Meeting Information - The second extraordinary general meeting of shareholders for 2025 will be held on September 26, 2025, at 10:00 AM [1] - The meeting will take place at the third floor of the Ocean Hotel, located at 1171 Dongdaming Road, Hongkou District, Shanghai [1] - Voting will be conducted through a combination of on-site and online methods using the Shanghai Stock Exchange's online voting system [1] Voting Procedures - Shareholders can vote via the Shanghai Stock Exchange's online voting system, with voting available from 9:15 AM to 3:00 PM on the day of the meeting [1][3] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts for the same class of shares [3] - The first voting result will be considered valid if the same voting right is exercised multiple times [3] Agenda Items - The meeting will review several proposals, including amendments to the company's governance structure and the cancellation of the supervisory board [2] - Specific resolutions will be presented for voting, with no special resolutions requiring separate counting for minority investors [2][8] Attendance and Registration - Shareholders registered by the close of trading on September 22, 2025, are eligible to attend the meeting [5] - Registration will occur on the day of the meeting from 9:00 AM to 9:55 AM at the meeting venue [9] - Proxy representatives must present a written authorization letter and identification documents for registration [6] Contact Information - For inquiries, the company can be contacted at the Board Office located at 670 Dongdaming Road, 7th Floor, Shanghai, with a postal code of 200080 [7] - Contact numbers include 021-65967165 and 021-65968395, and email inquiries can be sent to ir.energy@coscoshipping.com [7]

Investment Rating - The report maintains an "Accumulate" rating for the oil transportation industry, particularly for VLCC (Very Large Crude Carrier) market [6]. Core Viewpoints - The VLCC freight rates have been continuously rising since August, driven by OPEC+ production increases and market demand, with rates for the CT1 route increasing from $17,971/day on August 1 to $51,664/day by September 5, and CT2 route rates rising from $26,931/day to $62,949/day in the same period [1][2]. - OPEC+ is expected to continue increasing production, which will likely shift towards exports, positively impacting VLCC demand. The actual production increase from OPEC+ was 427,000 barrels/day in June and 308,000 barrels/day in July, with a forecasted increase in exports as summer demand subsides [2]. - The fourth quarter is anticipated to be a peak season for crude oil demand in the Far East, with historical data showing that Q4 freight rates are generally higher than Q3 rates, except for 2020. The report suggests a high probability of rising freight rates in Q4 2025 due to OPEC+ production and seasonal demand [3]. - Increased sanctions on non-compliant markets by Western countries are expected to benefit compliant VLCC demand in the medium to long term. The report discusses two scenarios regarding sanctions on Iranian oil, indicating that if sanctions are enforced, demand may shift to compliant markets, enhancing VLCC demand [4]. Summary by Sections - **VLCC Freight Rates**: Continuous increase in VLCC freight rates since August due to OPEC+ production and market demand [1]. - **OPEC+ Production Impact**: OPEC+ production increases are expected to positively affect VLCC demand as summer demand wanes [2]. - **Seasonal Demand**: Anticipation of higher freight rates in Q4 due to seasonal demand patterns [3]. - **Sanctions and Market Dynamics**: Potential benefits for compliant markets due to increased sanctions on non-compliant oil exports [4]. - **Investment Recommendations**: The report suggests focusing on companies like China Merchants Energy and COSCO Shipping Energy, with expectations of significant earnings elasticity in the upcoming quarters [5].

中远海运能源运输股份有限公司 证券代码：600026 证券简称：中远海能 公告编号：2025-050 关于召开2025年第二次临时股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 股东大会召开日期：2025年9月26日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、 召开会议的基本情况 (二) 股东大会召集人：中远海运能源运输股份有限公司董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票 相结合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 26 日 10 点 00 分 (一) 股东大会类型和届次 2025年第二次临时股东大会 召开地点：上海市虹口区东大名路 1171 号远洋宾馆三楼 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 26 日 至2025 年 9 月 26 日 采用上海证券交易所网络投票系统，通过交易系统投 ...

中远海运能源运输股份有限公司 2025 年第二次临时股东大会会议资料 二〇二五年九月二十六日 关于取消监事会并修订《公司章程》等治理制度的议案，各子议 案如下： 1. 修订《公司章程》； 目录 | 会议议程…………………………………………………………………2 | | --- | | 会议须知…………………………………………………………………3 | | 议案一、《关于取消监事会并修订<公司章程>等治理制度的议 | | 案》……………………………………………………………………….4 | 1 中远海运能源运输股份有限公司 2025 年第二次临时股东大会议程 时间：2025 年 9 月 26 日（星期五）10 点 00 分 地点：上海市虹口区东大名路 1171 号远洋宾馆三楼 主持人：任永强董事长（或受推举的董事） 会议议程 一、审议议题： 非累积投票议案，审议： 2. 修订《股东会议事规则》； 3. 修订《董事会议事规则》； 4. 取消公司监事会及废止《监事会议事规则》； 5. 修订《独立董事工作制度》； 6. 修订《关联交易管理制度》； 7. 修订《对外担保管理制度》； 8. 修订《对外投资管理制度》； 9. 修 ...

特別股東大會通告 茲通告 中遠海運能源運輸股份有限公司（「本公司」）謹訂於二零二五年九月二十六 日（星 期 五）上午十時正假座中國上海市虹口區東大名路1171號遠洋賓館三樓舉行特 別股東大會（「特別股東大會」）或 其 任 何 續 會，以 審 議 並 酌 情 批 准 以 下 決 議 案。 除 另 有 說 明 外，本 通 告 所 用 詞 彙 與 本 公 司 日 期 為 二 零 二 五 年 九 月 八 日 的 通 函 所 界 定 者 具 有 相 同 涵 義。 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通告的內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 通 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 COSCO SHIPPING ENERGY TRANSPORTATION CO., LTD.* 中遠海運能源運輸股份有限公司 （在中華人民共和國註冊成立之股份有限公司） （股份代號：1138） 特別決議案 1. 審 議 及 批 准 關 於 ...

