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www.singamas.com

2019 Interim Results Announcement 21 August 2019

Singamas Container Holdings Limited

(incorporated in HK with Limited Liability) (HKEx stock code: 00716)

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The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for any ordinary shares (“Shares”) or rights to purchase Shares in Singamas Container Holdings Limited (“Singamas” or the “Company”); nor does the information contained in this presentation constitute or form part of (and should not be construed as constituting or forming part of) an inducement to enter into any investment activity involving Singamas in any jurisdiction. This presentation should not, nor should anything contained in it, form the basis of or be relied upon in any connection with any contract, investment decision or commitment whatsoever; nor does it constitute a recommendation regarding the securities of Singamas. This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Although Singamas believes that such forward-looking statements are based on reasonable assumptions, it can give no assurance that such expectations will be met. You are cautioned not to place undue reliance on these forward-looking statements, which are based on current views of the management regarding future events. In addition, certain information in this presentation, including but not limited to information concerning strategic decisions, corporate principles and information relating to the Company's competitors in the shipping container industry, is not based on published statistical data or information obtained from independent third parties. Such information and statements reflect the Singamas directors' belief and best estimates based upon internal Company information and information obtained from trade and business organizations and associations and other contacts within the industry in which it competes, as well as information published by its competitors. This presentation has been prepared by Singamas. The information in this presentation has not been independently verified. The provision of the information in this presentation should not be treated as giving investment advice. No representation, warranty, express or implied, is made as to, and no reliance should be placed for any purpose whatsoever on, the fairness, accuracy, completeness or correctness of the information and opinions in this presentation. The information and opinions contained in this presentation are provided only as at the date of this presentation and are subject to change without notice. None of Singamas or its agents or advisers, or any of their respective affiliates, advisers or representatives, undertakes to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, and none of them shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. This presentation is given to you solely for your own use and information, and no part of this presentation may be copied or reproduced, or redistributed or passed on, directly or indirectly, to any other person in any manner or published, in whole or in part, for any purpose.

Disclaimer

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Agenda

Corporate Profile Industry Dynamics Financial Review Business Review Future Plans Appendices

• Consolidated income statements • Singamas’ comprehensive factory & depot network –

post transaction

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4 4

CORPORATE PROFILE

5 5

About Singamas

Singamas is the world’s major container manufacturer and operator of container depots. Listed on the Hong Kong Stock Exchange since 1993. Completed the disposal of five of its wholly-owned subsidiaries on 2 August 2019.

Notes: 1. TEU stands for Twenty-foot Equivalent Unit, a standard unit of measurement used for container transportation.

Logistics Services Business

• includes container depots and a logistics company. • 8 container depots at the major ports in the PRC and 2 in Hong Kong. • 1 logistics company in Xiamen.

• manufactures a wide range of products including dry freight containers and specialised containers.

• 5 factories located in the PRC. • total annual capacity of around 210,000 TEUs1 of dry and specialised containers

(based on one extended shift) and 5,000 units of offshore containers.

Manufacturing Business

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6 6

Besides traditional containers, Singamas cooperates with customers to offer tailor-made design and production of containers to suit customers’ requirements.

Singamas will focus on its investment and efforts on marketing and product development in customised specialised containers

Tank Containers FlatRack & Open Top Containers Bulk (Food) Containers Platform Containers Bitutainer

Singamas’ Standardised Specialised Containers

Singamas’ Customised Specialised Containers

Power Generator Containers Energy Storage Containers Data Centre Containers Terminal Electrical Equipment Containers

House Containers

Offshore Containers Arctic Expenditure Containers

Breeding and Farming Containers

Diverse Portfolio of Specialised Containers

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7 7

Singamas’ diverse global customer base covers various industries including shipping, container leasing, energy, electrical equipment and industrial, etc.

Innovative, high quality and out-of-the-box container solutions attract more non- traditional shipping and leasing companies to place orders.

Container Leasing Electrical

Industrial and Others Energy

Shipping 1

4 5

3 2

Diverse Container Customer Base

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INDUSTRY DYNAMICS

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Container Industry Dynamics – Dry Freight Container

Increasingly competitive and difficult environment in the traditional dry freight containers market

Dry freight container demand is driven by trade / export volumes, not freight rates. • Global economic growth estimate would lower to 2.9% in 2019 (Source: The World Bank). • Prolonged trade disputes between China and the USA affect trade volume between the

two countries in 2019.

