COSCO Pacific holds 49% equity interest in COSCO Logistics Co., Ltd. (“COSCO Logistics”). COSCO Logistics is the largest logistics operator in China. It provides shipping agency, freight forwarding and third party logistics with related support services. In 2006, COSCO Logistics was ranked Number 1 in “China’s Logistics 100” for the third consecutive year in recognition of its logistics achievements in China.

COSCO Logistics’ website: www.cosco-logistics.com.cn