On August 26, 2016, COSCO Pacific Limited held the Renaming Ceremony and Project Promotion Conference, during which it officially changed its name to COSCO SHIPPING Ports Limited.

COSCO SHIPPING Ports enlightens the future

At this event, customer representatives from global shipping companies and port groups as well as media friends witnessed the release of the new image of COSCO SHIPPING Ports. Mr. Cao Liqiang, District Governor of the Hongkou People’s Government, Mr. Xu Lirong, Chairman of China COSCO Shipping Corporation Limited (China COSCO Shipping or the Group), Mr. Wan Min, President of China COSCO Shipping and Mr. Zhang Wei, Vice Chairman and Managing Director of COSCO SHIPPING Ports jointly unveiled its new name and light up its new logo “The Ports For ALL”.

This renaming effort is intended to leverage the advantages from the consolidation and set clearer strategic goals for COSCO SHIPPING Ports, which will be transformed into a specialized port and terminal operator.

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Address by Mr. Wan Min, President of China COSCO Shipping

 In his speech, President of China COSCO Shipping Mr. Wan Min indicated that as the basic points and strategic pillars in the Group’s global network, ports have developed a favorable pattern of mutual promotion and coordinated development with shipping, logistics and relevant businesses along the upstream and downstream in the industrial chain. China COSCO Shipping will strive to be a global leader driven by dual wheels – ports and shipping. Serving as a pioneering platform for implementing the Group’s globalization strategy, COSCO SHIPPING Ports shall develop a new strategy of expanding its global footprint, a new model of building integrated solutions for the industrial chain, a new path of stepping up international cooperation, and new value from sustained focus on customers.

Address by Mr. Huang Xiaowen, Board Chairman of COSCO SHIPPING Ports

Mr. Fang Meng, Deputy Managing Director of COSCO SHIPPING Ports, presiding over the cooperation conference

Mr. Zhang Wei, Vice Chairman and Managing Director of COSCO SHIPPING Ports, delivering a speech titled The Ports For ALL to global partners

Mr. Zhang Wei, Vice Chairman and Managing Director of COSCO SHIPPING Ports, delivered an English speech titled The Ports For ALL to global partners, so as to convey the company’s determination and commitment to “be a practitioner of reform”, “create added value” and “believe in integration and sharing” in times of change. He pointed out that, relying on the unique advantage of the world’s No. 1 integrated shipping line, No. 4 container fleet and the Ocean Alliance, COSCO SHIPPING Ports will sharpen its overall competitiveness through reform, set eyes on both domestic and overseas markets, and actively seek cooperation with all stakeholders to build strategic pivotal ports and important gateway ports. In addition, it will enhance the strategic synergy between shipping and ports in an effort to become a comprehensive container service platform encompassing terminals, logistics and shipping.

Zhang Wei underscored in his speech that COSCO SHIPPING Ports will reinforce its ability in controlling existing ports and those to be invested, highlight its globalization strategy, and build strategic pivotal ports around the globe to further consolidate its position as a world-leading professional operator.

At the Project Promotion Conference, COSCO SHIPPING Ports successively signed a strategic cooperation agreement with CCCC Water Transportation Consultants Co., Ltd., a strategic cooperation framework agreement with Ningbo Port Group Co., Ltd. and Qingdao Port International Co., Ltd., and an MOU on Global Strategic Collaboration with China COSCO Shipping Container

Lines Co., Ltd. affiliated to the Group.

COSCO SHIPPING Ports signing a strategic cooperation agreement with CCCC Water Transportation Consultants Co., Ltd.

COSCO SHIPPING Ports signing a strategic cooperation framework agreement with Ningbo Port Group Co., Ltd.

COSCO SHIPPING Ports signing a strategic cooperation framework agreement with Qingdao Port International Co., Ltd.

COSCO SHIPPING Ports signing an MOU on Global Strategic Collaboration with China COSCO Shipping Container Lines Co., Ltd.