Core Viewpoint - The company is engaging in a related party transaction to lease four 9,000-ton special liquid cargo ships for approximately 15 years, which aims to enhance its operational capabilities and service offerings in the shipping industry [2][5][17]. Group 1: Transaction Overview - The company’s wholly-owned subsidiary, Hainan COSCO Shipping Asphalt Transportation Co., Ltd., will lease four 9,000-ton special liquid cargo ships from a subsidiary of COSCO Shipping Development Co., Ltd. [2][4]. - The lease terms include a daily rental fee of approximately 40,250 RMB per ship for both the ordinary and ice-class vessels, with an annual rental payment of about 14.69 million RMB per ship after delivery [2][4][17]. - This related party transaction requires approval from the company's first extraordinary general meeting of 2025, with related shareholders abstaining from voting [3][7][18]. Group 2: Financial Implications - The total amount of this related party transaction exceeds 30 million RMB and accounts for more than 5% of the company's most recent audited net assets [8]. - The transaction is expected to improve the company's service capabilities for diverse cargo transportation, enhance fleet competitiveness, and optimize operational structure, thereby increasing overall profitability and shareholder returns [17][19]. Group 3: Approval Process - The transaction has been approved by the company's eighth board of directors, with related directors abstaining from the vote, and it will be submitted for shareholder approval [6][18]. - The independent board members have also reviewed the transaction, confirming that it adheres to relevant regulations and does not harm the interests of the company or its shareholders [20][21].

Group 1 - The company is leasing 4 specialized liquid cargo ships, each with a capacity of 9,000 tons, for approximately 15 years, with a total rental fee of about 14.69 million RMB per ship per year [1][4] - The rental fee for the two five-star ordinary ships is approximately 40,250 RMB per day per ship (including tax), while the fee for the two non-five-star ice-class ships is also approximately 40,250 RMB per day per ship (excluding tax) [1][4] - This transaction aims to enhance the company's transformation and upgrade, serving core customers and building a competitive fleet of specialized liquid cargo ships [1][4] Group 2 - The transaction has been approved by the company's board of directors, with related directors abstaining from voting, and it will be submitted for approval at the 2025 first extraordinary general meeting [2][6] - The total amount of the related transaction exceeds 30 million RMB, accounting for more than 5% of the company's latest audited net assets [2][6] - The transaction does not constitute a major asset restructuring and is based on fair market principles, ensuring no harm to the interests of the company and its shareholders [4][6] Group 3 - The leasing company is Hainan COSCO Shipping Asphalt Transportation Co., Ltd., a wholly-owned subsidiary of the company, and the lessor is a subsidiary of COSCO Shipping Development Co., Ltd. [3][4] - The ships are being constructed by Fujian Mawei Shipbuilding Co., Ltd. and China Shipbuilding Industry Corporation Huangpu Wenchong Shipbuilding Co., Ltd. [3][4] - The transaction is expected to improve the company's operational capacity and enhance overall profitability and shareholder returns [4][6]

Core Viewpoint - China COSCO Shipping Specialized Carriers Co., Ltd. (中远海特) announced the leasing of four 9,000-ton special liquid cargo ships from its wholly-owned subsidiary, Hainan COSCO Shipping Asphalt Transportation Co., Ltd. (沥青公司), for approximately 15 years [1] Group 1: Leasing Details - The leasing involves two ordinary ships under the five-star flag and two ice-class ships not under the five-star flag [1] - The daily leasing fee for the two ordinary ships is approximately 40,250 RMB per day per ship (including tax) [1] - The daily leasing fee for the two ice-class ships is approximately 40,250 RMB per day per ship (excluding tax) [1] - The annual leasing fee for each of the four special liquid cargo ships is approximately 14.69 million RMB per ship [1]

Core Viewpoint - China COSCO Shipping Special Transportation Co., Ltd. (中远海特) announced the leasing of four 9,000-ton special liquid cargo ships from its wholly-owned subsidiary, Hainan COSCO Shipping Asphalt Transportation Co., Ltd. (海南中远海运沥青运输有限公司) for approximately 15 years [1] Group 1: Leasing Details - The leasing involves two five-star ordinary ships and two non-five-star ice-class ships [1] - The daily leasing fee for the two five-star ordinary ships is approximately 40,250 RMB per day per ship (including tax) [1] - The daily leasing fee for the two non-five-star ice-class ships is approximately 40,250 RMB per day per ship (excluding tax) [1] - The annual leasing fee for each of the four special liquid cargo ships is approximately 14.69 million RMB per ship [1]