On April 27th, a gala celebration for the 50th Anniversary of COSCO was held at the Great Hall of the People in Beijing. The celebration was attended by more than 1000 guests, including the Guest of Honor Tung Chee Hwa, Vice Chairman of CPPCC, Chen Jinhua, former Vice Chairman of CPPCC, Richard A. Lidinsky Jr., Chairman of Federal Maritime Commission of the US, and COSCO's clients and business partners from all over the world.

During the celebration, a global service map was lighted on the backdrop screen by Captain Wei Jiafu, Executive Vice President Zhang Fusheng and other six honorable guests including Tung Chee Hwa, Chen Jinhua, Qiang Weidong, Secretary of the Discipline Inspection Committee of SASAC, Xu Zuyuan, Vice Minister of Transport, Richard A.Lidinsky Jr., Li Dongxu, Chairman of the Supervisory Board of Central SOEs. The honorable guests extended their best wishes to the future of COSCO Group as a key player in the maritime industry.

On behalf of Chinese government, Qiang Weidong and Xu Zuyuan addressed the ceremony respectively, expressing their congratulations to COSCO's 50th anniversary and speaking highly of COSCO's achievements in the past 50 years. Representing COSCO's key clients and partners, Zhang Xiaogang, President of Angang Steel gave his formal remark at the ceremony.

Chairman Lidinsky presented to Captain Wei an "Award of Merit Certificate" in recognition of COSCO's outstanding services and contributions to the U.S. importers, exporters and consumers. Zhang Fusheng, Executive Vice President of COSCO Group, announced the list of 50 Best Employees and the 50 Best Subsidiaries of COSCO. Captain Wei and Zhang cut the birthday cake and wished their wishes for COSCO's future as the flag ship in the world shipping industry.