Group 1 - The company has completed the industrial and commercial change registration and obtained a new business license on July 3, 2025 [2] - The company held its 28th meeting of the second board of directors on June 16, 2025, and the second extraordinary general meeting of shareholders on July 2, 2025, to approve the proposal for changing registered capital and amending the articles of association [1] - The company is authorized by the shareholders' meeting to handle industrial and commercial registration and articles of association filing [1] Group 2 - The updated business registration information includes operations in the transportation of ships and bulk liquid hazardous goods, as well as various general projects such as domestic cargo transportation agency and international ship management [2] - The company is allowed to independently conduct business activities as per the business license, except for projects that require approval from relevant authorities [2]

General Provisions - The company aims to protect the legal rights of Xingtong Shipping Co., Ltd., its shareholders, and creditors, while adhering to the leadership of the Communist Party of China [2] - The company was established as a joint-stock company in accordance with the Company Law and is registered in Quanzhou, Fujian Province with a unified social credit code [2][3] - The company was approved by the China Securities Regulatory Commission to issue 50 million shares of common stock to the public on February 10, 2022, and was listed on the Shanghai Stock Exchange on March 24, 2022 [2][3] Company Structure - The registered capital of the company is RMB 325 million [3] - The company is a permanent joint-stock company, with all assets divided into equal shares, and shareholders are liable only to the extent of their subscribed shares [3] - The company’s articles of association serve as a legally binding document governing the organization and behavior of the company and its stakeholders [3] Business Objectives and Scope - The company's business objective is to create value and pursue excellence by focusing on customer needs and providing safe, efficient, and reliable services [4] - The company is authorized to engage in various activities, including waterway transportation of hazardous goods, domestic ship management, and international shipping services [4] Share Issuance - The company issues shares in the form of stocks, with all shares having equal rights [5] - The total number of shares issued by the company is 325 million, all of which are common shares with a par value of RMB 1 per share [5][6] Shareholder Rights and Obligations - Shareholders have the right to receive dividends and participate in decision-making processes, including voting at shareholder meetings [10][11] - Shareholders are required to comply with laws and regulations, pay their subscribed capital, and not abuse their rights to harm the company or other shareholders [12][13] Party Organization - The company has established a grassroots organization of the Communist Party of China to promote its policies and ensure compliance with party directives [9][10] - The party organization is responsible for educating and managing party members, maintaining discipline, and promoting the rights of the masses [10] Shareholder Meetings - The company holds annual and extraordinary shareholder meetings, with specific procedures for notifying shareholders and conducting votes [19][20] - Decisions made at shareholder meetings require a majority or two-thirds majority vote, depending on the nature of the resolution [80][82] Financial Transactions and Guarantees - The company must seek shareholder approval for significant financial transactions, including asset purchases and guarantees exceeding certain thresholds [15][17] - The company is prohibited from providing financial assistance to related parties, ensuring that transactions are conducted fairly and transparently [18]

| | | 第一章 总则 兴通海运股份有限公司章程 二〇二五年七月 | | | 第七条 公司注册资本为人民币 32,500 万元。 第八条 公司为永久存续的股份有限公司。 第一条 为维护兴通海运股份有限公司、股东和债权人的合法权益，规范公司的 组织和行为，充分发挥中国共产党的领导核心和政治核心作用，根据《中华人民共 和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证 券法》）、《中国共产党章程》和其他有关规定，制订本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司（以下简称 公司）。 公司由泉州市泉港兴通船务有限公司整体变更设立；在泉州市市场监督管理局 注册登记，取得营业执照，统一社会信用代码为 91350505705245753B。 第三条 公司于 2022 年 2 月 10 日经中国证券监督管理委员会（以下简称中国证 监会）批准，首次向社会公众发行人民币普通股 5,000 万股，于 2022 年 3 月 24 日在 上海证券交易所上市。 第四条 公司根据《中国共产党章程》规定，设立中国共产党的组织，发挥其领 导核心和政治核心作用，并建立党的工作机构，研究方向性、 ...

证券代码：603209 证券简称：兴通股份 公告编号：2025-056 兴通海运股份有限公司 关于完成工商变更登记并换发营业执照的公告 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。 兴通海运股份有限公司（以下简称"公司"）于 2025 年 6 月 16 日召开第二 届董事会第二十八次会议、2025 年 7 月 2 日召开 2025 年第二次临时股东大会， 审议通过了《兴通海运股份有限公司关于变更注册资本并修订<公司章程>的议 案》，并由股东大会授权公司董事会及董事会委派专人办理工商登记、章程备案 等事宜。具体内容详见公司于 2025 年 6 月 17 日、2025 年 7 月 3 日在指定信息 披露媒体及上海证券交易所网站（http://www.sse.com.cn）披露的相关公告。 公司已于 2025 年 7 月 3 日完成工商变更登记、章程备案，并取得了泉州市 市场监督管理局换发的《营业执照》。变更后的相关工商登记信息如下： 1、名称：兴通海运股份有限公司 2、统一社会信用代码：91350505705245753B 3、 ...

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms the legality and validity of the procedures and qualifications related to the second extraordinary general meeting of shareholders of Xingtong Shipping Co., Ltd. scheduled for July 2, 2025 [1][6]. Group 1: Meeting Procedures - The meeting was convened by the 28th meeting of the second board of directors, and the notice of the meeting was published 15 days prior to the meeting date [2][3]. - The meeting took place at the designated location and time, with provisions for both on-site and online voting [3][4]. Group 2: Attendance and Voting - A total of 326 participants attended the meeting, holding 177,013,363 shares, which represents 55.1787% of the total voting shares [4]. - The qualifications of the attendees, including shareholders and their proxies, were verified and deemed valid [3][4]. Group 3: Resolutions and Voting Results - The meeting approved the proposal to change the registered capital and amend the company's articles of association, with 99.8954% of the valid votes in favor [5]. - The voting process combined both on-site and online votes, ensuring a comprehensive tally of the results [5][6].

