COSCO Haite announced that it was reviewed and approved at the 13th meeting of the 9th board of directors of the company. Xiamen COSCO Shipping Special Transportation Co., Ltd., a wholly-owned subsidiary, leased 6 60,000-ton multi-purpose heavy gondolas. The lessors were CITIC Financial Lease, ICBC Gold Rental, and Zhejiang Bank Gold Rental. The total lease period was about 20 years, and the rent alone was about 610,000 yuan/day/ship. The six ships paid about 134 million yuan in rent alone every year. This transaction does not constitute a related transaction or major asset restructuring, and there is no need to submit it to the shareholders' meeting for consideration.

COSCO Haite announced that it was reviewed and approved at the 13th meeting of the 9th board of directors of the company. Xiamen COSCO Shipping Special Transportation Co., Ltd., a wholly-owned subsidiary, leased 6 60,000-ton multi-purpose heavy gondolas. The lessors were CITIC Financial Lease, ICBC Gold Rental, and Zhejiang Bank Gold Rental. The total lease period was about 20 years, and the rent alone was about 610,000 yuan/day/ship. The six ships paid about 134 million yuan in rent alone every year. This transaction does not constitute a related transaction or major asset restructuring, and there is no need to submit it to the shareholders' meeting for consideration.