COSCO Haineng announced that in 2025, 694 million A-shares will be issued to specific targets, each with a capital raised of 7.999 billion yuan. The net amount of 7.979 billion yuan was paid on October 10. The funds will be used to build projects such as 6 VLCCs, 2 LNG carriers, and 3 Afula crude oil tankers. As of October 15, the company had pre-invested 170 million yuan in the fund-raising project with self-raised funds, and had paid an issuance fee of 35.8027 million yuan. On December 12, the board of directors of the company agreed to use the raised funds to replace 170 million yuan pre-invested in the fund-raising project and 274.14,300 yuan already paid for the issuance fee, for a total of 172 million yuan. The sponsor Cathay Pacific Haitong believes that the replacement complies with the requirements and has no objection to the matter.

COSCO Haineng announced that in 2025, 694 million A-shares will be issued to specific targets, each with a capital raised of 7.999 billion yuan. The net amount of 7.979 billion yuan was paid on October 10. The funds will be used to build projects such as 6 VLCCs, 2 LNG carriers, and 3 Afula crude oil tankers. As of October 15, the company had pre-invested 170 million yuan in the fund-raising project with self-raised funds, and had paid an issuance fee of 35.8027 million yuan. On December 12, the board of directors of the company agreed to use the raised funds to replace 170 million yuan pre-invested in the fund-raising project and 274.14,300 yuan already paid for the issuance fee, for a total of 172 million yuan. The sponsor Cathay Pacific Haitong believes that the replacement complies with the requirements and has no objection to the matter.