COSCO SHIPPING Ports : DISCLOSEABLE TRANSACTION - DISPOSAL OF INTERESTS IN TIANJIN EUROASIA TERMINAL

About this update from Cosco Shipping Ports Limited

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: 1199) DISCLOSEABLE TRANSACTION DISPOSAL OF INTERESTS IN TIANJIN EUROASIA TERMINAL TIANJIN EUROASIA EQUITY TRANSFER AGREEMENT The Board is pleased to announce that on 28 April 2021, the Company (as seller), and Tianjin Port Holdings entered into the Tianjin Euroasia Equity Transfer Agreement in relation to the disposal of the entire 30% equity interests in Tianjin Euroasia Terminal (via the disposal of 100% equity interests in COSCO SHIPPING Ports (Tianjin Euroasia) (a wholly-owned subsidiary of the Company)) held by the Company. As at the date of this announcement, COSCO SHIPPING Ports (Tianjin Euroasia) (a wholly- owned subsidiary of the Company) holds 30% of the equity interests in Tianjin Euroasia Terminal. Upon completion of the Disposal, COSCO SHIPPING Ports (Tianjin Euroasia) will cease to be a subsidiary of the Company and Tianjin Euroasia Terminal will cease to be a joint venture of the Company. IMPLICATIONS UNDER THE LISTING RULES As set out in the announcement of the Company dated 26 February 2021, the Acquisition and the Disposal are inter-conditional upon each other. Therefore, the Acquisition and the Disposal will be classified by reference to the larger of the applicable percentage ratios (as defined under the Listing Rules) of the Acquisition and the Disposal. The highest of the applicable percentage ratios in respect of the Acquisition exceeds 5% but is lower than 25%. All the applicable percentage ratios in respect of the Disposal is lower than 5%. Accordingly, the Disposal constitutes a discloseable transaction of the Company, which is subject to the reporting and disclosure requirements under Chapter 14 of the Listing Rules. As the Disposal is subject to the satisfaction or waiver of the conditions precedent, the Disposal may or may not proceed. Shareholders and potential investors should exercise caution when dealing in the securities of the Company. INTRODUCTION Reference is made to the announcement of the Compa...

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