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HK Bourse: Announcement From China Shipping Development Co. Ltd.

10 Oct 2017 11:59 am
 
    Following is the related link: 
http://www.hkexnews.hk/listedco/listconews/sehk/2017/1010/LTN20171010608.pdf 
 
 
 
   VOTING RESULTS OF THE EXTRAORDINARY GENERAL MEETING 
                            AND 
              CHANGE OF EXECUTIVE DIRECTOR 
 
 The Board is pleased to announce the voting results of the EGM held on 10 October 
 2017. 
 
 The Board is also pleased to announce that the appointment of Mr. Huang Xiaowen 
 as an executive Director of the Company has been approved by the Shareholders 
 at the EGM. Mr. Huang is also appointed as the chairman of the Company and the 
 Strategy Committee of the Board following the resignation of Mr. Sun Jiakang 
 from such positions and as executive Director with effect from 10 October 2017. 
 
Reference is made to the notice of extraordinary general meeting and circular of 
COSCO SHIPPING Energy Transportation Co., Ltd. (the "Company" and together 
with its subsidiaries, the "Group") dated 25 August 2017 (the "Circular"), 
containing details of the resolution tabled before the extraordinary general meeting 
of the Company for Shareholders' approval. Unless otherwise specified herein, 
capitalised terms used in this announcement shall have the same meanings as those 
defined in the Circular. 
 
 
 
 
                                             --1-- 
The Board is pleased to announce the voting results of the extraordinary general 
meeting (the "EGM") of the Company which was held on Tuesday, 10 October 2017, 
at 3rd Floor, Ocean Hotel, No. 1171 Dong Da Ming Road, Hongkou District, 
Shanghai, the People's Republic of China as follows: 
 
                                                                                                                                         Total 
                                                                                                                                      Number of 
                                                                                                                                      Votes Held 
                                                                               Number of Votes 
                                                                                                                                          by 
                                                  For         Percentage    Against        Percentage    Abstain       Percentage 
                                                                                                                                     Shareholders 
                                                                 (%)                          (%)                         (%) 
                                                                                                                                         Who 
                                                                                                                                       Attended 
            Ordinary Resolution                                                                                                        the EGM 
1.   To approve the appointment of A Shares   1,537,671,254      100.0000             15        0.0000         100          0.0000 1,974,822,006 
     Mr. Huang Xiaowen () as H Shares                                                                                              100.0000% 
                                               421,613,357        96.4458   15,537,280          3.5542             0        0.0000 
     an executive director of the 
                                   Total      1,959,284,611       99.2132   15,537,295          0.7868         100          0.0000 
     Company and the terms of his 
     appointment 
 
 
As more than 50% of the votes were cast in favor of the above ordinary resolution, 
the above ordinary resolution was duly passed at the EGM. 
 
APPOINTMENT OF EXECUTIVE DIRECTOR 
 
As per the voting results above, the appointment of Mr. Huang Xiaowen () 
("Mr. Huang") as an executive Director has been approved by the Shareholders at the 
EGM. Mr. Huang's appointment took effect immediately after the EGM. The 
particulars of Mr. Huang which are required to be disclosed by the Listing Rules are 
set out below. 
 
Mr. Huang 
 
Mr. Huang Xiaowen, born in May 1962 and aged 55, is a senior engineer. Upon 
completion of the EGM, Mr. Huang became an executive Director and the chairman 
of the Company and the Strategy Committee of the Board. He is also an Executive 
Vice President and Party Committee Member of China COSCO Shipping Corporation 
Limited (), the vice chairman and an executive director 
of COSCO SHIPPING Holdings Co., Ltd. (a company listed on the Shanghai Stock 
Exchange (stock code: 601919) and the Hong Kong Stock Exchange (stock code: 
1919)) and the chairman and non-executive director of COSCO SHIPPING Ports 
Limited (a company listed on the Hong Kong Stock Exchange (stock code: 1199)). 
 
