Investment Overview - The company plans to invest up to 1.4 billion RMB to build four 2700 TEU container ships to optimize fleet structure and enhance service capabilities [1][2] - The investment will be executed through a wholly-owned subsidiary in Singapore, with a total investment amount of approximately 1.194 billion RMB for the project [1][2] Investment Progress - As of the announcement date, the company has obtained necessary certificates for overseas investment and completed registration for the Singapore subsidiary [2] - Contracts for the construction of the four container ships have been signed with two shipbuilding companies, with a total contract value of 1.184 billion RMB [2][10] Company Information - The newly established Singapore subsidiary is named Ningbo Ocean Shipping (Singapore) Longitude Pte. Ltd., with a registered capital of 5 million SGD [3][4] - The subsidiary will focus on shipping operations, including ship chartering and management services [5] Contractual Details - Each shipbuilding contract is valued at 296 million RMB, with fixed pricing that does not fluctuate with market prices [11] - The delivery of the ships is scheduled to be completed by April 30, 2028, with specific payment terms outlined across multiple stages [11][15] Strategic Impact - This investment aligns with the company's strategic goals and is expected to strengthen its core competitiveness in the shipping industry [16] - The company will monitor various external factors that may impact the investment's progress and outcomes [16]