COSCO SHIPPING International Hong Kong : Poll Results of Special General Meeting held on 30 December 2019

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.

(Incorporated in Bermuda with limited liability)

(Stock Code: 00517)

POLL RESULTS OF SPECIAL GENERAL MEETING

HELD ON 30 DECEMBER 2019

Reference is made to the notice of the special general meeting (the "SGM") of COSCO SHIPPING International (Hong Kong) Co., Ltd. (the "Company") dated 9 December 2019 (the "SGM Notice") and the circular of the Company dated 9 December 2019 (the "Circular"). Terms used herein shall have the same meanings as those defined in the SGM Notice and the Circular unless otherwise stated.

The Board is pleased to announce that at the SGM, the proposed resolutions nos. 1. and 2. as set out in the SGM Notice were duly passed by the Independent Shareholders by way of poll. The proposed resolution no. 3 as set out in the SGM Notice was not passed by the Independent Shareholders by way of poll.

The Company's branch share registrar and transfer office in Hong Kong, Tricor Abacus Limited, was appointed as scrutineer for the vote-taking at the SGM. As at the date of the SGM, the total number of issued Shares was 1,532,955,429. As stated in the Circular, in view of the interests of COSCO SHIPPING and COSCO SHIPPING (Hong Kong) in the Company, COSCO SHIPPING and COSCO SHIPPING (Hong Kong) and their respective associates, who in aggregate held 1,013,641,486 Shares as at the date of the SGM, representing approximately 66.12% of the total number of issued Shares, were required under the Listing Rules to abstain and had so abstained from voting on all resolutions proposed at the SGM. Accordingly, the total number of Shares entitling the Independent Shareholders to attend and vote for or against all resolutions proposed at the SGM was 519,313,943, representing approximately 33.88% of the total number of issued Shares. Save as disclosed above, there was no Share entitling the Shareholders to attend and abstain from voting in favour of the resolutions proposed at the SGM as set out in Rule 13.40 of the Listing Rules and no Shareholder was required under the Listing Rules to abstain from voting at the SGM. Except COSCO SHIPPING and COSCO SHIPPING (Hong Kong) and their respective associates, none of the Shareholders has stated their intention in the Circular to vote against the resolutions proposed or to abstain from voting at the SGM.

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The poll results in respect of the resolutions passed at the SGM were as follows:

				Number of votes and approximate
	ORDINARY RESOLUTIONS	percentage of
	total number of votes (%)
				For	Against
1.	To approve, confirm and ratify the New Master
	Supply Agreement and the Caps in relation	96,470,249	10,000
	thereto, and all transactions contemplated	(99.99%)	(0.01%)
	thereunder.
2.	To approve, confirm and ratify the New Fuel
	Oil Master Agreement and the Caps in relation	96,470,249	10,000
	thereto,	and all	transactions contemplated
	(99.99%)	(0.01%)
	thereunder.
3.	To approve, confirm and ratify the New
	Financial Services Master Agreement and the	34,493,959	61,986,290
	Caps in	relation	thereto, and all transactions
	(35.75%)	(64.25%)
	contemplated thereunder (except loan services
	contemplated thereunder).

The full text of the above resolutions is set out in the SGM Notice.

As a majority of the votes were cast in favour of each of the resolutions nos. 1. and 2. as set out in the SGM Notice, such resolutions were duly passed as ordinary resolutions of the Company. As less than 50% of the votes were cast in favour of the resolution no. 3 as set out in the SGM Notice, such resolution was not passed as an ordinary resolution.

By Order of the Board

COSCO SHIPPING International (Hong Kong) Co., Ltd.

Zhu Jianhui

Vice Chairman and Managing Director

Hong Kong, 30 December 2019

As at the date of this announcement, the Board comprises nine directors with Mr. Wang Yuhang1 (Chairman), Mr. Zhu Jianhui1 (Vice Chairman and Managing Director), Mr. Ma Jianhua2 , Mr. Feng Boming2 , Mr. Chen Dong2 , Mr. Liu Gang1 , Mr. Tsui Yiu Wa, Alec3 , Mr. Jiang, Simon X.3 , and Mr. Alexander Reid Hamilton3.

1. Executive Director
2. Non-executiveDirector
3. Independent Non-executive Director

2