Core Viewpoint - Ningbo Ocean plans to establish two wholly-owned subsidiaries in Singapore to enhance its fleet structure and service capabilities through the construction of new container ships [1][2] Group 1: Investment Plans - The company intends to invest in the construction of 4 vessels of 2700 TEU and 4 vessels of 4300 TEU, with total investments of approximately RMB 11.94 billion and RMB 17 billion respectively [1] - The investment funds will primarily be used for shipbuilding projects and the establishment and operation of the overseas companies, sourced from self-owned or raised funds [1][2] Group 2: Business Performance - In the first half of 2025, the company achieved a container transport volume of 3.117 million TEU, representing a year-on-year increase of 21.8%, and a bulk cargo volume of 14.58 million tons, up 4.3% year-on-year [2] Group 3: Strategic Alignment - The investment is aligned with the company's strategic planning and is expected to enhance its core competitiveness without adversely affecting its financial status or main business operations [2] - The company aims to leverage Singapore's advantages as an international shipping hub to strengthen international market engagement and service capabilities [2] Group 4: Regulatory Considerations - The investment is subject to approval from relevant Chinese and Singaporean authorities, introducing a level of uncertainty regarding its implementation [2][3] - The company acknowledges potential adjustments to the investment plans based on external environmental changes and operational risks associated with international investments [3]