| Cover Page | 1 |
| Contents | 2 |
| Cosco Overview | 3 |
| Key Messages | 16 |
| Operations and Financial Review | 26 |
| Corporate Governance and Transparency | 34 |
| Inside COSCO and Corporate Citizenship | 69 |
| Financial Statements | 75 |
| Directors' Report | 76 |
| Statement by Directors | 80 |
| Independent Auditor's Report | 81 |
| Consolidated Profit or Loss | 82 |
| Consolidated Statement of Comprehensive Income | 83 |
| Balance Sheets | 84 |
| Consolidated Statement of Changes in Equity | 85 |
| Consolidated Statement of Cash Flows | 86 |
| Notes to the Financial Statements | 87 |
| Five-Year Summary | 150 |
| Shareholding Statistics | 151 |
| Notice of Annual General Meeting | 152 |
| Proxy Form for Annual General Meeting | 157 |
| Notes for Proxy Form | 158 |