Group 1 - Xinjiang COSCO Shipping Logistics Supply Chain Company has been established with a registered capital of 400 million RMB [1] - The legal representative of the company is Ding Jian [1] - The business scope includes road transportation of hazardous goods, international road freight transportation, and supply chain management services [1] Group 2 - The company is wholly owned by COSCO Shipping Logistics Supply Chain Co., Ltd. [1]

Core Viewpoint - The company announced the implementation of the profit distribution plan for the fiscal year 2024, which was approved at the shareholders' meeting on June 30, 2025 [2][12]. Distribution Plan - The profit distribution is based on the total share capital of 2,743,920,395 shares, with a cash dividend of 0.279 yuan per share (before tax), totaling 765,553,790.21 yuan [4]. - The distribution is applicable to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the day before the equity registration [3]. Implementation Dates - Specific dates related to the distribution and implementation methods were mentioned but not detailed in the provided content [5]. Tax Deduction Information - For individual shareholders holding unrestricted circulating shares, the tax treatment varies based on the holding period, with dividends exempt from personal income tax for shares held over one year [8]. - For shares held less than one month, the entire dividend is subject to personal income tax, while shares held between one month and one year are taxed at 50% of the dividend amount [8]. - For qualified foreign institutional investors (QFII), a 10% withholding tax applies, resulting in a net cash dividend of 0.2511 yuan per share after tax [9][10]. Contact Information - For inquiries regarding the equity distribution, shareholders can contact the Securities Affairs Department at 020-38161888 [11].

Group 1 - The announcement from Shanghai Clearing House details the issuance of a medium-term note by China Ocean Shipping Group Co., Ltd. for the first phase of 2024, with a total issuance amount of 3 billion RMB [1] - The bond has a maturity period of 15 years, with an interest rate of 2.37% for the current interest period, and the interest payment date is set for August 12, 2025 [1] - The total interest payable for this period amounts to 71.1 million RMB, which will be transferred to the designated bank accounts of bondholders on the payment date [1]

Core Viewpoint - The company is engaging in a related party transaction to lease four 9,000-ton special liquid cargo ships for approximately 15 years, which aims to enhance its operational capabilities and service offerings in the shipping industry [2][5][17]. Group 1: Transaction Overview - The company’s wholly-owned subsidiary, Hainan COSCO Shipping Asphalt Transportation Co., Ltd., will lease four 9,000-ton special liquid cargo ships from a subsidiary of COSCO Shipping Development Co., Ltd. [2][4]. - The lease terms include a daily rental fee of approximately 40,250 RMB per ship for both the ordinary and ice-class vessels, with an annual rental payment of about 14.69 million RMB per ship after delivery [2][4][17]. - This related party transaction requires approval from the company's first extraordinary general meeting of 2025, with related shareholders abstaining from voting [3][7][18]. Group 2: Financial Implications - The total amount of this related party transaction exceeds 30 million RMB and accounts for more than 5% of the company's most recent audited net assets [8]. - The transaction is expected to improve the company's service capabilities for diverse cargo transportation, enhance fleet competitiveness, and optimize operational structure, thereby increasing overall profitability and shareholder returns [17][19]. Group 3: Approval Process - The transaction has been approved by the company's eighth board of directors, with related directors abstaining from the vote, and it will be submitted for shareholder approval [6][18]. - The independent board members have also reviewed the transaction, confirming that it adheres to relevant regulations and does not harm the interests of the company or its shareholders [20][21].

