Orient Overseas (International) Limited and China COSCO SHIPPING entered into the New Business Master Agreement. Reference is made to the announcements dated 24 July 2018, 26 March 2019 and 28 August 2019 in relation to the continuing connected transactions between OOIL Group and COSCO SHIPPING Group under the Existing Business Master Agreement, the Existing Bunker Master Agreement, the Existing Terminal Master Agreement and the Existing Equipment Procurement Master Agreement (the Existing Master Agreements). The Existing Master Agreements will expire on 31 December 2019. On 30 October 2019, the Company and China COSCO SHIPPING entered into the New Business Master Agreement, the New Bunker Master Agreement, the New Terminal Master Agreement and the New Equipment Procurement Master Agreement for a further term of three years commencing from 1 January 2020 and ending on 31 December 2022.