| 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02343 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 佔有關事件前的現有已發 | | | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行股份（不包括庫存股份）數 目 | 行股份（不包括庫存股 | | 庫存股份數目 | | | | | | | 份）數目百分比 (註3) | | | | | | 於下列日期開始時的結存(註1) | 2024年12月2日 | 5,177,150,146 | | | 0 | | 5,177,150,146 | | 1). 其他 (請註明) | | | | % | | | | | 見B部分 | | | | | | | | | 變動日期 | 2024年12月3日 | ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 太平洋航運集團有限公司 (僅供識別) 呈交日期： 2024年12月2日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 | | 是 | | | | 證券代號 (如上市) | 02343 | 說明 | | | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 呈交日期： 2024年11月29日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02343 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | | 佔有關事件前的現有已發 | | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行股份（不包括庫存股份）數 目 | | 行股 ...

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文件的內容概不負責，對其準確性或完整性亦不發表任 何聲明，並明確表示，概不對因本文件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。 太平洋航運一直採取措施降低其現有乾散貨船的碳排放密度，並準備過渡至全新的低排放貨船及燃料，以實現於 2050年之前全面脫碳的長遠目標。誠如本公司於2022年10月所公布，在對各種潛在綠色燃料進行可行性評估後， 本集團認為，綠色甲醇是目前最適合其第一代低排放貨船的低碳航運燃料。由於該等貨船均為雙燃料低排放貨船， 可同時使用綠色甲醇及傳統燃油雙燃料運行，因此訂立上述貨船購買合約與本集團致力開發具商業可行性及高效 率的雙燃料低排放貨船，以及本集團旨在於2050年達到淨零排放的目標的過渡策略不謀而合。該等貨船將會是本 公司第一代低排放貨船，用作降低現有船隊的碳排放密度。此雙燃料功能為本公司提供了靈活性和選擇性，並憑 藉節省成本增強本公司的競爭優勢。 上市規則的涵義 由於各項收購事項按獨立基準計算所得的適用百分比率（定義見上市規則）的最高者少於5%，故按獨立基準計算， 各項收購事項不構成上市規則項下的須予披露交易 ...

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的任何損失承擔任何責任。 * 須予披露交易 建造兩艘雙燃料甲醇超大靈便型乾散貨船 於2024年11月28日，太平洋航運的全資附屬公司（即買方A及買方B）與聯合賣方（作為建造方）訂立兩份條款大 致相同的造船合約，以建造兩艘雙燃料甲醇乾散貨船（「貨船A」及「貨船B」，統稱「該等貨船」），所涉總代價約為 93,000,000美元（各自為一項「交易」，統稱「交易事項」）。 預期該等貨船的代價將以本集團現金儲備及╱或透過銀行借款於該等貨船交付前撥付。聯合賣方預期貨船A及貨 船B的預計交付日期將分別為2028年12月或之前及於2029年上半年內。 太平洋航運一直採取措施降低其現有乾散貨船的碳排放密度，並準備過渡至全新的低排放貨船及燃料，以實現於 2050年之前全面脫碳的長遠目標。誠如本公司於2022年10月所公布，在對各種潛在綠色燃料進行可行性評估後， 本集團認為，綠色甲醇是目前最適合其第一代低排放貨船的低碳航運燃料。由於該等貨船均為雙燃料低排 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 第 1 頁 共 5 頁 v 1.3.0 FF305 確認 不適用 表格類別： 股票 狀態： 新提交 公司名稱： 太平洋航運集團有限公司 (僅供識別) 呈交日期： 2024年10月30日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02343 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股 ...