Mr. Huang started his shipping career in July 1981, and was the Manager of 
Container Shipping Section of Guangzhou Ocean Shipping Company, Deputy 
General Manager and General Manager of Container Transportation Department of 
China Ocean Shipping Company, Container Business Adviser to Shanghai Haixing 
Shipping Company, Deputy Managing Director, Managing Director and the vice party 
secretary, vice chairman and executive director of COSCO SHIPPING Development 
 
 
                                                                --2-- 
Co., Ltd. (previously known as China Shipping Container Lines Co Ltd.) (a company 
listed on the Hong Kong Stock Exchange (stock code: 2866) and the Shanghai Stock 
Exchange (stock code: 601866)) and the chairman of China Shipping Haisheng Co., 
Ltd. (a company listed on the Shanghai Stock Exchange (stock code: 600896)). He 
was appointed as Executive Vice President of China Shipping (Group) Company in 
May 2012. Mr. Huang has more than 30 years of experience in the shipping industry. 
Mr. Huang graduated from China Europe International Business School in September 
2010, majored in Business Administration, and obtained the EMBA Degree. Mr. 
Huang was an executive Director from May 2013 to September 2016. 
 
Mr. Huang has entered into a service contract with the Company for his appointment 
as an executive Director for a term from the date of the EGM up to and including 17 
June 2018 (or the date of the Company's annual general meeting in 2018, whichever 
is earlier). Pursuant to such service contract, Mr. Huang will not receive any 
remuneration from the Group as a Director. Such service contract may be terminated 
by either party giving at least three months' prior notice in writing. 
 
As at the date of this announcement and save as disclosed above, Mr. Huang does not 
hold any other position with the Company or other members of the Group. Save as 
disclosed above, Mr. Huang does not and has not, in the past three years, held any 
directorships in any other public companies the securities of which are listed on any 
securities market in Hong Kong or overseas. Save as disclosed herein, Mr. Huang 
does not have any relationship with any Director, member of senior management or 
substantial or controlling Shareholder of the Company. As at the date of this 
announcement, Mr. Huang does not have any interest in the shares of the Company 
within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 
of the Laws of Hong Kong). 
 
As at the date of this announcement and save as disclosed above, there is no other 
information relating to Mr. Huang's appointment as an executive Director which is 
required to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules. 
Save as disclosed above, there is also no other matter which needs to be brought to 
the attention of the Shareholders in respect of Mr. Huang's appointment as an 
executive Director. 
 
Notes: 
 
(1)   The total number of shares entitling the holder to attend and vote at the EGM is 4,032,032,861, 
      the total number of H Shares entitling the holder to attend and vote on the same is 1,296,000,000, 
      and the total number of A Shares entitling the holder to attend and vote on the same is 
      2,736,032,861. 
 
 
                                               --3-- 
(2)   Hong Kong Registrars Limited, the H share Registrar and Transfer Office of the Company, acted 
      as the scrutineer who, based on the H share poll voting forms collected by the Company, 
      performed calculation on the H share poll voting results. 
 
(3)   There was no share entitling any shareholder to attend and abstain from voting in favour of the 
      resolution at the EGM as set out in Rule 13.40 of the Listing Rules and there was no shareholder 
      required under the Listing Rules to abstain from voting at the EGM. No other party had stated 
      its intention in the Circular to vote against any resolution or to abstain and therefore none have 
      done so at the EGM. 
 
RESIGNATION OF EXECUTIVE DIRECTOR AND CHAIRMAN OF THE 
COMPANY AND STRATEGY COMMITTEE 
 
The Board further announces that Mr. Sun Jiakang () ("Mr. Sun") has 
tendered his resignation as an executive Director and the chairman of the Company 
and the Strategy Committee of the Board with effect from 10 October 2017 to focus 
on his role and responsibilities within China COSCO Shipping Corporation Limited, 
the indirect controlling shareholder of the Company. 
 
Mr. Sun has confirmed that he has no disagreement with the Board and there is no 
matter relating to his resignation that needs to be brought to the attention of the 
Shareholders. 
 
The Board would like to take this opportunity to express its gratitude and 
appreciation to Mr. Sun for his valuable contributions to the Company as Director 
during his term of office. 
 
 
 
 
 

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October 10, 2017 07:59 ET (11:59 GMT)
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