（股份代號：1138） 二零二五年九月二十六日（星期五）舉行的 特別股東大會適用的代表委任表格 COSCO SHIPPING ENERGY TRANSPORTATION CO., LTD.* （在中華人民共和國註冊成立之股份有限公司） | 序號 | 普通決議案# | 贊 成4 | 反 對4 | 棄 權4 | | --- | --- | --- | --- | --- | | 5. | 審議及批准關於建議修訂獨立董事工作制度的決議案。 | | | | | 6. | 審議及批准關於建議修訂關聯交易管理制度的決議案。 | | | | | 7. | 審議及批准關於建議修訂對外擔保管理制度的決議案。 | | | | | 8. | 審議及批准關於建議修訂對外投資管理制度的決議案。 | | | | | 9. | 審議及批准關於建議修訂累積投票制實施細則的決議案。 | | | | | 10. | 審議及批准關於建議修訂股票期權激勵計劃管理辦法的 | | | | | | 決議案。 | | | | | 11. | 審議及批准關於建議修訂股票期權激勵計劃實施考核管 | | | | | | 理辦法的決議案。 | | | | 日期： ...

閣下如已售出或轉讓 名下所有 中遠海運能源運輸股份有限公司 的 股 份，應 立 即 將 本 通 函、隨 附 之 代 表 委 任 表 格 轉交買主或承讓人，或經手買賣或轉讓的持牌證券交易商、註冊證券機構或其他代理，以便轉交買主或承讓人。 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通函之內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示概不對因本通函全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔 任何責任。 COSCO SHIPPING ENERGY TRANSPORTATION CO., LTD.* （在中華人民共和國註冊成立之股份有限公司） （股份代號：1138） 此乃要件 請即處理 閣下如 對本通函任何內容或應採取的行動 有任何疑問， 閣下應諮詢持牌證券交易商及其他註冊證券機構、銀行 經理、律師、專業會計師或其他專業顧問。 (6)建議修訂關聯交易管理制度 (7)建議修訂對外擔保管理制度 (8)建議修訂對外投資管理制度 (9)建議修訂累積投票制實施細則 (10)建議修訂股票期權激勵計劃管理辦法 (11)建議修訂股票期權激勵計劃實施考核管理辦法 (1)建議修訂公司章程 (2) ...

Core Insights - The shipping and port sector experienced a rise of 0.55% on September 5, with China Merchants Energy leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Sector Performance - The top performers in the shipping and port sector included: - China Merchants Tire (601872) with a closing price of 7.22, up 5.87%, and a trading volume of 1.6672 million shares, totaling 1.193 billion yuan [1] - COSCO Shipping Energy (600026) closed at 11.08, up 4.73%, with a trading volume of 1.1022 million shares, totaling 1.206 billion yuan [1] - HNA Technology (600751) closed at 4.26, up 3.90%, with a trading volume of 535,300 shares, totaling 224 million yuan [1] Market Capital Flow - The shipping and port sector saw a net inflow of 186 million yuan from main funds, while retail investors experienced a net outflow of 89.98 million yuan [2] - The sector's overall trading activity indicated a mixed sentiment among different investor types, with institutional investors showing a positive trend [2]

Group 1 - The core viewpoint of the article highlights that COSCO Shipping Energy (01138) has seen a significant stock price increase of 6.34%, reaching HKD 7.71, with a trading volume of HKD 80.81 million [1] - Eight OPEC+ countries are set to hold an online meeting to decide on oil production for October, with potential plans to withdraw approximately 1.65 million barrels per day from production cuts, which represents 1.6% of global demand, ahead of the original schedule by over a year [1] - Huayuan Securities anticipates a notable improvement in the oil transportation market's outlook by Q4 2025 due to the accelerated increase in OPEC+ production [1] Group 2 - Bank of America Securities reports that COSCO Shipping Energy's operational performance in the first half of the year met expectations, with net profit exceeding forecasts primarily due to one-time gains [1] - The bank has raised its profit forecasts for 2025 to 2027, reflecting the favorable conditions for the crude oil tanker market resulting from OPEC+ production increases and tightening U.S. sanctions [1] - The bank maintains a "Buy" rating on the company, viewing it as a major beneficiary of the tanker market recovery, and believes that the current valuation does not fully reflect the expected return on equity for shareholders in 2025 to 2026 [1]

Group 1 - Zhongyuan Shipping (01138) saw a stock increase of over 6%, reaching HKD 7.71 with a trading volume of HKD 80.81 million [1] - Eight OPEC+ countries are set to hold an online meeting to decide on October's oil production, with potential plans to withdraw approximately 1.65 million barrels per day from current cuts, equating to 1.6% of global demand, ahead of the original schedule by over a year [1] - Huayuan Securities anticipates a significant improvement in the oil shipping market's outlook by Q4 2025 due to the acceleration of OPEC+ production increases [1] Group 2 - Bank of America reported that Zhongyuan Shipping's operational performance in the first half of the year met expectations, with net profit exceeding forecasts primarily due to one-time gains [1] - The bank has raised its profit forecasts for 2025 to 2027, reflecting favorable conditions for the crude oil tanker market due to OPEC+ production increases and tightening U.S. sanctions [1] - The bank maintains a "buy" rating, suggesting that Zhongyuan Shipping will be a major beneficiary of the tanker market recovery, and believes that the current valuation does not fully reflect the expected shareholder return rates for 2025 to 2026 [1]