Core Points - The article outlines the work regulations of the Risk and Compliance Management Committee of China COSCO Shipping Specialized Carriers Co., Ltd, aimed at ensuring the company's sustainable and healthy development through effective risk control and governance [1][2]. Group 1: Committee Structure - The Risk and Compliance Management Committee consists of three to five directors, with independent directors making up more than half and serving as the chairperson [2]. - The chairperson is elected from the committee members and is typically a professional familiar with risk management [2]. - The committee's members serve a term aligned with that of the board of directors, with provisions for re-election [2]. Group 2: Responsibilities and Authority - The committee is responsible for guiding the internal control and risk management systems, evaluating the effectiveness of these systems, and supervising the management's implementation of legal and risk management practices [3][4]. - It reviews significant risk management reports and compliance management reports, providing recommendations for improvements [3]. Group 3: Meeting Procedures - The committee is required to meet at least once a year, with provisions for additional meetings as needed, and meetings can be called by a third of the members or the chairperson [4][5]. - A quorum of at least two-thirds of the members is required for meetings to be valid, and decisions are made based on majority votes [5][6]. - Meeting records must be maintained, detailing attendance, agenda items, and decisions made, ensuring transparency and accountability [6][7].

Core Points - The document outlines the rules for the shareholders' meeting of China COSCO Shipping Specialized Carriers Co., Ltd, ensuring compliance with relevant laws and regulations [1][2][3] - The company must hold annual and temporary shareholders' meetings, with specific conditions under which temporary meetings can be called [4][5][6] - Legal opinions must be obtained for the meeting's procedures and participant qualifications [6][8] - Shareholders holding more than 10% of shares can request a temporary meeting, and the board must respond within a specified timeframe [5][6][7] - The document specifies the notification requirements for shareholders regarding meeting details and proposals [13][15][16] Group 1 - The company must strictly adhere to laws and regulations when convening shareholders' meetings [1][2] - Shareholders' meetings are categorized into annual and temporary meetings, with specific timelines for each [4][5] - Legal opinions are required to validate the meeting's procedures and participant qualifications [6][8] Group 2 - Shareholders with over 10% ownership can request a temporary meeting, and the board has a 10-day response window [5][6] - Notification of meetings must include detailed information about the agenda and voting procedures [13][15] - The document outlines the voting rights and procedures for shareholders during meetings [19][21]

Summary of Key Points Core Viewpoint Shanghai Jinjiang Shipping (Group) Co., Ltd. has reported on the status of its fundraising activities, detailing the total amount raised, the usage of funds, and the management of these funds as of June 30, 2025. The company emphasizes compliance with regulatory requirements and outlines changes in investment projects to adapt to market conditions. Fundraising Overview - The company raised a total of RMB 2,183,850,000 through its initial public offering, with net proceeds amounting to RMB 2,060,494,478.80 after deducting issuance costs of RMB 123,355,521.20 [1][2] - As of June 30, 2025, the cumulative amount used from the raised funds is RMB 306,806,394.30, with a remaining balance of RMB 1,808,073,569.92 in the dedicated account [1][2] Fund Management - The company has established a fundraising management system to ensure the safe use of funds, which includes a tripartite supervision agreement with banks and sponsors [1][2] - The balance in the dedicated fundraising account as of June 30, 2025, is RMB 1,808,073,569.92, which includes a dollar balance converted to RMB [1][2] Changes in Investment Projects - The company has adjusted its investment projects to better align with the growing trade in Southeast Asia, particularly under the "Belt and Road Initiative" and the "Regional Comprehensive Economic Partnership" (RCEP) [2][3] - The original plan to purchase 6 vessels of 1,800 TEU and 2 vessels of 2,400 TEU has been modified to 4 vessels of 1,800 TEU and 2 vessels of 1,100 TEU [2][3] Fund Usage and Disclosure - The company has reported that there are no issues with the timeliness or accuracy of disclosed information regarding the use of funds [2][3] - The total amount of funds used for changed purposes is 56.02% of the total raised funds [2][3] Cash Management - The company has utilized part of the idle fundraising for cash management, investing in safe and liquid financial products, with a total cash management limit of RMB 1.3 billion [4][5] - Specific cash management activities include structured deposits and term deposits with banks, generating interest income [4][5]

