COSCO SHIPPING Energy Transportation : POLL RESULTS OF THE EGM AND THE CLASS MEETINGS

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)

POLL RESULTS OF THE EGM AND THE CLASS MEETINGS

POLL RESULTS OF THE EGM AND THE CLASS MEETINGS

The Board is pleased to announce that all the resolutions as set out in the Notices were duly passed at the EGM and the Class Meetings by way of poll.

Reference is made to (a) the announcements of COSCO SHIPPING Energy Transportation Co., Ltd. (the "Company") dated 30 October 2019, (b) the respective notices dated 1 November 2019 convening the EGM and the H Shares Class Meeting (together, the "Notices"), and (c) the circular dated 25 November 2019 (the "Circular") issued by the Company in relation to, among other things, the Proposed Amendments and the Extension Resolutions.

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

POLL RESULTS OF THE EGM AND THE CLASS MEETINGS

The Board is pleased to announce that all the resolutions as set out in the Notices were duly passed by way of poll at the EGM and the Class Meetings, which were held on 17 December 2019 at 3rd Floor, Ocean Hotel, No. 1171 Dong Da Ming Road, Hongkou District, Shanghai, the People's Republic of China.

Mr. Liu Hanbo, the chairman of the Board and an executive Director of the Company was the chairman of each of the EGM and the Class Meetings. BDO Limited, a firm of practicing accountants, was appointed as the scrutineer in respect of the EGM and the Class Meetings for the purpose of vote-taking.

- 1 -

As at the date of the EGM and the Class Meetings, the total number of issued Shares in the Company was 4,032,032,861, comprising 2,736,032,861 A Shares and 1,296,000,000 H Shares. As disclosed in the Circular, COSCO Shipping and parties acting in concert with it, which control 1,554,631,593 A Shares, representing approximately 38.56% of the total number of issued Shares and voting rights in the Company as at the date of the EGM and the Class Meetings, were required to (and they did) abstain from voting at the EGM and/or the Class Meetings on the resolutions in relation to the Extension Resolutions. Accordingly:

1. the total number of Shares entitling Shareholders to attend and vote for or against resolutions no. 1 to 4 at the EGM was 4,032,032,861 Shares, and in respect of resolutions no. 5 to 6 at the EGM was 2,477,401,268 Shares;
2. the total number of A Shares entitling A Shareholders to attend and vote for or against resolutions no. 1 to 2 at the A Shares Class Meeting was 1,181,401,268 A Shares; and
3. the total number of H Shares entitling H Shareholders to attend and vote for or against resolutions no. 1 to 2 at the H Shares Class Meeting was 1,296,000,000 H Shares.

Save as disclosed above, there were no Shares entitling Shareholders to attend the EGM and the Class Meetings and abstain from voting in favor of the resolutions proposed at the EGM and/or the Class Meetings as set out in Rule 13.40 of the Listing Rules and no Shareholders were required to abstain from voting at the EGM and/or the Class Meetings.

- 2 -

ATTENDANCES AT THE EGM AND THE CLASS MEETINGS

1. Attendance at the EGM
   Set out below are details of the Shareholders and their authorized proxies present at the EGM or participating in the online voting:

Number of Shareholders and authorized proxies	93
Including: Number of A Shareholders	92
Number of H Shareholders	1
Total number of Shares carrying voting rights (shares)	2,079,449,279
Including: Total number of Shares carrying voting rights held by
A Shareholders	1,655,001,823
Total number of Shares carrying voting rights held by
H Shareholders	424,447,456
Percentage of the total number of Shares of the Company carrying voting
rights (%)	51.5732
Including: Number of A Shares as a percentage of the number of Shares
of the Company carrying voting rights (%)	41.0463
Number of H Shares as a percentage of the number of Shares
of the Company carrying voting rights (%)	10.5269

- 3 -

(II) Attendance at the A Shares Class Meeting

Set out below are the details of the A Shareholders and authorized proxies present at the A Shares Class Meeting or participating in the online voting:

Number of A Shareholders and authorized proxies	92
Total number of A Shares carrying voting rights (shares)	1,655,001,823
Number of A Shares as a percentage of the total number of A Shares of
the Company (%)	60.4891

1. Attendance at the H Shares Class Meeting
   Set out below are the details of the H Shareholders and authorized proxies present at the H Shares Class Meeting:

Number of H Shareholders and authorized proxies	1
Total number of H Shares carrying voting rights (shares)	424,047,456
Number of H Shares as a percentage of the total number of H Shares of
the Company (%)	32.7197

- 4 -

Poll results of the EGM

The results of the poll conducted at the EGM were as follows:

