The board of directors of China COSCO Holdings Company Limited informed the shareholders of the Company and potential investors that the company is expected to record a profit attributable to equity holders of the Company for the year ended December 31, 2013 as compared to the net loss attributable to the equity holders of the Company for the year ended December 31, 2012 of RMB 9,559,164,008.83, with basic loss per share of RMB 0.94. The Board believes that the expected profit for the year ended December 31, 2013 mentioned is primarily due to the effort of the Company in increasing its revenue and reducing its operation costs and the revenue generated from the disposal of equity interests and assets in certain companies previously held by the Company.