Concentrated market with a few large-scale players. • CIMC and COSCO combined around 60% of the global market share prior to the

transaction.

Cost-plus pricing model to set selling price. Material cost is the major determinant of container price. Risks of rising input prices as steel prices recover in 2019. Corten steel, a high-grade hot-rolled steel product, accounts for 51% of total dry freight

container production costs. Direct labour cost accounted for 7% of total production costs in 1H19, slightly higher than

6.5% in 1H2018 due to a decrease in production volume.

Increasing size of global container fleet. • Shipping capacity is projected to increase to 24.01 million TEUs by December 2021 from

22.32 million in December 2018.

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10

0

100

200

300

400

500

600

700

800

900

0

500

1,000

1,500

2,000

2,500

3,000

ASP Avg. Steel Cost

Container Prices vs. Steel Prices

Year

ASP US$ Steel Cost/ Ton US$

Note:

1. one 20’ container normally requires 1.7 tons (including wastage) of steel.

2. ASP stands for average selling price of Singamas.

1H 2019 ASP of 20ft dry freight container dropped to US$1,791, 18.7% lower than 1H2018’s US$2,203 and 17.0% lower than FY2018’s US$2,157.

1H2019 average steel cost was

US$558/ton, 9.3% lower than US$615/ton in 1H2018 and 8.1% lower than FY2018’s US$607/ton.

2003 – 2019 20ft. Dry Freight Container1 Price (ASP2) vs. Average Steel Cost Per Ton

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Chart1

20032003

20042004

20052005

20062006

20072007

20082008

20092009

20102010

20112011

20122012

20132013

20142014

20152015

1H20161H2016

20162016

1H20171H2017

20172017

1H20181H2018

20182018

1H20191H2019

ASP

Avg. Steel Cost

1371

375

1751

570

2077

659

1756

527

1916

575

2262

741

1986

671

2403

717

2667

773

2452

687

2195

616

2086

560

1789

478

1414

369

1457

392

1902

512

2102

528

2203

615

2157

607

1791

558

Sheet1

20032004200520062007200820092010201120122013201420151H201620161H201720171H201820181H2019

ASP1,3711,751207717561916226219862403266724522195208617891414145719022102220321571791

Avg. Steel Cost375570659527575741671717773687616560478369392512528615607558

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Container Industry Dynamics – Specialised Container

Applications of specialised containers that generate and store electricity from renewable and “green” energy. • Increasing regional demand for electricity (e.g. Power supply

shortages in Eastern and Southern China). • Rapid growth in electricity generation through renewable energies in

China. Faster installation, shorter construction period and lower up-front capital costs compared to traditional power plants. • Solar companies are searching for higher efficiency solutions in light

of the growth in solar installed volume in China. Growth potential of data centre due to rise of big data industry in China. • The Chinese government has launched the "Big Data Industry

Development Plan". Cater for diversity in goods size, mass, shape and nature, requiring more comprehensive and customized design and manufacturing processes. • More complex requirements for containers in international trade and

higher variety of transportation channels.

Unique characteristics of specialised containers with favorable industry environment.

Electricity Capacity from Total Renewable Energy in China

Gigawatt

Electricity Capacity from Solar Energy in China

Gigawatt

Big Data Service Industry Revenue

RMB billion

Sources: National Bureau of Statistics (NBS), International Renewable Energy Agency (iRENA), National Energy Administration, China Energy Portal.

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Chart1

2012

2013

2014

2015

2016

2017

2018E

2019E

2020E

2021E

0.1

0.4

0.6

1.1

1.9

3.3

5.7

10.1

17.6

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Sheet1

2012201320142015201620172018E2019E2020E2021E

0.10.40.61.11.93.35.710.117.630.0

Chart1

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

0.3

0.4

1

3.1

6.7

17.8

28.4

43.6

77.8

130.8

175

Sheet1

20082009201020112012201320142015201620172018

0.30.41.03.16.717.828.443.677.8130.8175.0

Chart1

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

Electricity Capacity from Total Renewable Energy in China

174.3

205.2

233.3

267.9

302.1

359.5

414.7

479.1

541

620.9

695.9

Sheet1

20082009201020112012201320142015201620172018

Electricity Capacity from Total Renewable Energy in China174.3205.2233.3267.9302.1359.5414.7479.1541.0620.9695.9

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FINANCIAL REVIEW

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Fierce competition of the container manufacturing industry in 1H2019 led to a tough period. We recorded consolidated revenue of US$584 million in 1H2019, a decrease of 39.7% over

the revenue of US$969.2 million in 1H2018.

