The Board of Directors (the "Board") of COSCO SHIPPING International (Singapore) Co., Ltd. announce that the Company has now obtained a partial temporary occupation permit from the Building and Construction Authority for the first to third stories of the Facility. In the meantime, construction of the other parts of the Facility has resumed albeit on a gradual and partial basis as the contractor strives to abide by strict safe management guidelines at the worksites due to the COVID-19 pandemic.