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(Incorporated in Hong Kong with limited liability)

(Stock Code: 368) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the extraordinary general meeting (the "EGM") of Sinotrans Shipping Limited (the "Company") will be held at the Diamond Ballroom, the Ritz-Carlton Hong Kong, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong on Tuesday, 10 February 2015 at 11:00 a.m. for the purpose of considering and, if thought fit, passing the following resolution as an ordinary resolution of the Company: ORDINARY RESOLUTION

1. "THAT

(a) the memorandum of agreement dated 31 December 2014 (the "Agreement") (copy of which is marked "A" and now produced to the meeting and initialled by the chairman of the meeting for the purpose of identification) entered into between Grand Sea Shipping Limited as vendor and New Enterprise Shipping Company Limited as purchaser in respect of the disposal of the 2008 built oil tanker, namely M/T "Yangtze Friendship" (formerly known as M/T "GRAND SEA") and the transactions contemplated thereunder be and are hereby approved, confirmed and ratified; and

(b) any one director of the Company, or any two directors of the Company if the affixation of the common seal is necessary, be and is/are hereby authorised to sign and execute all documents, instruments and agreements and to do all such acts or things deemed by him/her to be incidental to, ancillary to or in connection with the matters contemplated in the Agreement."

By Order of the Board

Sinotrans Shipping Limited Huen Po Wah

Company Secretary

Hong Kong, 21 January 2015

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Registered office:

21st Floor, Great Eagle Centre, 23 Harbour Road, Wanchai, Hong Kong

Notes:

1. The register of members of the Company will be closed from Monday, 9 February 2015 to Tuesday, 10
February 2015 (both days inclusive) during which period no transfer of Share(s) will be effected. In order to determine the entitlement to attend and vote at the EGM, all transfer of Share(s), accompanied by the relevant share certificate(s) with the properly completed transfer form(s) either overleaf or separately, must be lodged with the Company's share registrar, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong for registration not later than 4:30 p.m. on Friday, 6 February 2015.
2. Any member of the Company entitled to attend and vote at the EGM is entitled to appoint one or, if he/she is the holder of two or more shares, more than one proxy to attend and, on a poll, vote instead of him/her. A proxy needs not be a member of the Company.
3. A form of proxy for use at the EGM is enclosed herewith.
4. To be valid, the proxy form, together with the power of attorney or other authority (if any) under which it is signed or a notarially certified copy thereof, must be deposited at the registered office of the Company at 21st Floor, Great Eagle Centre, 23 Harbour Road, Wanchai, Hong Kong not less than 48 hours before the time appointed for holding the EGM or any adjournment thereof (as the case may be) and in default thereof the proxy form and such power or authority shall not be treated as valid.
5. Delivery of an instrument appointing a proxy shall not preclude a shareholder from attending and voting in person at the EGM or any adjournment thereof (as the case may be) and in such event, the instrument appointing a proxy shall be deemed to be revoked.
6. As at the date of this announcement, the Directors of the Company are Mr. Li Hua and Ms. Feng Guoying as the executive Directors; Mr. Li Zhen (Chairman) and Mr. Tian Zhongshan as the non-executive Directors; and Mr. Tsang Hing Lun, Mr. Lee Peter Yip Wah and Mr. Zhou Qifang as the independent non-executive Directors.

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