Financial Data and Key Metrics Changes - In Q3 2024, Handysize and Supramax freight rates averaged $11,700 and $13,820 net per day, representing increases of 53% and 45% respectively compared to Q3 2023 [2] - Core business generated average Handysize and Supramax daily time charter equivalent earnings of $13,740 and $12,220 net per day, reflecting year-on-year increases of 35% and 6% respectively [5] - The company has covered 74% and 84% of its core committed vessel days for Q4 2024 at $12,570 and $12,190 per day for Handysize and Supramax respectively [6] Business Line Data and Key Metrics Changes - Global minor bulk loadings increased by approximately 2% in Q3 2024 compared to the same period last year, with bauxite, agribulk, and fertilizer loadings rising by 19%, 11%, and 2% respectively [4] - Global coal loadings remained flat year-on-year, with a 9% increase in Indonesian loadings [4] - Global grain loadings were 6% higher than in Q3 2023, with Argentina and the U.S. increasing their loadings by 51% and 33% respectively [5] Market Data and Key Metrics Changes - The Baltic Exchange Forward Freight Agreements indicate Handysize rates for Q4 2024 at $11,390 net per day and Supramax rates at $13,040 net per day [3] - Chinese steel production declined by 3% in the first eight months of 2024, while exports increased by 21% in the first nine months [4] - Ukraine grain loadings surged by 367% compared to Q3 2023, although still 24% lower than in 2021 [5] Company Strategy and Development Direction - The company is focusing on optimizing short-term earnings while increasing overall coverage for 2025 [6] - A $40 million share buyback program has been initiated, with approximately 105.8 million shares repurchased for about $31.7 million [9] - The company plans to continue monitoring developments in the Red Sea and Gulf of Aden, which are impacting fleet efficiency and increasing tonne-mile demand [12] Management's Comments on Operating Environment and Future Outlook - Management expressed modest optimism for 2025, citing potential benefits from lower interest rates and ongoing fiscal support from China [22] - The company noted that the lack of seasonality in the market this year may continue into next year due to geopolitical factors [24] - Management highlighted that the ongoing conflict in the Middle East and limited Suez Canal transit are positively impacting the dry cargo segment [36] Other Important Information - The company has sold 24 older vessels since 2021 and is expanding its fleet with larger, more efficient vessels [13] - The company is assessing its readiness to commit to ordering low-emission vessels, aligning with sustainability goals [14] Q&A Session Summary Question: Optimism around China stimulus and early lead indicators - Management noted that while there are challenges in the property market, commodity demand remains high, and fiscal support from the government could positively impact the dry cargo segment [18][20] Question: Outlook for 2025 compared to 2024 - Management sees a mix of pros and cons for 2025, with uncertainties such as U.S. elections and trade tariffs, but remains modestly positive [22] Question: Capital return and CapEx policy for 2025 - Management confirmed that at least 50% of excess cash will be returned through dividends or share buybacks, depending on investment opportunities [25][26] Question: Details on low emissions vessels and financial benefits - Management is still in the design phase for low-emission vessels and will only proceed if it creates value for the company [27] Question: Impact of ongoing conflict in the Middle East and Suez Canal transit - Management indicated that limited Suez Canal transit is positively affecting the market, while normalization of the Panama Canal has led to increased U.S. grain exports [35][36]

LEADING THE WAY IN DRY BULK SHIPPING Pacific Basin 3Q24 TRADING UPDATE 17 OCTOBER 2024 PERFORMANCE AND MARKET REVIEW LIMITED SEASONALITY CONTINUES - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 Handysize Market Spot Rates (BHSI) 38k dwt (tonnage adjusted^) US$/day net* $11,360 FFA Average* $11,390 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 Supramax Market Spot Rates (BSI) 58k dwt US$/day net* $13,040 FFA Average* $13,300 Jan Feb Mar Apr May Jun Jul A ...

