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CHINA SHIPPING DEVELOPMENT COMPANY LIMITED

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

(Stock Code: 1138) NOTIFICATION OF BOARD MEETING

Pursuant to Rule 13.43 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, there will be a meeting of the board ("Board") of directors ("Directors") of China Shipping Development Company Limited (the "Company") on Friday, 27 March 2015 for the purposes of considering and approving, among other matters, the final results of the Company and its subsidiaries for the year ended 31 December 2014, the recommendation on the payment of a final dividend (if any) and transacting any other business.

By order of the Board

China Shipping Development Company Limited Yao Qiaohong

Company Secretary

Shanghai, the People's Republic of China

9 January 2015

As at the date of this announcement, the board of directors of the Company comprises Mr. Xu Lirong, Mr. Zhang Guofa, Ms. Su Min, Mr. Huang Xiaowen, Mr. Ding Nong, Mr. Liu Xihan, Mr. Yu Zenggang, Mr. Han Jun and Mr. Qiu Guoxuan as executive Directors, Mr. Zhang Jun, Mr. Wang Wusheng, Mr. Ruan Yongping, Mr. Ip Sing Chi and Mr. Wang Guoliang as independent non-executive Directors.

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