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.

COSCO SHIPPING ENERGY TRANSPORTATION CO., LTD.*

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

(Stock Code: 1138)

ANNOUNCEMENT IN RELATION TO THE APPROVAL BY ISSUANCE EXAMINATION COMMITTEE OF THE CSRC ON THE PROPOSED NON- PUBLIC ISSUANCE OF A SHARES

Reference is made to the announcements of COSCO SHIPPING Energy Transportation Co., Ltd. (the "Company") dated 31 October 2017, 15 December 2017, 18 December 2017, 27 December 2017, 6 February 2018, 5 March 2018, 9 May 2018, 30 October 2018, 17 December 2018, 29 May 2019, 4 June 2019, 19 June 2019, 5 July 2019 and 26 July 2019, and the circulars of the Company dated 4 December 2017, 30 November 2018 and 5 July 2019 (the "Circular") in respect of, inter alia, the Proposed Non-public Issuance of A Shares.

Unless otherwise defined, capitalized terms used herein have the same meanings as ascribed to them in the Circular.

On 25 October 2019, the Issuance Examination Committee of the CSRC (中國證券監督管理委員會 發行審核委員會) has reviewed the application for the Non-public Issuance of A Shares. According to the review results, the Company's application for the Non-public Issuance of A Shares was approved.

As at the date of this announcement, the Company has not received the formal approval in writing from the CSRC. The Company will further announce relevant information based on the progress of the Proposed Non-public Issuance of A Shares and in accordance with the disclosure requirements under relevant laws and regulations. Investors are advised to pay attention to the investment risks thereof.

Shareholders and potential investors should note that the Proposed Non-public Issuance of A Shares are subject to the obtaining of the written approval from the CSRC. The completion of the Proposed Non-public Issuance of A Shares and the Subscription are subject to the satisfaction of certain conditions. Accordingly, the Proposed Non-public Issuance of A Shares

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and the Subscription may or may not proceed. Shareholders and potential investors are advised to exercise caution when dealing in the Shares, and are recommended to consult their stockbroker, bank manager, solicitor or other professional adviser if they are in any doubt about their position and as to actions they should take.

By order of the Board

COSCO SHIPPING Energy Transportation Co., Ltd.

Yao Qiaohong

Company Secretary

Shanghai, the People's Republic of China

25 October 2019

As at the date of this announcement, the Board comprises Mr. Liu Hanbo and Mr. Zhu Maijin as executive directors, Mr. Feng Boming, Mr. Zhang Wei and Ms. Lin Honghua as non-executive directors, Mr. Ruan Yongping, Mr. Ip Sing Chi, Mr. Rui Meng and Mr. Teo Siong Seng as independent non-executive directors.

  • For identification purposes only

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COSCO Shipping Energy Transportation Co. Ltd. published this content on 25 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2019 15:55:02 UTC