US$’M

704.0

410.3

595.0

969.2

584.0

0100200300400500600700800900

1,000

1H2015 1H2016 1H2017 1H2018 1H2019

For the six months ended 30 June

Consolidated Revenue

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Chart1

1H2015

1H2016

1H2017

1H2018

1H2019

1H

704.0

704

410.3

595

969.2

584

Sheet1

1H20151H20161H20171H20181H2019

1H704.0410.3595.0969.2584.0

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10.1

-36.6

16.6

-2.1

-50.3

(60)

(30)

0

30

1H2015 1H2016 1H2017 1H2018 1H2019

Consolidated net loss attributable to owners of the Company was US$50.3 million (1H2018: net loss of US$2.1 million), including a provision of deferred tax charge of US$8.8 million for the Disposal transaction.

The decrease was owing to the slowdown of global trade growth and tumble in business confidence which led to decline in both the sales volume and the average selling price.

US$’M

For the six months ended 30 June

Consolidated Net Profit / Loss Attributable to Owners of the Company

14

Chart1

1H2015

1H2016

1H2017

1H2018

1H2019

10.1

10.1

-36.6

16.6

-2.1

-50.3

Sheet1

1H20151H20161H20171H20181H2019

10.1-36.616.6-2.1-50.3

15

0.42

-1.52

0.69

-0.09

-2.08

(3)

(2)

(1)

0

1

2

3

1H2015 1H2016 1H2017 1H2018 1H2019

US cents

Basic loss per share was US2.08 cents (1H2018: loss per share of US0.09 cent). The Board did not recommend the payment of an interim dividend for the six months

ended 30 June 2019 (1H2018: Nil)

For the six months ended 30 June

Basic Earnings / Loss per Share

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Chart1

1H2015

1H2016

1H2017

1H2018

1H2019

0.42

-1.52

0.69

-0.09

-2.08

Sheet1

1H20151H20161H20171H20181H2019

0.42-1.520.69-0.09-2.08

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24.6322.05 23.76

27.17 24.4

0

5

10

15

20

25

30

35

40

45

50

2015 2016 2017 2018 2019

US cents

As at 31 December As at 30 June

Net Assets Value per Share

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Chart1

20152015

20162016

20172017

20182018

20192019

36.7

24.63

22.05

23.76

27.17

24.4

Sheet1

20152016201720182019

24.6322.0523.7627.1724.4

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BUSINESS REVIEW

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18

-2.0

-45.3

-50

-40

-30

-20

-10

0

10

2018 2019

Revenue

For the six months ended 30 June

US$’M

Profit / Loss Before Taxation

Although material costs having dropped, the extent of the fell in ASP of a 20’ dry freight container was higher because of the low demand, a saturated market and keen competition.

Revenue of this segment lost to US$570,536,000 (1H2018: US$955,717,000), which accounted for 97.7% of the Group’s total revenue.

Pretax loss for this segment amounting to US$45,261,000 (1H2018 loss of: US$2,043,000).

US$’M

Manufacturing Business – Revenue and Profit Analysis

Revenue US$’M

955.7

570.5

0

250

500

750

1,000

2018 2019

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Chart1

ManufacturingManufacturing

2018

2019

-2.0

-2

-45.3

Sheet1

20192018

Manufacturing-45.3-2

Chart1

ManufacturingManufacturing

2018

2019

955.7

570.5

Sheet1

20192018

Manufacturing570.5955.7

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Well Managed Production Output and Sales Volume: For the six months ended 30 June 2019, the Group produced 308,163TEUs (1H2018: 458,374 TEUs)

and sold 296,315TEUs (1H2018: 457,610 TEUs).