2025 年第二次临时股东大会 上海市锦天城律师事务所 关于兴通海运股份有限公司 法律意见书 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于兴通海运股份有限公司 2025 年第二次临时股东大会 法律意见书 兴通海运股份有限公司： 上海市锦天城律师事务所（以下简称"本所"）接受兴通海运股份有限公司（以下 简称"贵司"或"公司"）委托，就贵司召开 2025 年第二次临时股东大会有关事宜，根 据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司股东会规则》等法律、 法规、规章和其他规范性文件以及《兴通海运股份有限公司章程》（以下简称"《公司章 程》"）的有关规定，出具本法律意见书。 地址：上海市浦东新区银城中路 501 号上海中心大厦 11、12 层 电话：021-20511000 传真：021-20511999 邮编：200120 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务管理办 法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行了法定职责， 遵循了勤勉尽责和诚实信用原则，对本次股东大会所涉及的相关事项进行了必要的核查 和验证，核查了本所认为出具 ...

兴通海运股份有限公司 2025年第二次临时股东大会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 证券代码：603209 证券简称：兴通股份 公告编号：2025-055 (一)股东大会召开的时间：2025 年 7 月 2 日 (二)股东大会召开的地点：福建省泉州市泉港区驿峰东路 295 号兴通海运大厦七 楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 326 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 177,013,363 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 55.1787 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由董事会召集，董事长陈兴明先生主持，会议采用现场投票与 网络投票相结合的表决方式，会议的召集、召开及表决方式符合 ...

Investment Rating - The report maintains an "Overweight" rating for the transportation industry, indicating expectations for the industry to outperform the overall market [11]. Core Insights - The shipping sector is expected to see performance improvements driven by a shift in oil production policies and a tightening supply of older vessels, with demand for small container ships increasing due to regional industrial shifts [1][2]. - The shipbuilding market is anticipated to recover as demand is expected to rebound following the easing of trade tensions, with new orders and ship prices likely to rise [2]. - The aviation sector is experiencing steady growth in passenger traffic, with a narrowing decline in ticket prices, suggesting a recovery in airline revenues [2]. - The express delivery industry is facing a decline in growth rates, with increased competition in the mid-to-high-end e-commerce segment, but companies like SF Express are expected to maintain strong growth [2][3]. Shipping Sector Summary - The demand for oil tankers and bulk carriers is improving, with Q2 performance estimates showing significant increases for companies like COSCO Shipping Energy and China Merchants Energy [2]. - The small container ship market is experiencing rising charter rates and second-hand prices, with a tight supply situation expected to persist until at least 2030 [2]. Shipbuilding Sector Summary - The easing of the 301 tariffs is expected to release pent-up demand in the shipbuilding market, with new orders likely to increase as trade relations improve [2]. - The report highlights that China's shipbuilding industry is recovering from previous pressures, with new orders returning to a leading position [2]. Aviation Sector Summary - The aviation market is entering a peak season with stable growth in passenger numbers, and airlines are expected to benefit from improved cost structures due to lower fuel prices [2]. - Recommendations include major airlines such as China Southern Airlines and China Eastern Airlines, which are projected to return to profitability [3]. Express Delivery Sector Summary - The express delivery industry is seeing a decrease in growth rates, with competition intensifying in the e-commerce segment, particularly for mid-to-high-end services [2]. - Despite the overall slowdown, SF Express is expected to continue its high growth trajectory, driven by operational expansions and new service offerings [2]. Road and Rail Sector Summary - The report anticipates stable growth in highway traffic and toll revenues, with recommendations for companies like Zhejiang Expressway and Ninghu Expressway [2]. - Rail passenger traffic is also expected to grow, albeit at a slower pace, with recommendations for high-speed rail companies [2].

Core Viewpoint - International oil prices experienced a significant decline due to the de-escalation of geopolitical tensions, with prices dropping over 8% in a single day, effectively reversing gains made since June 13 [1][2][3] Oil Price Movement - On June 23, international oil prices fell sharply after initial increases due to heightened geopolitical risks, with WTI crude oil futures dropping by $6.61 to $67.23 per barrel (down 8.95%) and Brent crude oil futures falling by $6.36 to $70.65 per barrel (down 8.26%) [2] - Following the announcement of a ceasefire between Iran and Israel, oil prices continued to decline, nearly erasing all gains from the previous weeks [1][3] Impact on Oil and Shipping Stocks - The oil and shipping sectors in the A-share market faced significant losses on June 24, with companies like Shandong Molong and Tongyuan Petroleum hitting their daily limit down [1][4] - Prior to the decline, oil-related stocks had surged, with Shandong Molong experiencing a nearly 95.44% increase from June 13 to June 23 [4] Market Sentiment and Future Outlook - Analysts predict that the easing of geopolitical tensions will shift market focus back to fundamental and macroeconomic drivers, with expectations of oil prices stabilizing in the $60-$65 per barrel range for Q3, but facing potential downward pressure in Q4 [6] - The market is also influenced by OPEC's continued production increases and macroeconomic factors such as U.S. tariff policies and inflation risks [6]

Group 1 - The A-share port and shipping sector experienced a significant decline at the beginning of trading, with major companies like China Merchants Energy and Xingtong Co. hitting the daily limit down [1] - China National Aviation's ocean shipping segment fell over 12%, indicating a broader downturn in the industry [1] - Other companies such as COSCO Shipping Energy and China Merchants Shipping also followed the downward trend, reflecting a negative sentiment in the market [1]