Sino-Global Announces Strategic Cooperation Agreement With COSCO Container Shipping Agency

Sino-Global Shipping America, Ltd. SINO earlier today announced that its affiliate, Sino-China, has reached a Strategic Cooperation Agreement with COSCO Container Shipping Agency. Founded in 1998, COSCO Container Shipping Agency is a fully owned subsidiary of COSCO Container Lines Co., Ltd. (COSCON) and has more than 50 offices in coastal cities throughout China including Guangzhou, Dalian, Shanghai, Qingdao, Tianjin, Shenzhen, Xiamen and Ningbo. "By signing the Agreement, we intend to expand our local agency services through the highly-regarded network of COSCO Container Shipping Agency," said Mr. Cao Lei, Sino-Global's Chief Executive Officer. "This relationship with COSCO Container Shipping Agency will not only fulfill our IPO commitment on expanding our footprint throughout China, but also enhance our marketing effort in generating incremental revenues for both companies." Mr. Liu Gang, Managing Director of COSCO Container Shipping Agency, commented, "The Agreement will integrate resources from both parties and develop our shipping agency business in a cost effective way. We are proud to be associated with Sino-Global and look forward to a long and mutually profitable business relationship."