China Ocean Shipping (Group) Company (“COSCO”), the substantial shareholder of COSCO International, bought an aggregate of 414,000 ordinary shares of the Company in the open market on 30th August 2012 at an average price of HK$3.0147 per share, through its wholly-owned subsidiary of True Smart International Limited as shown in the Shareholding Disclosures on the website of the Stock Exchange of Hong Kong (“SEHK”). After the increase in its shareholding, COSCO holds 923,560,286 ordinary shares of the Company, representing approximately 61.01% of the Company’s total issued share capital, the ocean carrier press release said.

COSCO’s last increase of its stake in COSCO International shown in the Shareholding Disclosures on the website of the SEHK was on 26th October 2011, when its share of interest reached 60.01%. From then to 30th August 2012, COSCO raised a total of 15,102,000 ordinary shares of the Company in the open market to show confidence in the value and prospects of the Company.

As of 30th June 2012, the net asset value per share and net cash per share of the Company was HK$4.76 and HK$3.64 respectively.