Manufacturing Business – Production Output and Sales Volume

527 524

738

458

308

521 544

716

458

296

0

100

200

300

400

500

600

700

800

2015 2016 2017 1H2018 1H2019

Production Sales

Production Output and Sales Volume

TEUs (’000)

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Chart1

20152015

20162016

20172017

1H20181H2018

1H20191H2019

Production

Sales

526893

520684

523785

543708

738286

715733

458374

457610

308163

296315

Sheet1

ProductionSales

2015526,893520,684

2016523,785543,708

2017738,286715,733

1H2018458,374457,610

1H2019308,163296,315

20

59 6685 83

70

41 3415 17

30

2015 2016 2017 1H2018

1H2019

(%)

Diversifying Product Mix : Following the disposal of five subsidiaries, more resource will be placed on developing specialised

containers, especially customised specialised containers, to enhance competitiveness. Adjustments were made to certain production facilities to better tap the specialised containers market. Revenue breakdown for dry freight and specialised containers was 70% and 30% respectively in

1H2019.

Manufacturing Volume % Breakdown

Sales Revenue % Breakdown

76 78 78 85

24 228 10 15

2015 2016 2017 1H2018

1H2019

(%)

Manufacturing Business – Manufacturing Volume and Sales Revenue Breakdown

Specialised Containers

Dry Freight Containers

90

20

Chart1

201520152015

201620162016

201720172017

1H20181H20181H2018

1H20191H20191H2019

Dry Freight

Specialised Containers

(%)

59

41

66

34

85

15

83

17

70

30

Sheet1

Dry FreightSpecialised Containers

20155941

20166634

20178515

1H20188317

1H20197030

Chart1

201520152015

201620162016

201720172017

1H 20181H 20181H 2018

1H 20191H 20191H 2019

Dry Freight

Specialised Containers

(%)

78

78

76

24

77.6

22.4

92

8

90

10

85

15

Sheet1

Dry FreightSpecialised Containers

20157624

20167822

2017928

1H 20189010

1H 20198515

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Singamas is a major operator of container depots in China with over 30 years of industry experience and exposure Long established network and relationships with major port operators and shipping companies.

• Network with key port operators in China. • Customer relationships with global major shipping

companies.

Principally involved in the transportation of industrial chemicals in India by specialised tank containers in India.

Started transporting liquid by tanks on railway in Jan 2018.

Joint Venture

Singamas Container Holdings Ltd.

(30%)

ApolloLogisolutions Ltd.

(70%)

Logistics company in Xiamen

One of the top 100 logistics companies in China with operations in the USA, and New Zealand.

Logistics Services Business – Overview

Liquid tank logistics business in India

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Revenue and Pretax Profit Decline in export volume had no adverse effect to the demand of the logistics services, the

segment revenue was US$13,489,000 (1H2018: US$13,500,000). Pretax profit for the segment amounting to US$2,448,000, compared with US$1,276,000

recorded in 1H2018 due to the growing of logistics businesses in Xiamen and other associate depots.

Revenue US$’M

Profit / Loss Before Tax

13.5 13.5

6

8

10

12

14

16

18

20

1H2018 1H2019

1.3

2.4

0

1

2

3

4

5

1H2018 1H2019

US$’M

Logistics Services Business – Revenue and Profit Analysis

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Chart1

RevenueRevenue

1H2018

1H2019

13.5

13.5

Sheet1

1H20181H2019

Revenue13.513.5

Chart1

Profit before taxProfit before tax

1H2018

1H2019

1.3

2.4

Sheet1

1H20181H2019

Profit before tax1.32.4

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FUTURE PROSPECTS

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Recent Development

Very Substantial Disposal of Singamas’ subsidiaries Agreement Date: 6 May 2019. Purchaser: COSCO SHIPPING Financial Holdings Co. Consideration: RMB3,800 million (subject to adjustments). Target Companies: Five of Singamas’ wholly-owned subsidiaries.

