose only. In the event of any inconsistency, the Chinese names shall prevail.

*  for identification purpose only

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LETTER FROM THE BOARD

Chu Kong Shipping Enterprises (Group) Co., Ltd.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00560)

Mr. Liu Guanghui* (Chairman of the Board)	Registered Office:
Mr. Zhou Jun* (General Manager)	22nd Floor,
Ms. Zhong Yan**	Chu Kong Shipping Tower,
Mr. Liu Wuwei*	143 Connaught Road Central,
Mr. Chan Kay-cheung***	Hong Kong
Ms. Yau Lai Man***
Mr. Chow Bing Sing***	Principle Place of Business in Hong Kong:
Hon. Rock Chen Chung-nin***	24th Floor,
		Chu Kong Shipping Tower,
*	Executive Directors	143 Connaught Road Central,
**	Non-executive Director	Hong Kong
*** Independent Non-executive Directors

27 April 2023

To all Shareholders

Dear Sir or Madam,

RE-ELECTION OF DIRECTORS,

DECLARATION OF FINAL AND SPECIAL DIVIDENDS,

GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES, AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND NOTICE OF ANNUAL GENERAL MEETING

1. INTRODUCTION

The purpose of this circular is to provide you with information in respect of the resolutions to be proposed at the AGM relating to, amongst other matters, the re-election of Directors, the declaration of final and special dividends and the grant of each of the Issue Mandate, Repurchase Mandate, Extension Mandate and amendments to the Articles of Association.

2. ADOPTION OF THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS AND THE REPORTS OF THE DIRECTORS AND THE AUDITORS

The annual report incorporating the audited consolidated financial statements of the Company and the reports of the Directors and the auditors for the year ended 31 December 2022 will be sent together with this circular to the Shareholders on the same date. The audited consolidated financial statements of the Company have been reviewed by the audit committee of the Company.

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