COSCO International Holdings Limited (“COSCO International” or the “Company”) and its subsidiaries are principally engaged in the provision of shipping services, which include ship trading agency services, marine insurance brokerage services, supply of marine equipment and spare parts, production and sales of coatings products and trading and supply of marine fuel and related products. Other business operation is general trading. The shares of COSCO International have been listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) since February 1992 under the stock code of 00517. The Company has become a subsidiary of COSCO (Hong Kong) Group Limited (“COSCO Hong Kong”) since July 1997 and was renamed to its present name. COSCO Hong Kong is a wholly-owned subsidiary of China Ocean Shipping (Group) Company (“COSCO”). As of 31st December 2009, the total asset value and net asset value of the Group was about HK$7.5 billion and HK$6.4 billion respectively, and the total number of shares in issue was approximately 1.51 billion. COSCO and its subsidiaries (“COSCO Group”), a multinational diversified conglomerate,are engaged mainly in the provision of shipping, logistics and shipbuilding and ship repairing businesses with a leading position in the world. COSCO Group is engaged in the provision of quality services in shipping, logistics and shipbuilding and ship repairing, as well as other ship related business.