Cosco Shipping Development Company Limited(601866) independent director
Special instructions and independent opinions on the company’s guarantee
As an independent director of the company, in accordance with the requirements of the guidelines for the supervision of listed companies No. 8 – regulatory requirements for capital transactions and external guarantees of Listed Companies [CSRC announcement [2022] No. 26] and the rules for independent directors of Listed Companies [CSRC announcement [2022] No. 14] issued by the CSRC, we have verified the guarantee of the company as of December 31, 2021 and issued the following special instructions and independent opinions:
1. During the reporting period, the company did not provide guarantees for controlling shareholders, any unincorporated units or individuals.
2. As of December 31, 2021, the company’s external guarantee balance was equivalent to RMB 29869876300, accounting for 91.38% of the company’s latest audited net assets, including USD 1885550000 for COSCO Shipping Development (Hong Kong) Co., Ltd. and USD 6617300 for Dongfang Fuli International Co., Ltd, It provided a guarantee of US $47.125 million for Oriental fleet pump 01 limited, US $44 million for Florens maritimelimited, US $100 million for Florens container investment (SPV) Limited and RMB 315.38 million for COSCO Shipping Leasing Co., Ltd, Provided 1079901 million yuan guarantee for Cosco Shipping Development Company Limited(601866) (Tianjin) Leasing Co., Ltd., 90 million yuan guarantee for Haihui commercial factoring (Tianjin) Co., Ltd., 150 million yuan guarantee for Shanghai Huanyu logistics equipment Co., Ltd., and 170 million US dollars guarantee for COSCO Shipping Development (Hong Kong) Co., Ltd. by CNOOC Investment Co., Ltd, COSCO Shipping Leasing Co., Ltd. was provided with a guarantee of 98 million yuan, Dongfang Fuli International Co., Ltd., a subsidiary of the company, provided a guarantee of 750938 million US dollars for Dongfang Fuli lng01 Co., Ltd., Florence International Co., Ltd., a subsidiary of the company, provided a guarantee of 200 million US dollars for Florence Maritime Limited, and 50 million US dollars for Florence container investment (SPV) Limited, without overdue guarantee.
The stock guarantee of COSCO leasing and COSCO Shipping Leasing Co., Ltd. will not be replaced by the stock guarantee of COSCO Shipping Leasing Co., Ltd. 12 months before COSCO Shipping Leasing Co., Ltd. is introduced into COSCO Shipping Leasing Co., Ltd. according to the strategic disposal commitment, and the stock guarantee of COSCO Shipping Leasing Co., Ltd. will not be introduced into COSCO Shipping Leasing Co., Ltd. according to COSCO Shipping Leasing Co., Ltd.
We believe that in 2021, the company handled the management of external guarantee in strict accordance with the requirements of relevant documents and the articles of association, and the decision-making procedures and information disclosure of external guarantee comply with relevant regulations. As of December 31, 2021, the company has not provided guarantees for controlling shareholders or other related parties. The guarantees provided by the company are based on the needs of the company’s daily production and operation, which is conducive to promoting the development of the company’s main business and does not damage the interests of the company and shareholders.
Cosco Shipping Development Company Limited(601866) independent directors Cai Hongping, Lu Jianzhong, Zhang Weihua and Shao Ruiqing March 30, 2022
