NBOSCO(SH:601022) Shang Hai Zheng Quan Bao·2025-10-21 18:28Core Viewpoint - Ningbo Ocean Shipping Co., Ltd. is advancing its strategy by investing in the construction of four 2700 TEU container ships and establishing a wholly-owned subsidiary in Singapore to manage this project [2][3][19]. Group 1: Investment in Container Ships - The company plans to invest up to 1.4 billion RMB to build four 2700 TEU container ships, aiming to optimize its fleet structure and enhance service capabilities [2]. - The investment for the construction of the ships is authorized to be managed by the company's operational management team through market research and competitive bidding [2]. Group 2: Establishment of Overseas Company - The company has approved the establishment of Ningbo Ocean (Singapore) Longitude Pte. Ltd. in Singapore, with an investment of approximately 1.194 billion RMB, to oversee the construction and operation of the new container ships [3][4]. - The overseas company has completed the necessary registration procedures in Singapore and has received the required investment certificates from local authorities [4]. Group 3: Contractual Agreements - Contracts have been signed with China Shipbuilding Huangpu Wenchong Shipbuilding Co., Ltd. and China Shipbuilding Industry Trade Co., Ltd. for the construction of the four container ships, with a total contract value of approximately 1.184 billion RMB [4][12]. - Each ship's construction contract is fixed at 296 million RMB, with specific payment terms outlined for different stages of the construction process [13][15]. Group 4: Company Structure and Operations - Ningbo Ocean (Singapore) Longitude Pte. Ltd. is a private limited company with a registered capital of 5 million SGD, focusing on shipping and ship management services [5][7]. - The company is wholly owned by Ningbo Ocean (Singapore) Co., Ltd., which will manage the investment and operational activities related to the new container ships [8].