Core Viewpoint - The company, Intercontinental Shipping (02409), has announced a guarantee agreement related to a financing lease arrangement for a vessel, involving a total principal amount of up to $39.1 million [1] Group 1: Guarantee Agreement - On February 12, 2026, the company, as a guarantor, signed a lease guarantee to ensure the lessee fulfills its obligations under the transaction documents [1] - The lessee, a joint venture of the company, has entered into a financing lease arrangement with the owner, which is capped at $39.1 million [1] Group 2: Ownership Structure - The lessee is a limited liability company registered in Liberia, fully owned by Huang Hai Intercontinental Shipping Co., Ltd., which is held 50% by the company through its indirect wholly-owned subsidiary GHC Holding Ltd and 50% by an independent third party, Huang Hai (Hong Kong) [1] Group 3: Purpose of the Guarantee - The management believes that providing the guarantee will enable the lessee to secure additional operating funds and finance the acquisition of the vessel, ensuring the lessee's continued stable growth [1] - On the same date, Huang Hai (Hong Kong) also signed a lease guarantee for the owner’s benefit, under similar terms, proportional to its indirect interest in the lessee [1]

Core Viewpoint - The collaboration between Lionbridge Financing Leasing and a shipping company in Chongqing aims to modernize the fleet with 10 new energy inland container ships, contributing to the green shipping initiative along the Yangtze River Economic Belt [1] Group 1: Service Features - The project innovatively extends financing leasing services to the inland shipping sector, addressing the dual challenges of high funding pressure and technical barriers for shipping companies through a comprehensive solution of "financing + technology + operation" [3] - The financing specifically supports LNG-powered and electric vessels, with financing terms of 10-12 years aligned with the vessel usage cycle [4] Group 2: Implementation Effectiveness - The initiative has invested over 2 billion yuan in the inland shipping sector, supporting the fleet modernization of more than 30 shipping companies in the Yangtze River basin [4] - Each vessel is expected to reduce sulfur oxide emissions by approximately 8 tons annually, while operational costs are lowered by 25% compared to traditional vessels [4] Group 3: Industry Impact - The project provides a replicable business model for promoting the green transformation of inland shipping, effectively alleviating the financial and technical challenges faced by shipping enterprises [3]

Group 1 - The core viewpoint is that the establishment of ship leasing SPVs in Qianhai is accelerating, with significant growth in the number of projects and total asset value [1][3][4] - As of now, Qianhai has launched a total of 48 ship leasing projects since 2022, with total assets reaching 16.8 billion yuan, ranking third nationally [1][3] - The ship leasing projects cover a wide range of vessel types, including bulk carriers, product oil tankers, offshore wind installation platforms, cable laying vessels, and large LNG carriers, with both financing and operational leasing models [3][4] Group 2 - The establishment of ship leasing SPVs by China Construction Investment Leasing and CITIC Financial Leasing marks a significant expansion in the ship leasing business in Shenzhen [1][3] - The Qianhai ship registration port is rapidly developing, with the fleet size increasing from 1 vessel in October 2024 to 13 vessels, adding 10 vessels this year, totaling a deadweight tonnage of 415,000 tons [3] - Qianhai is positioning itself as a key hub for global maritime activities, leveraging its collaboration with Hong Kong to promote cross-border business models that integrate leasing and green energy [4]