Core Viewpoint - The sale of ports by Li Ka-shing's CK Hutchison Holdings, particularly the key ports at either end of the Panama Canal, has sparked significant discussion due to their strategic importance in global trade and the implications for China and the U.S. [1][5][19] Group 1: Transaction Details - CK Hutchison Holdings plans to sell 43 global ports, including Balboa and Cristobal ports, for $22.8 billion, which control approximately 6% of global trade flow [1][5] - The Panama Canal is crucial for China, with 85% of its imported LNG and 60% of iron ore relying on this route [3][8] Group 2: Strategic Importance - The ports are vital for Chinese shipping, as bypassing the Panama Canal would increase shipping distance by 15,000 kilometers and extend transit time by 20 days, raising costs significantly [3][8] - The construction of alternative routes, such as the Chancay Port in Peru and the Nicaragua Canal, indicates China's efforts to secure trade routes in response to U.S. influence [8][16] Group 3: Political and Regulatory Context - The transaction has faced regulatory scrutiny in China, with the State Administration for Market Regulation freezing the deal due to national security concerns [5][19] - U.S. military exercises in Panama and attempts to influence Panama's stance on China's Belt and Road Initiative highlight the geopolitical tensions surrounding this transaction [9][19] Group 4: Financial Implications - Following the freeze on the port sale, CK Hutchison's stock lost HKD 78.1 billion in value, and the company faces a tax demand of $1.3 billion from the Panamanian government [19][21] - China COSCO Shipping has expressed interest in joining the acquisition consortium, seeking to ensure preferential access for Chinese vessels [12][19] Group 5: Outcome and Future Prospects - The ongoing negotiations have been delayed, with the potential for further postponements as U.S. and Chinese interests clash over the ports [19][21] - The situation reflects a broader struggle between U.S. and Chinese influence in Latin America, with Li Ka-shing's reputation and financial standing taking a significant hit [21]

Core Viewpoint - The impending sale of Li Ka-shing's port assets, valued at $22.8 billion, raises significant concerns regarding national security and geopolitical implications, particularly with the involvement of a U.S. asset management firm, BlackRock [3][5][34]. Group 1: Transaction Details - Li Ka-shing plans to sell his global port network under CK Hutchison Holdings for $22.8 billion, marking a high-value exit strategy [3][5]. - The buyer is BlackRock, the world's largest asset management company, which aims to acquire critical shipping nodes [5][34]. - The sale includes 43 port assets, with the Panama Canal ports being the most strategically significant [9][11]. Group 2: Geopolitical Implications - The Panama ports are crucial for global trade, handling 6% of the world's maritime trade and a significant portion of China's external trade [11][13]. - Concerns arise that U.S. control over these ports could disrupt China's trade routes, posing a direct threat to its economic interests [13][15]. - The transaction has sparked a nationalistic backlash in China, with calls for scrutiny over the potential risks to national security [17][21]. Group 3: Regulatory and Political Response - Chinese authorities have indicated that the transaction will undergo antitrust review due to its implications for market competition and public interest [21][23]. - The Chinese government has signaled its intent to intervene, emphasizing the need for Chinese state-owned enterprises to have a stake in the deal [25][28]. - BlackRock has been compelled to include China’s COSCO Shipping as an equal partner in the acquisition to mitigate regulatory pushback [32][34]. Group 4: Broader Implications for Global Business - The situation illustrates a shift in the global business landscape, where national security considerations increasingly influence commercial transactions [34][36]. - The evolving dynamics suggest that future deals involving critical infrastructure will require reassessment of their value within national borders [38].

Group 1 - The company has appointed Gu Zhongdong as the chairman and party secretary, bringing extensive experience in the shipping industry [2] - Gu Zhongdong graduated from Dalian Maritime University with a bachelor's degree in engineering and has held various leadership positions in major shipping companies [2] - China Shipbuilding Group's subsidiary, China Merchants Heavy Industry, focuses on shipbuilding and marine engineering equipment, aiming to become a leading enterprise in the industry [2] Group 2 - China Merchants Heavy Industry is a leader in modern commercial shipbuilding, capable of constructing over 7.5 million deadweight tons of various commercial vessels annually [3] - The company has delivered more than 860 vessels, with over 10 ship types filling gaps in China's shipbuilding industry [3] - It is also a pioneer in marine engineering equipment construction, capable of undertaking 12 offshore products and 20 modules annually, with over 50 completed offshore projects [3] - The company is recognized as the "repair aircraft carrier of China" and the "first FPSO modification factory," with the capacity to repair and modify over 1,500 vessels each year [3] - It provides specialized support services for ships and offshore engineering, ensuring high-quality technical services at any coastal port in China [3]

