Core Viewpoint - The company has entered into two shipbuilding contracts for the construction of two bulk carriers, reflecting its strategy to modernize and expand its fleet while phasing out older vessels [1][2] Group 1: Shipbuilding Contracts - The company’s indirect subsidiaries, Jinlang Marine Inc. and Jinyu Marine Inc., have signed contracts with Su-meida Shipbuilding Co., Ltd. for the construction of two bulk carriers at a contract price of $34 million each, totaling $68 million [1] - The first vessel is scheduled for delivery by May 15, 2029, and the second vessel by July 31, 2029, both with a deadweight of 64,100 metric tons [1] Group 2: Fleet Modernization Strategy - The acquisition of the new vessels aligns with the company’s ongoing strategy to modernize its fleet with larger and higher-quality ships, replacing older vessels [2] - The company has noted a lack of suitable second-hand vessels in the market that meet the required specifications, delivery timelines, and reasonable pricing [2] - The new vessels are expected to enhance fuel efficiency and operational efficiency, complying with the latest maritime regulations and environmental standards [2] Group 3: Revenue Generation - Upon completion of the vessel acquisitions, the ships will be leased to third parties for the transportation of bulk dry goods, generating regular freight and charter income for the company [2] - The company currently operates 21 vessels, including 18 owned and 3 leased, with a total carrying capacity of approximately 1.7 million metric tons [2]

Core Viewpoint - The company has entered into two shipbuilding contracts for the construction of two bulk carriers, reflecting its strategy to modernize and expand its fleet while phasing out older vessels [1][2]. Group 1: Shipbuilding Contracts - The company’s indirect subsidiaries, Jinlang Marine Inc. and Jinyu Marine Inc., have signed contracts with Sumida Shipbuilding Co., Ltd. for the construction of two bulk carriers at a contract price of $34 million each, totaling $68 million [1]. - The first vessel is scheduled for delivery by May 15, 2029, and the second vessel by July 31, 2029, both with a deadweight of 64,100 metric tons [1]. Group 2: Fleet Modernization Strategy - The acquisition of the new vessels aligns with the company's ongoing strategy to modernize its fleet with larger and higher-quality ships, replacing older vessels [2]. - The company has noted a lack of suitable second-hand vessels in the market that meet the required specifications, delivery timelines, and reasonable pricing [2]. - The new vessels are expected to enhance fuel efficiency and operational efficiency, complying with the latest maritime regulations and environmental standards [2]. Group 3: Revenue Generation - Upon completion of the vessel acquisitions, the ships will be leased to third parties for the transportation of bulk dry goods, generating regular freight and charter income for the company [2]. - The company currently operates 21 vessels, including 18 owned and 3 leased, with a total carrying capacity of approximately 1.7 million metric tons [2].

Core Viewpoint - Jinlang Marine Inc. and Jinyu Marine Inc., indirect subsidiaries of Jinhui Group (00137.HK), have signed shipbuilding contracts with Su-meida Shipbuilding Co., Ltd. for two bulk carriers, totaling a contract value of $68 million (approximately HKD 530.4 million) [1] Group 1: Contract Details - The first and second buyers will each receive one bulk carrier, with a contract price of $34 million (approximately HKD 26.52 million) per vessel [1] - The total contract price for both vessels amounts to $68 million (approximately HKD 530.4 million) [1] - The first vessel, with a deadweight of 64,100 tons, is scheduled for delivery on or before May 15, 2029, while the second vessel is set for delivery on or before July 31, 2029 [1]

Core Viewpoint - Jin Hui Group (00137.HK) has announced a shipbuilding contract for a bulk carrier with a carrying capacity of 64,500 metric tons, valued at approximately HKD 261 million (USD 33.45 million), to be delivered by October 31, 2028 [1][2]. Group 1 - The company has a 55.69% equity interest in the indirect subsidiary that is the buyer in the shipbuilding contract [1]. - The shipbuilding contract was signed on December 9, 2025, between the buyer and the seller [1]. - The bulk carrier is expected to enhance the company's shipping capabilities and operational capacity [1]. Group 2 - Jin Hui Group is also planning to sell another vessel for USD 14.4 million [2].