Financial Performance - In the first half of 2024, the company recorded a basic profit of $43.9 million and a net profit of $57.6 million, with EBITDA of $157.9 million, resulting in a return on equity of 6% and basic earnings per share of HKD 0.087[6]. - For the first half of 2024, the company reported a revenue of $1,281.5 million, an increase from $1,148.1 million in the same period of 2023, representing an increase of approximately 11.6%[11]. - The net profit for the first half of 2024 was $57.6 million, compared to $85.3 million in the first half of 2023, indicating a decrease of about 32.5%[11]. - The company achieved an EBITDA of $157.9 million for the first half of 2024, down from $189.1 million in the same period of 2023, reflecting a decline of approximately 16.4%[11]. - The company’s net profit margin for the first half of 2024 was 4%, down from 7% in the first half of 2023[11]. - The company’s basic earnings per share (EPS) for 2024 is 1.11 USD, down from 1.64 USD in 2023, representing a decrease of approximately 32.3%[131]. Operational Highlights - The company completed over 1,130 voyages in the first half of 2024, supported by a fleet of approximately 286 owned and chartered vessels[3]. - The average daily profit during operational days was $550, generating $7.8 million in revenue, excluding management expenses[7]. - The average daily operating days for the fleet in the first half of 2024 is projected to be 7,800,000[55]. - The average daily revenue for the company's large and ultra-large bulk carriers was $12,670, with a total of 76,800,000 in daily revenue, while the average indices for small and ultra-small bulk carriers were $9,780 and $11,030, respectively[26]. - The average daily performance of small bulk carriers exceeded the BHSI index by $840, while ultra-small bulk carriers outperformed the index by $410[52]. Fleet and Market Dynamics - The estimated market value of the small handy and super handy bulk carriers as of June 30, 2024, was $2.2 billion, significantly higher than the book value of $1.738 billion[7]. - The company’s fleet capacity was reported at 286 million tons with an average age of 13 years as of June 30, 2024[14]. - The global dry bulk cargo loading volume increased year-on-year, driven by rising demand for minor bulk, iron ore, and grains, despite concerns over global economic growth and geopolitical conflicts[39]. - The order book for new dry bulk carriers remains constrained, with the total order volume accounting for 9.7% of the existing fleet, and new orders for the first half of 2024 decreased by 13% compared to the same period last year[31]. - The net growth rate of the global dry bulk carrier fleet was 1.6% year-to-date, with a net growth rate of 2.1% for small and ultra-small bulk carriers[31]. Financial Position and Liquidity - The company maintained a healthy financial position with committed available liquidity of $537.4 million and a net debt ratio of only 2%[6]. - The total cash and deposits amounted to $215.0 million as of June 30, 2024, down from $261.5 million at the end of 2023[11]. - The company’s operating cash flow for the first half of 2024 was $133.6 million, compared to $184.8 million in the first half of 2023, a decrease of about 27.7%[11]. - The company has committed liquidity of $537,400,000 available for operational needs[26]. - The net debt as of June 30, 2024, was $32.2 million, a 17% decrease from $38.9 million at the end of 2023[66]. Dividend and Shareholder Returns - The company declared an interim dividend of HKD 0.041 per share, representing approximately 50% of net profit excluding gains from vessel sales[6]. - The interim dividend declared was 4.1 HK cents per share, representing approximately 50% of the net profit for the period[25]. - The company announced a share buyback program of up to $40 million, reflecting confidence in the long-term prospects of the dry bulk shipping market[25]. - The company repurchased a total of 42,716,000 shares at a cost of approximately HKD 113,800,000 (about USD 14,600,000) during the first half of 2024[87]. Environmental and Sustainability Initiatives - The company is committed to achieving significant progress in reducing carbon emissions and aims for net-zero emissions by 2050[34]. - The company is finalizing the design of dual-fuel low-emission vessels capable of operating on fuel and methanol, with a decision on construction expected in 2024[33]. - The company has implemented measures that are expected to reduce fuel consumption by approximately 8% through the application of silicone resin coatings on 22 owned vessels[76]. - The company is actively modernizing its existing fleet with the latest eco-friendly technologies, including low-friction silicone resin hull coatings[33]. - The company aims to enhance its governance and risk management practices to build stakeholder confidence and ensure sustainable value creation[83]. Employee and Community Engagement - The company is committed to attracting and retaining a diverse workforce, offering competitive compensation and training programs[108]. - The company emphasizes the importance of employee safety and well-being amid increasing threats in the maritime industry[36]. - The company has implemented community measures to support education and mental health, including an internship program for ethnic minorities in Hong Kong[82]. - The company is committed to improving employee health and safety standards, including additional psychological screening for crew members before boarding[77]. Governance and Risk Management - The company received a BBB rating from MSCI for its ESG performance in the first half of 2024[84]. - The company ranked in the top 10% for governance quality according to the Institutional Shareholder Services (ISS) assessment[84]. - The company emphasizes a strong governance and risk management framework to enhance stakeholder confidence and ensure effective implementation of sustainability strategies[33].

