Group 1 - The core point of the article is the announcement of a change in the board of directors at China Shipbuilding Leasing (03877.HK) [1] - Zhang Qipeng will resign as a non-executive director effective January 6, 2026, due to work adjustments [1] - Xie Weizhong has been appointed as a non-executive director and will also serve on the audit committee and the strategy and investment committee [1]

Core Viewpoint - China Ship Leasing (03877) announced changes in its board of directors, effective January 6, 2026, with Zhang Qipeng resigning as a non-executive director and Xie Weizhong appointed as a non-executive director [1] Group 1 - Zhang Qipeng will resign from his position as a non-executive director due to work adjustments [1] - Zhang Qipeng will also step down from his roles in the Audit Committee and the Strategy and Investment Committee [1] - Xie Weizhong has been appointed as a non-executive director and will also serve on the Audit Committee and the Strategy and Investment Committee [1]

CSSC (Hong Kong) Shipping Company Limited 中國船舶集團（香港）航運租賃有限公司 （於香港註冊成立的有限公司） （股份代號：3877） 董事名單及其角色與職能 非執行董事 謝衛忠先生 遲本斌先生 獨立非執行董事 王德銀先生 盛慕嫻女士 李洪積先生 董事會設立五個委員會。下表提供各董事會成員在該等委員會中所擔任的職 位。 | 董事委員會 | | | | | ESG與 | | --- | --- | --- | --- | --- | --- | | | | | | 戰略與投資 | 可持續發展 | | 董事 | 審核委員會 | 提名委員會 | 薪酬委員會 | 委員會 | 委員會 | | 李洪濤先生 | | 主席 | | 主席 | 主席 | | 劉輝先生 | | | | 成員 | 成員 | | 謝衛忠先生 | 成員 | | | 成員 | | | 遲本斌先生 | | 成員 | | 成員 | | | 王德銀先生 | 成員 | 成員 | 主席 | 成員 | 成員 | | 盛慕嫻女士 | 主席 | 成員 | 成員 | | 成員 | | 李洪積先生 | 成員 | 成員 | 成員 | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 CSSC (Hong Kong) Shipping Company Limited 中國船舶集團（香港）航運租賃有限公司 （於香港註冊成立的有限公司） （股份代號：3877） 非執行董事變動 中國船舶集團（香港）航運租賃有限公司（「本公司」董事（「董事」）會（「董事會」） 謹此宣佈，自二零二六年一月六日起： 張先生確認，彼與董事會並無意見分歧，亦無有關彼辭任的事宜須提請本公 司股東（「股東」）垂注。 謝先生已與本公司訂立為期三年的服務協議，自二零二六年一月六日起生 效，並須根據本公司的組織章程細則於本公司股東週年大會上輪值退任。謝 先生有權收取基本年薪380,425港元及可按董事會決定獲得酌情花紅，有關數 額乃經參考其經驗、彼於本公司的職責及責任以及現行市價釐定。 除上文所披露者外，概無其他資料須根據上市規則第13.51(2)(h)至13.51(2)(v) 條的規定予以披露，亦無任何其他有關委任謝先生 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03877 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 6,199,224,404 | | | 0 | | 6,199,224,404 | | 增加 / 減少 (-) | | | | 0 | | 0 | | | | 本月底結存 | | | 6,199,224,404 | | | 0 | | 6,199,224,404 | 第 2 頁 共 10 頁 v 1.1.1 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） | 截至月份: | 2025年12月31日 | 狀態: | 新提交 | | --- | --- | --- ...

Investment Rating - The report maintains an "Overweight" rating for the aviation and oil transportation sectors, indicating a positive outlook for both industries [35]. Core Insights - The aviation sector is expected to see robust demand growth, driven by increased travel during the New Year holiday, with significant year-on-year increases in both passenger volume and ticket prices. The report suggests a strategic investment during the off-peak season, anticipating a long-term super cycle [3][4]. - In the oil transportation sector, while seasonal price declines are noted, the report emphasizes the potential for future price increases due to ongoing global oil production growth and limited capacity expansion. It recommends a contrarian investment approach during the off-peak period [3][4]. Summary by Sections Aviation Sector - The report highlights a strong increase in travel demand during the New Year holiday, with a 19% year-on-year increase in overall passenger movement from December 31, 2025, to January 2, 2026. Specifically, civil aviation saw a 13% increase [3][4]. - Domestic ticket prices are estimated to rise by over 10% year-on-year during the holiday period, despite a projected short-term dip in passenger flow post-holiday [3][4]. - The aviation industry is experiencing high load factors while ticket prices remain at historical lows, suggesting a favorable environment for profitability growth driven by demand recovery and market pricing dynamics [3][4]. Oil Transportation Sector - The report notes that the average daily earnings for Very Large Crude Carriers (VLCC) reached $51,000 in 2025, significantly higher than the $36,000 in 2023-2024, driven by improved capacity utilization and increased oil production from the Middle East and South America [3][4]. - Despite a recent decline in freight rates during the traditional off-peak season, the report maintains a positive outlook for future price increases, supported by ongoing global oil production growth and limited fleet expansion [3][4]. - The report suggests monitoring geopolitical developments, particularly in Venezuela, and recommends increasing positions in companies like COSCO Shipping Energy, China Merchants Energy Shipping, and China Shipbuilding Leasing [3][4].

