The Board of COSCO SHIPPING Development Co., Ltd. proposed to distribute a final dividend of RMB 0.056 per share (inclusive of applicable taxes) for the year ended 31 December 2020 (2019: RMB 0.045 per share), subject to the approval of shareholders of the Company at the forthcoming AGM. The final dividend will be denominated and declared in RMB, payable to the holders of A shares and H shares of the Company in RMB and Hong Kong dollars, respectively within two months after the approval at the AGM.