19 Mar

31 May

6 May

2 Aug

Signed LOI and announcement of the potential transaction

Completion of various filings, other condition

precedents and closing

Key Transaction Milestones

Signed SPA with and announcement of the disposal transaction

Issued circular for the transaction

Convene EGM for shareholders’ approval

26 Jun

Qidong Pacific Port Co., Ltd. 啓東太平港務有限公司

Qidong Singamas Energy Equipment Co., Ltd. 啓東勝獅 能源裝備有限公司

Qingdao Pacific Container Co., Ltd. 青島太平貨櫃有限 公司

Ningbo Pacific Container Co., Ltd. 寧波太平貨櫃有限公司

Singamas Container Holdings (Shanghai) Ltd 勝獅 貨櫃管理（上海）有限公司

Decisive actions to advance Singamas’ development into the “New Singamas”

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1 4

2

3

1

1 2

3 4

Vietnam Thailand

Indonesia

Singapore

Malaysia

Remote Monitoring Technology Portable Medical Container

Breeding and Farming Container

Arctic Expenditure Container

Power Generator Container

Niche player focusing on specialised container sector

Used in a wide-range of industries and less driven by trade volumes.

High unit price, high added value, and high margin.

Tailor-made products to attract and retain customers.

Environmentally friendly and efficient power generator containers through the use of “green” energy.

Less affected by trade conflicts and the slow down in trade volume.

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Build on expertise on logistic, depot businesses and expand presence in high growth regions

Over 30 years of experience in the container depot business.

Sector expertise, know-how and industry connections.

High growth potentials in Southeast Asia regions .

First-mover advantage with support from large shareholder.

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Offers tailor-made sophisticated products and services to customers through technological upgrade

Continue to bolster R&D capabilities. Automation of manufacturing activities

and system upgrade.

Develop new specialised containers with higher technological requirements.

Strategic cooperation.

2

Nimble, efficient operations focusing on margins and returns to shareholders

Improve cost structure and implement stringent cost controls.

Streamline operations to improve efficiency.

Higher margins and returns to shareholders.

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Growth Strategies – The “New Singamas”

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Strategic transformation to the “New Singamas” by shifting focus to specialised container industry & logistics services.

Prospects

Enhance competitiveness in specialised container market. Work closely with customers to deliver bespoke design and

production services Further bolster R&D capabilities for developing new customized

specialised containers with higher technological requirements. New factory for specialised containers in Huizhou under

construction and target to commence operation in first half of 2020 Shedding of various assets and bolster of different facets of

operation to become nimbler and more capable of adapting to the industry

Explore business avenues outside of the sea-freight segment to widen revenue streams and enjoy higher margins.

Actively participate in industry exhibitions to showcase 30 years of industry experience and capabilities.

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APPENDICES

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Consolidated Income Statement I (Classification Of Expenses By Nature)

Six months ended 30 June 2019 2018

US$'000 US$'000 Revenue 584,025 969,217 Other income 2,549 1,507 Changes in inventories of finished goods and work in progress 3,541 (8,947) Raw materials and consumables used (470,921) (756,237) Staff costs (70,147) (96,782) Depreciation and amortisation expense (19,446) (17,064) Impairment losses, net of reversal (23) - Exchange gain 93 3,109 Other expenses (66,779) (84,626) Finance costs (10,046) (8,842) Investment income 5,178 3,620 Fair value loss of derivative financial instruments (396) (4,339) Share of results of associates (510) (1,547) Share of results of joint ventures 69 164 Loss before taxation (42,813) (767) Income tax expense (7,836) (1,725) Loss for the period (50,649) (2,492) Attributable to: Owners of the Company (50,327) (2,104) Non-controlling interests (322) (388)

(50,649) (2,492) Loss per share Basic US(2.08) cents US(0.09) cent Diluted US(2.08) cents US(0.09) cent

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Consolidated Income Statement II (Classification Of Expenses By Function) (For Reference Only)

Six months ended 30 June 2019 2018

US$'000 US$'000 Revenue 584,025 969,217 Cost of sales 580,093 912,434 Gross Profit 3,932 56,783 Other income 2,549 1,507 Selling and distribution expenses (11,103) (18,190) General and administrative expenses (32,579) (33,032) Exchange gain 93 3,109

Profit from operations (37,108) 10,177

Finance costs (10,046) (8,842) Investment income 5,178 3,620 Fair value loss of derivative financial instruments (396) (4,339) Share of results of associates (510) (1,547) Share of results of joint ventures 69 164 Loss before taxation (42,813) (767) Income tax expense (7,836) (1,725) Loss for the period (50,649) (2,492) Attributable to: Owners of the Company (50,327) (2,104) Non-controlling interests (322) (388)