（於香港註冊成立的有限公司） （股份代號：3877） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 CSSC (Hong Kong) Shipping Company Limited 中國船舶集團（香港）航運租賃有限公司 須予披露交易公告 根據上市規則第14.36條 內容有關提供擔保 提供擔保 茲提述二零二四年四月公告。除本公告另有界定者外，本公告所用詞彙與二 零二四年四月公告所界定者具有相同涵義。 於二零二五年十二月二十三日，擁有人與原承租人、新承租人、本公司及洲 際船務集團訂立更替協議，據此，更替協議各方同意（其中包括）將原承租人 於原租賃項下的權利及義務更替予新承租人。 自生效日期起，待各更替協議所載所有條件均已獲達成且令擁有人信納或 獲擁有人豁免，擁有人將解除並免除本公司於生效日期起根據相關原租賃 擔保所產生的所有義務。 1 於二零二五年十二月二十三日（交易時段後），本公司已最終確定新租賃擔 保的條款，據此，本公司同意就新承租人適時及準時 ...

Market Overview - The Hong Kong stock market indices experienced a decline, with the Hang Seng Tech Index dropping by 0.69% to 5488.89, while the Hang Seng Index and the China Enterprises Index fell by 0.11% and 0.29% respectively, indicating cautious market sentiment [1][2]. Sector Performance - Large tech stocks showed mixed results, with Alibaba, Meituan, and JD.com gaining, while Kuaishou fell over 3%. Tencent and Xiaomi also declined [3][4]. - Wind power stocks maintained strong performance throughout the day, while building materials, cement, and most banking stocks saw increases. In contrast, mobile gaming, military, robotics, and semiconductor stocks faced collective downturns [3][4]. Individual Stock Movements - Kuaishou's stock price fell by 3.52% to 64.35, with a total market capitalization of 277.95 billion. Tencent's stock decreased by 2.03% to 602.00, with a market cap of 5.5 trillion [5][6]. - Semiconductor stocks experienced declines, with notable drops including Brainhole Technology down over 9% and Innodisk down over 4%. Counterpoint Research reported that the global wafer foundry market revenue reached $84.8 billion in Q3, a 17% year-on-year increase, with TSMC holding a 39% market share [6][7]. Commodity Performance - Gold and precious metals initially rose but later fell back. Spot gold reached a record high of $4490.88 per ounce, marking a year-to-date increase of over 71%. JPMorgan forecasts an average gold price of $5055 per ounce by Q4 2026 and $5400 by the end of 2027 [7][8]. Shipping and Port Stocks - Shipping and port stocks saw gains, with China Shipbuilding Leasing rising nearly 3% and COSCO Shipping Holdings increasing over 2% [9]. Capital Flows - Net buying from southbound funds amounted to 611 million HKD, with a net sell of 582 million HKD through the Shanghai-Hong Kong Stock Connect and a net buy of 1.193 billion HKD through the Shenzhen-Hong Kong Stock Connect [9]. Future Outlook - Huatai Securities noted that the market remains in a left-side layout phase, with the right-side turning point still unclear. There is strong consensus on the anticipation of a spring rally, but year-end supply and demand pressures create uncertainty regarding the "Santa rally." The first quarter may present a higher probability phase for investment [11].

格隆汇12月22日丨中国船舶租赁(03877.HK)宣布，公司将于2026年1月6日(星期二)举行董事会会议，藉 以(其中包括)审议建议宣派及派付特别股息及处理任何其他事务(如有)。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部份內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 CSSC (Hong Kong) Shipping Company Limited 中國船舶集團（香港）航運租賃有限公司 （於香港註冊成立的有限公司） （股份代號：3877） 董事會會議通知 及 建議宣派特別股息 中國船舶集團（香港）航運租賃有限公司（「本公司」）董事會（「董事會」）謹此宣 佈，本公司將於二零二六年一月六日（星期二）舉行董事會會議，藉以（其中包 括）審議建議宣派及派付特別股息（「特別股息」）及處理任何其他事務（如有）。 待董事會會議批准後，本公司將另行刊發公告以載列特別股息的詳情。 承董事會命 中國船舶集團（香港）航運租賃有限公司 主席 李洪濤 香港，二零二五年十二月二十二日 於本公告日期，董事會包括執行董事李洪濤先生及劉輝先生，非執行董事張 啟鵬先生及遲本斌先生，及獨立非執行董事王德銀先生、盛慕嫻女士 BBS, JP 及 李洪積先生。 ...