Group 1 - The company has received approval to register medium-term notes with a total amount not exceeding RMB 5 billion [1][2] - The registration is valid for two years from the date of the acceptance notice issued by the trading association [2] - The company plans to issue the medium-term notes in phases based on funding needs and market conditions [2] Group 2 - The main underwriter for the medium-term notes is China Merchants Bank [2] - The company will disclose the issuance results through approved channels after the issuance is completed [2] - The board of directors has ensured the accuracy and completeness of the announcement [1][4]

Core Viewpoint - China COSCO Shipping's container transportation division is committed to building a global leading low-carbon shipping ecosystem, emphasizing the importance of green transformation as a strategic necessity for survival in the shipping industry [4][5]. Group 1: Strategic Goals and Framework - The company has elevated its green transformation to a strategic level, aiming to construct a global leading low-carbon shipping ecosystem, reflecting its responsibility as an industry leader and forward-thinking approach regarding the "dual carbon" strategy [4]. - A clear green development path has been established, integrating shipbuilding, retrofitting, green fuel usage, carbon emission control, and ecosystem building into a cohesive framework [6]. Group 2: Fleet and Fuel Innovations - The company employs a dual strategy of new shipbuilding and retrofitting existing vessels to optimize fleet structure, focusing on the application of alternative fuels as a key component in decarbonization [8]. - Significant upgrades have been made to over 30 large container ships, achieving an average annual carbon reduction of over 15% per vessel through various energy-saving modifications [9]. - The company is constructing 12 dual-fuel methanol container ships, which will form the world's largest methanol-powered container fleet, expected to reduce carbon emissions by 1.2 million tons annually upon full operation by 2026 [9]. Group 3: Service and Supply Chain Enhancements - The introduction of the "Hi ECO" green shipping product allows for traceable carbon footprint management using blockchain technology, serving over 500 global clients and achieving a cumulative carbon reduction of over 80,000 tons [9]. - The company has successfully established a closed-loop ecosystem for green methanol, with the recent completion of a 500-ton green methanol bunkering at Dalian Port, showcasing a fully integrated domestic low-carbon solution [9]. Group 4: Industry Collaboration and Future Directions - The transition to green shipping requires collaboration across the entire industry, as demonstrated by partnerships with China Ship Fuel, Dalian Port, and local governments to enhance the Northeast Asia green methanol supply chain [11]. - Future initiatives include upgrading green fuel production capacity, expanding port energy networks, and participating in international standard-setting to enhance China's influence in the global green shipping framework [14].

Core Viewpoint - The successful unloading of the "Nanhai No. 8" semi-submersible drilling platform by COSCO Shipping Specialized Carriers marks a significant advancement in Sino-Brazilian cooperation in the marine engineering sector [1] Group 1: Company Operations - COSCO Shipping Specialized Carriers has completed the unloading operation of the "Nanhai No. 8" platform, which will serve Petrobras for nearly four years in offshore oil and gas tasks [1] - The "Xiang'an Kou" vessel, equipped with intelligent systems, is the first of its kind in China, capable of submerging to a maximum depth of 26 meters, representing a technological flagship for the company [1] - The company has established itself as a key partner for Chinese enterprises going global, providing customized services for various cargo types including engineering machinery and new energy vehicles [2] Group 2: Market Growth and Strategy - COSCO Shipping Specialized Carriers has seen rapid growth in the South American market, with Brazil becoming its largest single market for specialized transportation, handling over 8 million tons of cargo annually between China and Brazil [1] - The company is planning to launch customized shipping routes, including a direct service from Taicang to Victoria for electric vehicles, addressing issues of capacity and delivery times [3] - The company aims to establish a direct shipping route from Zhuhai to Manaus, enhancing logistics reliability and reducing transportation costs and risks [3] Group 3: Environmental Initiatives - The company is exploring green shipping solutions, such as shore power connections at ports, to reduce carbon emissions in shipping operations [4] - COSCO Shipping Specialized Carriers has significantly increased the volume of pulp transported from Brazil to China, growing from 300,000 tons to nearly 5 million tons over five years, reflecting a commitment to sustainable practices [3]