Core Viewpoint - The company, Intercontinental Shipping (02409), has announced a replacement agreement involving the transfer of shipbuilding contract rights and obligations to its wholly-owned subsidiary, Seacon Shipping, at no cost, with a total purchase price of $198.6 million for six vessels [1] Group 1: Agreement Details - On December 26, 2025, Seacon Shipping entered into a replacement agreement with the previous buyer, who agreed to transfer all rights and obligations under the shipbuilding contract without any installment payments made [1] - Following the replacement, the shipbuilding contract remains fully effective, with Seacon Shipping agreeing to purchase six vessels from the seller for a total price of $198.6 million [1] Group 2: Financing Arrangements - On the same date, Seacon Shipping and six charterers established financing lease arrangements, where Seacon Shipping agreed to sell the vessels to the respective owners at a price of $28.135 million each [1] - Each owner agreed to lease the respective vessels to the corresponding charterers under relevant bareboat charter agreements [1] - The company entered into guarantee agreements with the owners as beneficiaries [1]

Group 1 - The company held its 27th meeting of the 4th Board of Directors on July 7, 2025, with all 7 directors present, ensuring compliance with legal and regulatory requirements [1][2]. - The Board approved a proposal to purchase dry bulk carriers for up to $65 million to expand capacity and enhance competitiveness and profitability, with funding sourced from self-owned funds [1][2]. - The Board also approved an increase in the estimated guarantee amount for 2025, which aligns with the company's operational needs and strategic goals, ensuring manageable risk levels [2][3]. Group 2 - A proposal was made to convene the 4th extraordinary general meeting of shareholders on July 24, 2025, in accordance with the Company Law and the company's articles of association [2][3].