(50,649) (2,492) Loss per share Basic US(2.08) cents US(0.09) cent Diluted US(2.08) cents US(0.09) cent

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Location Factories (effective equity

stake)

Location Date of Commercial Operations

No. of Production Lines

Annual Production Capacity

TEUs (Note 1)

Products

2017 2018

The PRC Tianjin Pacific (97%) Tianjin 2002 - - - Suspended production Qingdao Pacific (100%) (Note 2) Qindao 2004 3 170,000 170,000

Dry freight, Refrigerated, US domestic containers and other specialised containers

Singamas Container Industry (75%) Yixing 1994 1 10,000 10,000

Flatracks, bitutainers, pallet-wide containers, log carriers, other specialised containers and container components

Shanghai Pacific (64.9%) Shanghai 1990 1 10,000 10,000 Standard and offshore tank containers

Shanghai Baoshan (77.2%) Shanghai 2003 2 90,000 90,000

Dry freight, flatracks and other specialised containers

Xiamen Pacific (100%) Xiamen 1998 1 70,000 70,000 Dry freight containers Hui Zhou Pacific (100%) Hui Zhou 2006 1 110,000 110,000

Dry freight, US domestic containers and other specialised containers

Ningbo Pacific (100%) Ningbo 2006 1 110,000 110,000 Dry freight containers

Qidong Singamas (100%) (Note 3) Qidong 2012 3 280.000 280.000

Dry freight, Refrigerated, US domestic containers and other specialised containers

Total Container Manufacturing (Note 1) 13 850,000 850,000

Location Factories (effective

equity stake)

Location Date of Commercial Operations

No. of Production Lines

Annual Production Capacity

(units) (Note 4)

Products

2017 2018

The PRC Qidong Offshore (100%) Qidong 2014 1 5,000 5,000 Offshore containers

Notes: 1. Annual production capacity is based on extended single shift. From April 2017 onwards, all dry freight containers and part of the specialised containers are required to apply water-borne paint. 2. Production capacity of Qingdao Pacific including the capacity to produce 110,000 TEUs of dry and specialised containers and 60,000 TEUs of refrigerated containers. 3. Production capacity of Qidong Singamas including the capacity to produce 220,000 TEUs of dry freight and specialised containers and 60,000 TEUs of refrigerated containers. 4. Production capacity of Qidong Offshore is based on units, not TEUs.

Manufacturing Facilities - Container Factories (Before The Disposal)

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31 ** Container (for both loaded and empty containers) storage only, excluding bulk cargo and other warehousing space.

Location (Effective Equity Stake)

Date of Commencement

Yard size Storage Capacity**

Services Provided

The PRC

Dalian(36.84%) 2000 160,000 sq. m 16,000 TEUs

Tianjin(100%) 1994 123,000 sq. m 17,000 TEUs

Qingdao(60%) 1994 144,000 sq. m 17,000 TEUs

Shanghai (40%) 2013 136,600 sq. m 13,700 TEUs

Qidong (100%) 2012 124,000 sq. m. 41,070 TEUs

Ningbo (40%) 1995 173,420 sq. m 28,000 TEUs

Xiamen (35%) 1996 217,000 sq. m 31,500 TEUs

Fuzhou (40%) 2003 91,500 sq. m 11,500 TEUs

Guangxi (55%) 2017 10,000 sq. m. 500 TEUs

Hong Kong

- DY Terminal (100%) 1993 10,500 sq. m 1,575 TEUs

- Eng Kong (73.3%) 1994 58,000 sq. m 8,925 TEUs

Total 1,248,020 sq.m 186,770 TEUs

Container Depots / Terminals mainly provide container storage, handling, haulage, dry & reefer container maintenance and repair, hanger equipment installation, C.F.S. and etc.

Container Depots / Terminals (Before the Disposal)

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Following the disposal transaction, Singamas will have five manufacturing facilities in China with total annual capacity of 210,000 TEUs of dry and specialised containers and 5,000 units of offshore containers.

