On October 23, COSCO Haikong announced the announcement of major asset restructuring progress. As of now, the company intends to jointly through the overseas wholly owned subsidiary Faulkner Global Holdings Limited and the joint offerer Shanghai Port Group BVI Development Co., Ltd. to jointly list the company to the Hong Kong Stock Exchange in the East The waiting period applicable to the US antitrust review under the provisions of the revised 1976 Hart-Scott-Rodino Antitrust Improvements Act of the Overseas (International) Ltd. Any delay has already expired, and this tender offer has completed the US anti-monopoly review.

This tender offer will only be made if the conditions precedent are satisfied or exempted (if applicable). As of the disclosure date of this announcement, this tender offer still needs to pass the anti-monopoly review of the Ministry of Commerce of the People's Republic of China and the European Union, and needs to be registered by the National Development and Reform Commission to meet the preconditions for the tender offer. Follow-up company will continue to promote the relevant approval work.

On October 16, 2017, the company held the second extraordinary general meeting of 2017 to consider and approve the "Proposal on the Company's Offer to Acquire Orient Overseas International Plan" and "About the COSCO Marine Logistics Holding Co., Ltd. Major Asset Purchase Report (Draft). And its summary of motions, etc., related to this major asset reorganization.