The board of directors of COSCO SHIPPING Holdings Co., Ltd. informed the shareholders of the company (the "Shareholders") and potential investors that the Group is expected to record a net profit attributable to the Shareholders for the three months ended 31 March 2021 (the "Reporting Period") of approximately RMB 15,450 million, as compared to that of approximately RMB 292 million for the three months ended 31 March 2020; and the Group is expected to record a net profit (after deducting non-recurring profit and loss) attributable to the Shareholders for the Reporting Period of approximately RMB 15,406 million, as compared to that of approximately RMB 76 million for the three months ended 31 March 2020.