Core Viewpoint - Shanghai Jinjiang Shipping (Group) Co., Ltd. is revising its Articles of Association and abolishing the Supervisory Board, transferring its responsibilities to the Audit Committee of the Board of Directors [1][2]. Group 1: Revision of Articles of Association - The company plans to amend certain provisions of its Articles of Association in accordance with the Company Law of the People's Republic of China and relevant regulations, while maintaining other provisions unchanged [2][5]. - The revised Articles of Association will be submitted to the shareholders' meeting for approval, and the final content will be subject to the registration by the market supervision administration [2][5]. Group 2: Abolishment of the Supervisory Board - The Supervisory Board will be abolished, and its powers will be exercised by the Audit Committee of the Board of Directors as per the Company Law [1][2]. - The decision to abolish the Supervisory Board was approved by the company's first Supervisory Board meeting [1]. Group 3: Governance System Revisions - The company is revising and establishing several governance systems, including those related to the shareholders' meeting, board of directors, and management [2][4]. - Specific governance systems that are being revised include the management of shareholding changes, internal reporting of significant information, and the implementation rules for various committees of the Board of Directors [4][6]. Group 4: Legal Compliance - The revisions are in compliance with the Company Law, the Management Measures for Information Disclosure of Listed Companies, and other relevant regulations [2][4]. - The company will ensure that the new governance structures and systems align with legal requirements and best practices in corporate governance [2][4].

Meeting Overview - The second meeting of the board of directors of Shanghai Jinjiang Shipping (Group) Co., Ltd. was held on August 28, 2025, via teleconference, with all 9 directors participating [1] - The meeting was conducted in accordance with relevant laws and regulations, and the resolutions made are deemed legal and effective [1] Resolutions Passed - The board approved the 2025 semi-annual report and summary, with a unanimous vote of 9 in favor [2] - The board also approved the special report on the storage and actual use of raised funds for the first half of 2025, with a unanimous vote of 9 in favor [2] - The profit distribution plan for the first half of 2025 was approved, pending submission to the shareholders' meeting for further review, with a unanimous vote of 9 in favor [2][3] - The board approved the proposal to amend the company's articles of association and cancel the supervisory board, pending submission to the shareholders' meeting for further review, with a unanimous vote of 9 in favor [3][4] - The board approved the proposal to formulate and amend several governance systems of the company, with a unanimous vote of 9 in favor [4] - The board agreed to convene the first extraordinary shareholders' meeting of 2025, with a unanimous vote of 9 in favor [4]

Core Viewpoint - The company is holding a half-year performance briefing on September 22, 2025, to discuss its operational results and financial indicators for the first half of 2025, allowing for interactive communication with investors [1][2]. Group 1: Meeting Details - Meeting Date and Time: September 22, 2025, from 15:00 to 16:00 [1][2]. - Format: The meeting will be conducted via the Shanghai Stock Exchange's online roadshow center [1][2]. - Interactive Address: Investors can access the meeting at https://roadshow.sseinfo.com [1][2]. Group 2: Participation Information - Investors can submit questions from September 15 to September 19, 2025, before 16:00 through the roadshow center's "Question Pre-Collection" section, via email at investor@coscoshipping.com, or through the company's WeChat account [2][3]. - Participants include the company's executive director and general manager, independent non-executive director, board secretary, deputy general manager, and chief accountant [2]. Group 3: Contact Information - Contact Phone: 021-60298620 [3]. - Contact Email: investor@coscoshipping.com [3]. Group 4: Post-Meeting Access - After the briefing, investors can view the meeting's details and main content on the Shanghai Stock Exchange's roadshow center [3].

