China COSCO Holdings Company Limited

China COSCO Holdings Company Limited is principally engaged in shipping and the related businesses. The Company is primarily involved in container shipping business, dry bulk cargo shipping business, container terminal business, container leasing business and logistics, among others. During the year ended December 31, 2007, the dry bulk cargo shipping and the related business, as well as the container shipping and the related business, contributed approximately 53% and 44% of the Company’s total revenue, respectively. The Company mainly operates its businesses in the Americas, Europe, Asian and Pacific regions and China. As of December 31, 2007, the Company had six major subsidiaries.