COSCO SHIPPING Energy Transportation to Vote on RMB1.59 B Connected Acquisition, RMB0.38 Dividend and 20% Share Issue Mandate

Bulletin Express06-02

COSCO SHIPPING Energy Transportation will convene its annual general meeting on 26 June 2026 in Shanghai. Shareholders will be asked to approve eight key resolutions, the most material of which are summarised below.

Dividend and Shareholder Register • Board proposes a final cash dividend of RMB0.38 per share, totalling RMB2.08 billion. • H-share register closes 21–24 July 2026; eligible investors will receive payment on or before 28 August 2026.

Connected Acquisition • Wholly owned subsidiary Dalian COSCO Energy intends to acquire 100% of COSCO SHIPPING Investment Dalian from parent COSCO SHIPPING for RMB1.59 billion in cash. • Consideration equals the appraised net asset value of the target as at 31 December 2025. • Two VLGCs scheduled for 2026 delivery and two for 2027, plus a hazardous-chemical logistics park, will enter the listed group upon completion. • Transaction is classified as a discloseable and connected deal; COSCO SHIPPING and associates (46.90% shareholding) will abstain from voting.

Post-Acquisition Restructuring • After completion, Dalian COSCO Energy will merge with the target company, absorbing all assets and liabilities.

Capital Management • Board seeks a 12-month general mandate to issue up to 20% of each class of existing A and H shares, including any convertible securities. • Re-appointment of ShineWing CPA as both domestic and overseas auditor with combined fees of RMB5.48 million.

Corporate Governance • Election of three new independent non-executive directors: Li Kin Fai, Chen Gang and Cheng Yan. • Adoption of a revised remuneration management system for directors and senior management. • Authority to provide guarantees of up to US$0.70 billion for six wholly owned subsidiaries’ financing needs.

Key Dates • AGM record date: 26 June 2026 (H-share register closes 23–26 June). • Proxy deadline: 25 June 2026, 2:00 p.m.

If all resolutions pass, the acquisition and dividend distribution will be executed according to the disclosed timetable, further integrating COSCO SHIPPING Group’s LPG and logistics assets into the listed vehicle while preserving balance-sheet flexibility through the new share issuance mandate.

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