COSCO Haineng (01138) increased capital to subsidiary Shanghai LNG by 1.7 billion yuan to build a green, low-carbon, industrial chain collaborative professional transportation capacity

Zhitong Finance App News, COSCO Haineng (01138) announced that COSCO SHIPPING Energy Transportation Co., Ltd. (hereinafter referred to as “the Company”, the “Company”) increased its wholly-owned subsidiary Shanghai COSCO Shipping LNG Investment Co., Ltd. (hereinafter referred to as “Shanghai LNG”) by 1.7 billion yuan in cash (hereinafter referred to as “this capital increase”). The funding source is the company's own capital to optimize Shanghai's LNG capital structure, build a green, low-carbon, industrial chain collaboration professional transportation capacity, and further enhance market competitiveness.

The target of this capital increase is Shanghai LNG, a wholly-owned subsidiary of the company.

The capital increase was reviewed and approved at the 13th board meeting of the company in 2026. There is no need to submit it to the company's shareholders' meeting for review, nor does it constitute a major asset restructuring. As of the disclosure date of this announcement, the cumulative amount of the Company's foreign investment transactions within the past 12 months did not exceed 50% of the audited net assets.