Meeting Information - The shareholder meeting is scheduled for July 24, 2025, at 14:30, located at 42nd Floor, Shenglong Global Building, No. 23 Changting Street, Taijiang District, Fuzhou, Fujian Province [5] - The meeting will be hosted by Mr. Zeng Erbin, and the network voting system will be through the Shanghai Stock Exchange [6] Meeting Procedures - Shareholders must register 15 minutes prior to the meeting and will not be counted in the voting if they arrive late [2][3] - The meeting will include a combination of on-site and online voting, with each share having one vote [4][6] - The agenda includes registration, announcement of attendees, election of vote counters, discussion of proposals, and announcement of voting results [7] Proposals Proposal 1: Purchase of Bulk Carriers - The company plans to purchase bulk carriers for a maximum of USD 65 million, funded by self-owned (including self-raised) funds, which is approximately RMB 185.63 million, accounting for 31.80% of the company's latest audited total assets [8][9] - This purchase aims to expand capacity, improve fleet structure, and enhance competitiveness and profitability [9] Proposal 2: Increase in Guarantee Limit for 2025 - The company proposes to increase the estimated guarantee limit by USD 20 million, bringing the total to a maximum of USD 480 million and RMB 150 million for subsidiaries [10][12] - The guarantees will support the operational and business development needs of subsidiaries, ensuring compliance with risk management [18][19] - As of July 7, 2025, the total guarantee balance is RMB 2.53 billion, representing 61.51% of the company's latest audited net assets [19]

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].

Core Viewpoint - Haitong Development (603162.SH) plans to purchase dry bulk carriers for up to $65 million, funded by its own resources, aiming to enhance its fleet capacity and market competitiveness [1] Group 1: Company Actions - The company and its wholly-owned subsidiary have received board approval for the transaction, which will be submitted for shareholder approval [1] - Over the past 12 months, the company has spent approximately 1.856 billion yuan on acquiring dry bulk carriers [1] Group 2: Strategic Objectives - The transaction aims to expand the company's capacity, improve the fleet system, enhance competitiveness, and increase market share [1] - The acquisition is expected to strengthen the company's profitability [1] Group 3: Transaction Details - The transaction does not constitute a related party transaction or a major asset restructuring [1]