Core Viewpoint - China Cosco Shipping Holdings Co., Ltd. (hereinafter referred to as "the Company") has entered into a series of daily related transaction agreements with its indirect controlling shareholder, China Cosco Shipping Group Co., Ltd., and other related parties, which will expire on December 31, 2025. The Company signed new agreements on August 28, 2025, to continue similar transactions for the years 2026-2028, establishing annual transaction limits for these agreements [1][2][4]. Group 1: Daily Related Transactions - The Company has signed several agreements including the Comprehensive Service Agreement, Shipping Service Agreement, Terminal Service Agreement, Vessel and Container Asset Service Agreement, and Trademark License Agreement with China Cosco Shipping [1][2]. - The financial services agreement with the financial company and the shipping and terminal service framework agreement with Shanghai International Port Group have also been established, with annual transaction limits set for 2026-2028 [1][2][4]. - The agreements are conducted under general commercial terms without additional conditions, contributing to the development of the Company without creating dependency on related parties [4]. Group 2: Approval and Procedures - The related transaction proposals were reviewed and approved by the Company's board of directors, with certain related directors abstaining from voting [2][3]. - The agreements and their annual limits require approval from the shareholders' meeting, with related shareholders abstaining from voting on relevant proposals [3][4]. Group 3: Financial Services and Limits - The financial services provided by the financial company include deposit services, credit services, clearing services, and foreign exchange trading, with a validity period from January 1, 2026, to December 31, 2028 [24][25]. - The maximum daily deposit balance for the Company and its subsidiaries is set at RMB 150 billion, while the maximum outstanding loan balance is capped at RMB 26 billion for the same period [28]. - The total fees for clearing services and other services are limited to RMB 80 million per year [28]. Group 4: Previous Transaction Performance - The actual amounts of previous related transactions have varied from the expected limits due to fluctuations in market demand and prices, particularly in shipping and fuel supply [6][8][11]. - The Company has reported specific figures for previous years, indicating a need for adjustments in future transaction limits based on market conditions [6][9]. Group 5: Related Parties Overview - The related parties include China Cosco Shipping and its subsidiaries, as well as Shanghai International Port Group, which are recognized as related entities under the relevant stock exchange rules [15][19]. - The Company holds a significant stake in the financial company, which is also a related party, further establishing the interconnectedness of these entities [16][21].

Core Insights - The company, COSCO Shipping Development (02866.HK), reported a revenue of RMB 12.16 billion for the mid-term of 2025, representing a year-on-year increase of 4.29% [1] - The net profit attributable to the parent company was RMB 970 million, reflecting a year-on-year growth of 8.36% [1] - Basic earnings per share were RMB 0.0729, and an interim dividend of RMB 0.022 per share was declared [1]

Group 1 - Company Zhongyuan Haifa (SH 601866) held its 30th meeting of the 7th Board of Directors on August 29, 2025, to review the financial report for the first half of 2025 [1] - For the year 2024, Zhongyuan Haifa's revenue composition is as follows: container manufacturing accounts for 72.71%, container leasing for 18.88%, shipping and related industry leasing for 8.31%, and investment management for 0.09% [1] - As of the report, Zhongyuan Haifa has a market capitalization of 33.4 billion yuan [1] Group 2 - The domestic A-class car exhibition, featuring nearly 120 brands and 1,600 vehicles, is set to open in the southwest, indicating a significant shift in the automotive market landscape with the rise of new energy vehicles [1]

Core Viewpoint - COSCO Shipping Development (中远海发) reported a steady growth in its mid-year performance for 2025, indicating resilience in its operations and profitability [1] Financial Performance - The revenue from continuing operations reached 12.159 billion RMB, representing a year-on-year increase of 4.29% [1] - The profit attributable to shareholders was 970 million RMB, which is an increase of 8.36% compared to the previous year [1] - Basic earnings per share were reported at 0.0729 RMB [1] - The company proposed an interim dividend of 0.022 RMB per share [1]