Core Viewpoint - The company is focusing on upgrading its fleet by replacing old passenger and roll-on/roll-off (RoRo) vessels with larger, high-wind-resistance, and more efficient new ships to expand capacity [1] Group 1: Fleet Upgrade - The existing passenger and RoRo vessels on the Haian Line will be replaced through a "new for old" strategy [1] - The company is currently constructing two new RoRo vessels to enhance operational efficiency and capacity [1] Group 2: Cargo Transportation - There are no restrictions on the number of new flat-deck cargo ships for transporting new energy [1] - Two new flat-deck cargo ships are set to be put into operation for the 2026 Spring Festival [1]

Group 1 - The company, Haixia Co., announced that no new shipping enterprises will be added to the Hai'an line, focusing instead on replacing existing passenger and roll-on/roll-off vessels with larger, high-wind-resistance, and higher capacity/newer ships to enhance operational efficiency and expand transport capacity [1] - Currently, two passenger and roll-on/roll-off ships are under construction, indicating ongoing investment in fleet modernization [1] - There are no restrictions on the number of flat cargo ships for transporting new energy, with two new flat cargo ships set to be put into operation for the 2026 Spring Festival [1]

Core Viewpoint - The company plays a significant role in supporting the construction of the free trade port through its operations in ports, shipping, and routes [2] Group 1: Port Operations - The new Haixia passenger transport hub has been fully operational, achieving a design capacity of 35 million passengers and 5.6 million vehicles annually [2] Group 2: Shipping Developments - The company plans to purchase four flat-deck cargo ships between 2024 and 2025 to support the transportation of new energy vehicles [2] - In 2025, the company will construct two green and intelligent roll-on/roll-off vessels to replace older ships, significantly enhancing design standards in layout, safety, comfort, and environmental sustainability [2] Group 3: Route Expansion - The company is implementing a multi-channel strategic layout by deploying two large roll-on/roll-off vessels, "Changle Princess" and "Wanrong Sea," on the Haikou-Beihai route to upgrade capacity and facilitate two-way traffic [2] - New routes have been opened from Haikou to Fangchenggang and Haikou to Nansha in Guangzhou, further supporting the construction of the free trade port and national strategies such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Western Land-Sea New Corridor [2]