The board of directors of Cosco Shipping Development Co LTD has agreed to develop the company's Hong Kong subsidiary, Cosco Shipping Development Co LTD said in a statement(Hong Kong)Limited company capital increase in cash20One hundred million yuan. The board of directors of Cosco Shipping Development Co LTD has agreed to develop the company's Hong Kong subsidiary, Cosco Shipping Development Co LTD said in a statement(Hong Kong)Limited company capital increase in cash20One hundred million yuan. Cosco Shipping Development Co., Ltd. is a subsidiary company of China Cosco Shipping Group Co., Ltd. specializing in integrated supply chain financial services. It is a company listed in Hong Kong and Shanghai.

This capital increase is based on the company's development planning.Will further promote the company's container leasing business and other sustainable and stable development, expand the scale of business,It is in line with the company's overall development strategy, conducive to meeting the financial needs required by the development of COSCO's Hong Kong business and further expanding overseas markets.There is no harm to the interests of the company and shareholders.

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