COSCO SHIPPING HOLDINGS AND SIPG JOINTLY OFFER TO ACQUIRE OOIL – COMBINATION CREATES A GLOBAL LEADER

Dear Customers, On July 9,2017,COSCO SHIPPING Holdings Co. Ltd. (“COSCO SHIPPING Holdings”), a majority owned subsidiary of China COSCO SHIPPING Corporation Ltd., Shanghai International Port (Group) Co., Ltd (“SIPG”)and Orient Overseas (International) Limited (“OOIL”) jointly announced that COSCO SHIPPING Holdings and SIPG have made a pre-conditional voluntary general offer (“Offer”) to all shareholders of OOIL….