Core Viewpoint - The company plans to engage in currency-related financial derivative activities to manage interest rate and exchange rate risks, with a focus on maintaining a neutral risk management principle [1] Group 1: Financial Derivative Activities - The company’s subsidiary intends to conduct financial derivative transactions, including interest rate swaps and foreign exchange forwards [1] - The planned transaction volume for the year 2026 is set at USD 2.3 billion and CNY 1.8 billion [1] - The activities will be limited to the specified transaction amounts and will not involve margin or premium payments [1] Group 2: Timeline - The duration for the aforementioned financial derivative activities is from February 13, 2026, to December 31, 2026 [1]

Group 1 - The core point of the announcement is the resolutions passed during the 34th meeting of the 7th Board of Directors of China COSCO Shipping Development Co., Ltd., which includes the approval of the 2026 investment and asset disposal plan, and the approval for subsidiaries to engage in currency financial derivatives business [3][5][8]. Group 2 - The meeting was held on February 13, 2026, with all 8 directors present, and all resolutions were passed unanimously [2][4][7]. - The approved investment and asset disposal plan for 2026 was discussed and unanimously agreed upon by the Board [3]. - The Board approved a currency financial derivatives trading limit for subsidiaries, set at USD 2.3 billion and CNY 1.8 billion for the year 2026, with the trading period from February 13, 2026, to December 31, 2026 [5][16][18]. - The Board also approved the addition of a new member to the Investment Strategy Committee, effective immediately [6][7]. - A major operational risk assessment report for 2026 was approved by the Board [8][10]. - The Board agreed to revise the company's external donation management measures, with the previous regulations being abolished [11]. - The total salary budget for 2025 was also approved unanimously by the Board [12][13]. Group 3 - The currency financial derivatives business aims to manage interest rate and exchange rate risks, with specific trading instruments including interest rate swaps and foreign exchange forwards [16][17]. - The trading limit includes USD 1.5 billion for foreign exchange forwards and CNY 1.8 billion for interest rate swaps, with no margin or premium involved [18][19]. - The funding for these transactions will come from the company's own funds, not from raised capital [19]. - Transactions will be conducted in domestic or foreign markets through over-the-counter trading [20][21]. - The company has established risk control measures to mitigate market, performance, legal, and foreign transaction risks associated with the derivatives business [25][26].