COSCO (H.K.) GROUP

Sinfeng Marine Services Pte Ltd. ("Sinfeng Marine") was incorporated in Singapore and has become a wholly-owned subsidiary of COSCO International since November 2009. It is mainly engaged in the provision of marine fuel and related services including marine bunker supplies, trading of oil and oil related products and broker services for the clients who are not members of the COSCO Group. With its office located in Singapore, it has established extensive and good business partnership with renowned oil companies, shipping companies and ship owners around the world, of which most of them have representative offices in the region. Its business network mainly covers ports in Singapore and Malaysia, as well as other major ports in the Far East areas like Hong Kong, Shanghai and Qingdao, and from time to time other main ports globally. Capitalising on its strong financial position, wide business network and extensive management experience, Sinfeng Marine is one of the strategic arms of COSCO International's expansion into the marine bunker supply services and will be one of the key revenue drivers to COSCO International.