COSCO SHIPPING Holdings Co., Ltd.* 1919 5 14 183 47 1171 4 A H H H 24 H 183 17M H * ......................................................................................................................... 1 .............................................................................................................. 5 ..................................................... I-1 ........................................................ II-1 ................................................................ III-1 –i– A A A 1.00 A H H 1919 A 601919 –1– (EOE) (EVA) H H H 1.00 –2– 316 14 218,236,900 A 21,823,700 12 571 –3– A A A H A % * –4– COSCO SHIPPING Holdings Co., Ltd.* 1919 1 1 1 1 12 2 2 2 3 3 183 3 3 49 1 2 3 * I. H –5– II. 1. 2. (1) A A A (2) A 218,236,900 A A 2.25% 1.78% 21,823,700 10% 12 12 –6– A 3. (1) 10 7 2 (2) 60 (i) (a) 60 (b) 30 (c) 10 –7– (ii) (a) (b) (3) 24 (4) 24 (i) (ii) (iii) (iv) –8– 24 33% 36 36 33% 48 48 34% 84 III. –9– IV. 475 13 453 12 12 A V. VI. VII. 11 1 – 10 – 17.04(1) VI 17.04(1) VIII. 14A.92(3)(a) – 11 – 17.03(9) 1 (i) (ii) 17.03(9) 1 (i) A (ii) (iii) A H H V. IX. 183 47 1171 4 A H A H H 183 17 1712 1716 – 12 – H H H H H (www.hkexnews.hk) (www.chinacosco.com) H H H 24 H 183 17M H 13.39(4) H 13.39(5) – 13 – X. XI. 183 49 XII. – 14 – I. II. (1) (2) (i) (ii) (iii) (iv) 5% (v) (vi) (a) 12 – I-1 – (b) 12 (c) 12 (d) (e) (f) III. (1) A A A (2) A 218,236,900 A A 2.25% 1.78% 21,823,700 10% 12 12 – I-2 – A IV. (1) 10 7 2 (2) 60 (i) (a) 60 (b) 30 (c) 10 (ii) (a) (b) – I-3 – (3) 24 (4) 24 (i) 30 30 (ii) 10 (iii) (iv) – I-4 – 24 33% 36 36 33% 48 48 34% 84 (5) A (i) 25% – I-5 – (ii) 6 6 (iii) V. A 4.10 (i) 1 A 4.05 (ii) 20 A 4.02 (iii) 1 A 4.10 (iv) 30 A 3.92 (v) A 1.00 VIII. – I-6 – VI. (i) A (ii) (i) 40% (ii) (ii) 40% (ii) (iii) – I-7 – VII. (1) (i) (a) (EOE) 50 (b) 50 (c) (EVA) (ii) (a) (b) (c) 36 (d) (e) (iii) – I-8 – (2) (i) (a) (EOE) 12.15% 75 (b) 8% (c) (EVA) EVA 0 (a) (EOE) 13% 75 (b) 18% (c) (EVA) EVA 0 – I-9 – (a) (EOE) 14% 75 (b) 30% (c) (EVA) EVA 0 (ii) II. (2) VIII. (1) (i) Q Q0 (1+n) (a) Q 0 – I-10 – (b) n (c) Q (ii) Q Q0 n (a) Q 0 (b) n 1 (c) Q (iii) Q Q0 P1 (1+n)/(P 1+P 2 n) (a) Q 0 (b) P 1 (c) P 2 (d) n (e) Q (iv) – I-11 – (2) (i) P P0 (1+n) (a) P 0 (b) n (c) P (ii) P P0 n (a) P 0 (b) n (c) P (iii) P P 0 –V (a) P 0 (b) V (c) P – I-12 – (iv) P P0 (P 1+P 2 n)/(P 1 (1+n)) (a) P 0 (b) P 1 (c) P 2 (d) n (e) P (v) (3) A A – I-13 – IX. (1) (i) (a) (b) (c) (ii) (a) 12 (b) 12 (c) 12 (d) – I-14 – (e) (f) (g) (h) (i) (iii) 6 (a) (b) (c) (d) 6 (e) 3 (f) – I-15 – (iv) (a) (b) (v) (a) (b) (c) (c) (vi) (2) (i) (a) – I-16 – (b) (c) (ii) (a) (b) (c) (d) X. (1) – I-17 – (i) (ii) (2) 10 XI. (1) 11 22 – I-18 – Black-Scholes 2.38 218,236,900 519,403,822 A 5.10 A 4.10 3.83 2.93% 3.83 46.67% 0% (1) 1. 2. (2) 519,403,822 – I-19 – 186,785,789 187,297,530 101,201,397 44,119,106 0.21% 0.21% 0.11% 0.05% 19.66% 19.71% 10.65% 4.64% XII. 475 13 453 – I-20 – (1) A A A 1 936,000 0.43% 0.010% 0.008% 2 754,000 0.35% 0.008% 0.006% 3 754,000 0.35% 0.008% 0.006% 4 754,000 0.35% 0.008% 0.006% 5 754,000 0.35% 0.008% 0.006% 6 754,000 0.35% 0.008% 0.006% 7 754,000 0.35% 0.008% 0.006% 8 573,000 0.26% 0.006% 0.005% 9 573,000 0.26% 0.006% 0.005% – I-21 – (2) A A A (1) 9 734,000 6,606,000 3.03% 0.07% 0.05% 13 782,000 10,166,000 4.66% 0.11% 0.08% 453 396,559 179,641,200 82.31% 1.86% 1.47% 475 413,501 196,413,200 90.00% 2.03% 1.60% (2) 21,823,700 10.00% 0.23% 0.18% 218,236,900 100.00% 2.25% 1.78% (1) (2) 12 – I-22 – [2006]175 [2008]171 – II-1 – 1. (1) (EOE) 50 50 (EVA) – II-2 – (2) (EOE) 75 (EOE) 12.15% (EOE) (EOE) 13% 14% 75 8% 18% 30% (EVA) (EVA) (EVA) (EVA) EVA 0 EVA 0 EVA 0 – II-3 – ( EVA) (EOE) (EVA) (EOE) (EVA) (EOE) (EVA) 2. 1 MAERSK-A/B.CO 2 HLAG.DE 3 9104.TO 4 9107.TO 5 2603.TW 6 011200.KS 7 2609.TW 8 0368.HK 9 2343.HK 10 1145.HK 11 0137.HK 12 0560.HK 13 0598.HK 14 SB.N SAFEBULKERS – II-4 – 3. (1) (2) (3) 4 – II-5 – 1. 2. 3. 1. 100% 0% 2. 1. – II-6 – 2. 15 3. (1) (2) 1. 2. 3. – II-7 – – III-1 – (1) (2) (3) (4) – III-2 – 1. 2. 3. 4. 1. 2. 3. 4. 5. 6. – III-3 – 7. 8. 9. 10. 1. 2. 3. 4. 5. 1. – III-4 – 2. 6 – III-5 – 2 10 5 2/3 – III-6 – 3 – III-7 – – III-8 – 1. 2. – III-9 – – III-10 –