Core Viewpoint - COSCO SHIPPING Development (中远海发) has entered into a memorandum of agreement and bareboat charter with ORYX LNG NO.10 SHIPPING CORPORATION for the purchase and leaseback of an LNG carrier, highlighting the significance of its ship leasing business in the company's operations and financial performance [1] Group 1: Agreement Details - The company agreed to purchase one LNG carrier for approximately RMB 2.579 billion from the charterer [1] - Following the delivery, the company will lease back the vessel to the charterer for an estimated total lease payment of approximately RMB 3.182 billion [1] - The LNG carrier has a capacity of 271,000 cubic meters and is registered under the Liberian flag [1] Group 2: Business Significance - The sale and leaseback arrangement is a crucial component of the company's ship leasing business [1] - The ship leasing business contributes significantly to the company's profitability and asset value [1] - The company believes that the ship leasing business will continue to play a major role in its development [1]