China Shipping Development Co. Ltd., Special/Extraordinary Shareholders Meeting, Dec 22, 2009, at 14:00 CCT - China Coast, USSR Zone 7. Location: 687 Dong Da Ming Road, Shanghai, China. Agenda: To approve the new services agreement for the supply of shipping materials and services to the company for a term of three years commencing from 1 January 2010 and ending on 31 December 2012; and to approve the financial services framework agreement.

China Shipping Development Co. Ltd. reported earnings results for the third quarter and nine months ended September 2009. The company reported net profit plunged to RMB 292.03 million in the third quarter of this year, down 81% from RMB 1.54 billion a year earlier, with earnings per share declining to RMB 0.086. It is mainly attributed the profit decline to the weary demand due to the global financial crisis. The company's revenue dived to RMB 2.36 billion in the third quarter, down 53% from RMB 5.01 billion over the corresponding period of last year. For the nine months, the company's net profit fell to RMB 905.66 million compared with RMB 4.73 billion a year earlier. EPS were RMB 0.27. The whole year net profit may drop 50% year on year due to the lower freight volumes.

China Shipping Development Co. Ltd., Board Meeting, Oct 22, 2009 Agenda: To approve the third quarterly results (unaudited) of the company and its subsidiaries for the three months ended 30 September 2009.