Company Overview - Recently, COSCO Shipping Crew Management Co., Ltd. underwent a business change, with Han Chao resigning as the legal representative and chairman, succeeded by Weng Yi [1] - The registered capital increased from 700 million RMB to 1.7 billion RMB, representing an increase of approximately 143% [1] - The company was established in November 2004 and is fully owned by China COSCO Shipping Group Co., Ltd. [1] Business Operations - The company's business scope includes domestic ship management, labor dispatch, seafarer dispatch, ordinary waterway cargo transportation, publication, international ship management, ship sales, and transportation equipment leasing services [1][2] - The company operates under the supervision of the Free Trade Zone Lingang New Area Market Supervision Administration [2] Management Changes - Multiple senior management changes occurred alongside the leadership transition [1] - The company has a significant employee base, with 26,628 insured individuals reported [2]

Company Formation - Recently, Jia Run Hang (Shanghai) Ship Management Co., Ltd. was established with a registered capital of 2 million RMB [1] - The legal representative of the company is Pan Yayun, and it is wholly owned by Shanghai Shunfeng Human Resources Co., Ltd. [1] Business Scope - The business scope includes labor dispatch services, seafarer outsourcing, international ship management, ship agency, ship design, ship leasing, ship repair, towing services, port services, inland waterway crew affairs agency services, supply chain management services, enterprise management consulting, and various technical services [2] - The company operates under the transportation, warehousing, and postal industry, specifically in the water transportation sector [2] Company Details - The company is registered in Jinshan District, Shanghai, with a business address at No. 18, Lane 65, Huan Dong Yi Road, Fengjing Town [2] - The business license allows the company to operate independently, except for projects that require approval from relevant authorities [2]