Manufacturing Facilities - Container Factories (After The Disposal)

No. Factories Area (m2) Annual capacity Description

Shanghai Baoshan Pacific Container Co. Ltd. (“SBPC”) Qidong Singamas Offshore Equipment Co. Ltd. (“QSOE”)

93,891 ~28,000

90,000 TEUs 5,000 units

• Main products: 20', 20'HC, 40', 40'HC & 45' ISO dry freight containers, flatrack container, open top, open-side and other specialised containers

• Focus on manufacturing of offshore containers

Singamas Container Industry Co. Ltd. (“SCIC”)

63,069 10,000 TEUs • Main products: specialised containers including side-door, flatrack container, house container, bulker, open top, platform, bitumen container, bitutainer tank, diesel tank, container parts and container lashing gears

Shanghai Pacific International Container Co. Ltd. (“SPIC”)

79,407 10,000 TEUs • Main products: standard tank containers ranging from 2,600 litres to 38,000 litres

Xiamen Pacific Container Manufacturing Co. Ltd. (“XPCL”)

83,523

70,000 TEUs

• Main products: ISO standard and non-ISO standard marine containers and related components

Huizhou Singamas Energy Equipment Co. Ltd. (“HSCL”)

~300,000

30,000 TEUs

• New factory to commence operations in mid-2020

• Focus on manufacturing of specialised containers

Tianjin Pacific Container Co. Ltd. Shanghai Reeferco Container Co. Ltd.

155,235 73,256

N/A N/A

• Currently no operation

• Currently as investment property

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SBPC

SCIC

QSOE SPIC

XPCL

HSCL

Tianjin Pacific Container Co. Ltd.

Shanghai Reeferco Container Co. Ltd.

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Container Depot / Terminals – (After The Disposal) Singamas will continue to operate its 10 container depots in at key coastal regions in China.

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DSIC

DYTL

EKCS

FSCL GSCL

NVCL

SHIC

SLQC

TSCL & SLTC

XSCL

No. Depots Area (m2)

Storage Capacity

(TEU)

Average Turnaround

Time of Truck (minute)

Allocated Repair Area

(m2)

Repair Capacity per Day (unit)

Dalian Singamas International Container Co. Ltd. (“DSIC”) 160,000 16,000 30 10,000 120

DY Terminal Limited (“DYTL”) 10,500 1,575 15 1,500 30

Eng Kong Container Services Ltd. (“EKCS”) 58,000 8,925 15 8,800 170

Fuzhou Singamas Container Co. Ltd. (“FSCL”)

- Mawei Depot 25,400 3,500 15 1,500 50

- Jiangyin Depot 66,100 8,000 15 1,800 80

Guangxi Singamas Container Co. Ltd. (“GSCL”) 10,000 N/A 20 N/A N/A

Ningbo Victory Container Co. Ltd. (“NVCL”) 173,420 28,000 20 10,000 200-250

Shanghai Huasing International Container Freight Transportation Co. Ltd. (“SHIC”)

- Pu Xi Deport 79,600 7,100 15 4,000 70-130

- Pu Dong Depot 57,000 6,600 15 2,500 60-110

Singamas Logistics (Qingdao) Co. Ltd. (“SLQC”) 144,000 17,000 15 9,000 150

Tianjin Singamas Container Co. Ltd. / Singamas Logistics (Tianjin) Co. Ltd. (“TSCL & SLTC”)

123,000 17,000 10 15,000 200

Xiamen Xiangyu Singamas Container Co. Ltd. (“XSCL”)

- Depot I (Island Depot) 115,200 11,000 10 9,000 250

- Depot II (Haicang Depot) 101,800 20,500 15-30 11,000 350 33

Slide Number 1Slide Number 2Slide Number 3Slide Number 4About SingamasSlide Number 6Diverse Container Customer BaseSlide Number 8Slide Number 9Slide Number 10Slide Number 11Slide Number 12Slide Number 13Slide Number 14Slide Number 15Slide Number 16Slide Number 17Slide Number 18Slide Number 19Slide Number 20Slide Number 21Slide Number 22Slide Number 23Slide Number 24Slide Number 25Slide Number 26Slide Number 27Slide Number 28Slide Number 29Slide Number 30Slide Number 31Slide Number 32Slide Number 33