(Stock Code: 1199) (Incorporated in Bermuda with limited liability) NOTIFICATION LETTER 18 September 2025 Dear Non-registered Holder(s)(1), COSCO SHIPPING Ports Limited (the "Company") – Notice of Publication of Circular, Notice of Special General Meeting and Proxy Form ("Current Corporate Communications") The English and Chinese versions of the Current Corporate Communications of the Company are available on the Company's website (https://ports.coscoshipping.com) under the "Investors – Announcements & Circ ...

(Stock Code: 1199) (Incorporated in Bermuda with limited liability) NOTIFICATION LETTER 18 September 2025 Dear Shareholder(s), COSCO SHIPPING Ports Limited (the "Company") – Notice of Publication of Circular, Notice of Special General Meeting and Proxy Form ("Current Corporate Communications") The English and Chinese versions of the Current Corporate Communications of the Company are available on Company's website (https://ports.coscoshipping.com) under the "Investors – Announcements & Circulars" section an ...

( 於百慕達註冊成立之有限公司 ) (股份代號：1199) 閣下可以隨時透過股份過戶登記分處預先給予本公司不少於五個工作日(首尾兩天不包括在內)的書面通 知，或電郵至coscoshipport-ecom@vistra.com作出通知，以更改公司通訊的語言版本及/或收取方式的選 擇。選擇以電子方式收取(或被視為已同意以電子方式收取)所有日後公司通訊(即網站版本)的股東，如 因任何理由以致收取或讀取公司通訊的網站版本時出現困難，只需立即以書面方式或電郵提出要求， 均可獲免費發送公司通訊的印刷本。 請注意：(a) 閣下可提出要求向本公司或股份過戶登記分處索取所有日後公司通訊的英文及/或中文印 刷本；而(b)所有日後公司通訊的英文及中文網站版本亦會在本公司網站(https://ports.coscoshipping.com) 及香港交易所披露易網站(www.hkexnews.hk)登載。 選 擇 公 司 通 訊 之 語 言 版 本 及 收 取 方 式 各位股東： 選擇公司通訊之語言版本及收取方式 根據香港聯合交易所有限公司證劵上市規則，本公司現向 閣下提供若干方案，以供選擇按下列方式 收取本公司日後的公司通訊(「公司 ...

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香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 （於百慕達註冊成立之有限公司） （股份代號：1199） 股東特別大會通告 (c) 授權本公司董事代表本公司（其 中 包 括）簽 署、訂 立 及 交 付，或 授 權 簽 署、 訂立及交付所有有關文件和作出彼等可能全權酌情認為為使新金融財務 服 務 協 議，其 項 下 的 存 款 交 易 及 建 議 存 款 交 易 上 限 得 以 執 行 及╱或 生 效 或 另 行 就 此 而 言 屬 必 要、權 宜 或 適 宜 及 符 合 本 公 司 利 益 的 一 切 事 宜。」 承董事會命 中遠海運港口有限公司 總 法 律 顧 問、董 事 會 秘 書 洪 雯 香 港，2025年9月18日 註 冊 辦 事 處： 茲通告 中遠海運港口有限公 ...

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Core Viewpoint - Citigroup's research report indicates that China Merchants Port's stock price has increased by 36% over the past 12 months, suggesting that the risk-reward balance is becoming more even [1] Group 1: Stock Performance - China Merchants Port's stock price has risen by 36% in the last year [1] Group 2: Rating and Target Price - Citigroup has downgraded the rating of China Merchants Port from "Buy" to "Neutral" [1] - The target price for China Merchants Port has been raised from HKD 5 to HKD 5.51 [1] Group 3: Market Considerations - The report expresses caution regarding the narrowing of profit margins to approximately 6 percentage points below pre-pandemic levels due to tariff differences and negative demand from shipping companies this year [1]

Core Viewpoint - Goldman Sachs has raised the net profit forecasts for China Merchants Port (00144) and COSCO Shipping Ports (01199) for 2025 to 2027 by 2% to 6% [1] Company Summaries - COSCO Shipping Ports is favored due to strong performance at its European terminals and improved performance at Qianhai Port, with a projected dividend yield of 5% in 2025 and a target price increase from HKD 5.3 to HKD 6, rated as "Buy" [1] - China Merchants Port's target price has been raised from HKD 13.1 to HKD 14.2, rated as "Neutral" [1] Industry Insights - Despite increased US tariffs and trade uncertainties, the container throughput at mainland ports grew by 7% year-on-year in the first half of the year [1] - Future growth projections indicate year-on-year increases of 4.6%, 2.7%, and 2.5% for 2025, 2026, and 2027 respectively, suggesting a slowdown to 2% growth in the second half of 2025 [1] - China Merchants Port anticipates a 2% price increase in contract negotiations for 2026, while other operators expect no further price hikes beyond inflation adjustments [1] - Both China Merchants Port and COSCO Shipping Ports are optimistic about contract price growth for overseas terminals due to faster throughput growth and rising costs [1]

Core Viewpoint - Goldman Sachs has raised the net profit forecasts for China Merchants Port (00144) and COSCO Shipping Ports (01199) for 2025 to 2027 by 2% to 6% [1] Group 1: Company Analysis - COSCO Shipping Ports is favored due to strong performance at its European terminals and improved performance at Qianhai Port, with a projected dividend yield of 5% in 2025 and a target price increase from HKD 5.3 to HKD 6, rated as "Buy" [1] - China Merchants Port's target price has been raised from HKD 13.1 to HKD 14.2, rated as "Neutral" [1] Group 2: Industry Outlook - Despite the backdrop of increased U.S. tariffs and trade uncertainties, the container throughput at mainland ports grew by 7% year-on-year in the first half of the year [1] - Future growth projections indicate year-on-year increases of 4.6%, 2.7%, and 2.5% for 2025, 2026, and 2027 respectively, suggesting a slowdown to 2% growth in the second half of 2025 [1] - China Merchants Port anticipates a 2% price increase in contract negotiations for 2026, while other operators expect no further price hikes beyond inflation adjustments [1] - Both China Merchants Port and COSCO Shipping Ports are optimistic about contract price growth for overseas terminals due to faster throughput growth and rising costs [1]

Core Viewpoint - Despite the increase in US tariffs and trade uncertainties, the container throughput at mainland ports grew by 7% year-on-year in the first half of the year [1] Group 1: Future Growth Projections - Goldman Sachs forecasts annual growth rates for container throughput of 4.6%, 2.7%, and 2.5% for the years 2025, 2026, and 2027 respectively, indicating a slowdown to 2% in the second half of 2025 [1] Group 2: Pricing and Contract Negotiations - China Merchants Port aims to increase contract prices by 2% in negotiations for 2026, while other operators expect no further price hikes beyond inflation adjustments [1] - Both China Merchants Port and COSCO Shipping Ports are optimistic about contract price growth for overseas terminals due to faster throughput growth and rising costs [1] Group 3: Profit Forecasts and Stock Ratings - Goldman Sachs raised net profit forecasts for China Merchants Port and COSCO Shipping Ports by 2% to 6% for the years 2025 to 2027 [1] - COSCO Shipping Ports is favored due to strong performance at European terminals and improved performance at Qianhai Port, with an expected dividend yield of 5% in 2025; target price increased from HKD 5.3 to HKD 6, rated "Buy" [1] - Target price for China Merchants Port increased from HKD 13.1 to HKD 14.2, rated "Neutral" [1]