			For		Against		Abstain
			Number of			Number of			Number of
No.			Shares		%	Shares		%	Shares		%
SPECIAL RESOLUTIONS
1.	To consider and approve the resolution in relation to the	A Shares	1,654,992,498		99.9994	4,615		0.0003	4,710		0.0003
	Proposed Amendments to the Articles of Association.	H Shares	423,577,456		99.7950	870,000		0.2050	0		0.0000
		Total	2,078,569,954		99.9577	874,615		0.0421	4,710		0.0002
2.	To consider and approve the resolution in relation to the	A Shares	1,654,992,498		99.9994	4,615		0.0003	4,710		0.0003
	Proposed Amendments to the Rules and Procedures of	H Shares	423,577,456		99.7950	870,000		0.2050	0		0.0000
	Shareholders' General Meetings.	Total	2,078,569,954		99.9577	874,615		0.0421	4,710		0.0002
3.	To consider and approve the resolution in relation to the	A Shares	1,654,992,498		99.9994	4,615		0.0003	4,710		0.0003
	Proposed Amendments to the Rules and Procedures of Meetings	H Shares	423,577,456		99.7950	870,000		0.2050	0		0.0000
	of the Board of Directors.	Total	2,078,569,954		99.9577	874,615		0.0421	4,710		0.0002
4.	To consider and approve the resolution in relation to the	A Shares	1,654,992,498		99.9994	4,615		0.0003	4,710		0.0003
	Proposed Amendments to the Rules and Procedures of Meetings	H Shares	423,577,456		99.7950	870,000		0.2050	0		0.0000
	of the Supervisory Committee.	Total	2,078,569,954		99.9577	874,615		0.0421	4,710		0.0002
5.	To consider and approve the extension of the validity period of	A Shares	118,050,503		99.9774	22,015		0.0186	4,710		0.0040
	the shareholders' resolutions relating to the Proposed Non-	H Shares	421,907,456		99.4016	2,540,000		0.5984	0		0.0000
	public Issuance of A Shares.	Total	539,957,959		99.5269	2,562,015		0.4722	4,710		0.0009
6.	To consider and approve the extension of the validity period of	A Shares	118,050,503		99.9774	22,015		0.0186	4,710		0.0040
	the authorisation granted to the Board and any person authorised	H Shares	421,907,456		99.4016	2,540,000		0.5984	0		0.0000
	by the Board to handle all matters relating to the Proposed Non-	Total	539,957,959		99.5269	2,562,015		0.4722	4,710		0.0009
	public Issuance of A Shares.

Please refer to the Circular for details of each of the above resolutions. As more than two-thirds of the votes were cast in favour of the resolutions no. 1 to 6 set out above at the EGM, such resolutions were duly passed as special resolutions of the Company.

- 5 -

Poll results of the A Shares Class Meeting

The results of the poll conducted at the A Shares Class Meeting were as follows:

		For		Against		Abstain
		Number of			Number of			Number of
No.		A Shares		%	A Shares		%	A Shares		%
SPECIAL RESOLUTIONS
1.	To consider and approve the extension of the validity period of the	118,050,503		99.9774	22,015		0.0186	4,710		0.0040
	shareholders' resolutions relating to the Proposed Non-public
	Issuance of A Shares.
2.	To consider and approve the extension of the validity period of the	118,050,503		99.9774	22,015		0.0186	4,710		0.0040
	authorisation granted to the Board and any person authorised by the
	Board to handle all matters in connection with the Proposed Non-
	public Issuance of A Shares.

Note: percentage figures in respect of A Shares expressed in the table above represent the proportion as a percentage of all the voting A Shares.

Please refer to the Circular for details of each of the above resolutions. As more than two-thirds of the votes were cast in favour of the resolutions no. 1 to 2 set out above at the A Shares Class Meeting, such resolutions were duly passed as special resolutions of the Company.

- 6 -

Poll results of the H Shares Class Meeting

The results of the poll conducted at the H Shares Class Meeting were as follows:

		For		Against		Abstain
		Number of			Number of			Number of
No.		H Shares		%	H Shares		%	H Shares		%
SPECIAL RESOLUTIONS
1.	To consider and approve the extension of the validity period of the	421,507,456		99.4010	2,540,000		0.5990	0		0.0000
	shareholders' resolutions relating to the Proposed Non-public
	Issuance of A Shares.
2.	To consider and approve the extension of the validity period of the	421,507,456		99.4010	2,540,000		0.5990	0		0.0000
	authorisation granted to the Board and any person authorised by the
	Board to handle all matters in connection with the Proposed Non-
	public Issuance of A Shares.

Note: percentage figures in respect of H Shares expressed in the table above represent the proportion as a percentage of all the voting H Shares.

Please refer to the Circular for details of each of the above resolutions. As more than two-thirds of the votes were cast in favour of the resolutions no. 1 to 2 set out above at the H Shares Class Meeting, such resolutions were duly passed as special resolutions of the Company.

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

17 December 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 purpose only

- 7 -