Songfa Co., Ltd. announced that its subsidiary Hengli Shipbuilding Co., Ltd. signed 6 ship construction contracts with CapitalShipManagementCorp.'s single-ship company, which took effect on December 29, 2025, for an amount of about US$400-600 million. The target of the contract was 4 Cape of Good Hope bulk carriers and 2 oversized crude oil carriers of 306,000 tons, which were delivered successively from the second half of 2027 to 2028. The contract does not need to be reviewed by the board of directors or shareholders' meeting, and does not constitute a related transaction. Normal execution is expected to have a positive impact on future performance, but it is affected by factors such as market and price, and there are certain risks.

Songfa Co., Ltd. announced that its subsidiary Hengli Shipbuilding Co., Ltd. signed 6 ship construction contracts with CapitalShipManagementCorp.'s single-ship company, which took effect on December 29, 2025, for an amount of about US$400-600 million. The target of the contract was 4 Cape of Good Hope bulk carriers and 2 oversized crude oil carriers of 306,000 tons, which were delivered successively from the second half of 2027 to 2028. The contract does not need to be reviewed by the board of directors or shareholders' meeting, and does not constitute a related transaction. Normal execution is expected to have a positive impact on future performance, but it is affected by factors such as market and price, and there are certain risks.