The recent two years of losses of China COSCO Holdings Co have hurt the interests of shareholders, and I owe them an apology. I hope shareholders could hang in there for a while, because I have confidence that COSCO will turn losses into gains in the future.

Wei Jiafu, chairman of Shanghai-listed China COSCO Holdings Co, which is facing trading suspension and even delisting if losses continue this year

speaking at an evening meeting Saturday on the sidelines of the Boao Forum for Asia.