Financial Data and Key Metrics Changes - In the first half of 2024, the company generated an underlying profit of USD 44 million and a net profit of USD 58 million, with an EBITDA of USD 158 million, resulting in a 6% annualized return on equity and basic earnings per share of HKD 8.7 [2][3] - The company maintained a healthy financial position with USD 537 million in committed liquidity and net borrowings of just USD 32 million [3][13] - The interim dividend declared was HKD 4.1 per share, amounting to USD 28 million, representing 50% of the net profit for the period, excluding vessel disposal gains [3] Business Line Data and Key Metrics Changes - The large core business generated USD 77 million before overheads, with Handysize vessels contributing 41% and Supramax vessels contributing USD 36 million [2] - Operating activities saw significant growth, with an increase in vessel numbers and operating days, contributing an additional USD 8 million for the business [3][9] - The average market spot freight rates for the Baltic Exchange Handysize Index and the Baltic Exchange Supramax Index were USD 10,970 and USD 13,280 net per day, respectively [5] Market Data and Key Metrics Changes - Global dry bulk loading volumes grew approximately 2% year-on-year, with minor bulk loading volumes also up by 2% [17] - Grain loadings increased by 4%, driven by significant contributions from Argentina, Ukraine, and Brazil, with Argentina experiencing a 29% increase in grain loadings [17][18] - The company observed a nearly 13% decline in new building orders for Handysize and Supramax vessels, attributed to rising new building costs and uncertainties surrounding environmental regulations [21] Company Strategy and Development Direction - The company aims to optimize its capital structure, invest in value-adding and countercyclical growth opportunities, and distribute profits to shareholders in accordance with its distribution policy [4] - The long-term strategy focuses on expanding and renewing the fleet, particularly growing the Supramax and Ultramax fleet while replacing older Handysize vessels with younger, larger, and more efficient ships [21][24] - The company is committed to decarbonization and is collaborating with Japanese partners to design dual-fuel low-emission vessels [25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the supportive fundamentals of the industry and the overall global economic outlook, despite challenges such as high interest rates and geopolitical conflicts [26] - The company anticipates an increase in global dry bulk loadings and tonnage demand due to limited transit of dry bulk vessels to the Suez and Panama Canals [27] - Management noted that the disruptions in the Suez and Panama Canals have created fleet inefficiencies, impacting market dynamics positively [5][20] Other Important Information - The company has launched a share buyback program of up to USD 40 million, with approximately 42.7 million shares repurchased and canceled for about USD 14.6 million [4][15] - The cash position remains unchanged at USD 261 million, with operating cash inflow for the period at USD 103 million [13][14] - The company has maintained optionality in its long-term charter portfolio with purchase and extension options [16] Q&A Session Summary Question: Specific commodity types expected to see increased demand in the second half of 2024 - Management indicated that the grain season from the Northern Hemisphere, particularly from the U.S. and Europe, is expected to drive increased activity starting in October [29] Question: Environmental regulations and scrapping timeline - Management explained that scrapping of older ships is expected to pick up closer to 2030 due to market conditions and environmental regulations, with no significant incentive to scrap as long as older ships remain profitable [30][31] Question: Plans for dual-fuel ships - Management stated that while there is room for various fuels, methanol is currently seen as the best option for their smaller ships due to cost considerations [34] Question: Supply growth versus demand growth for Handysize vessels - Management expressed optimism about demand outlook, indicating that while there are uncertainties, the overall demand picture remains positive [39][40] Question: Share buyback acceleration - Management confirmed that they will not accelerate the share buyback program but will continue with the existing plan [42] Question: Current NAV compared to share price - Management disclosed that the fair market value of their assets is USD 2.4 billion, indicating a significant difference from the book value, which supports the rationale for the share buyback [43][44] Question: Short-term charter costs and strategy changes - Management acknowledged elevated short-term charter costs due to market disruptions and indicated a potential adjustment in covering strategy to maintain flexibility [46][52]