*Hengli Shipbuilding, a subsidiary of ST Songfa (603268.SH), signed a US$0.7-100 million bulk carrier construction contract

Zhitong Finance App News, *ST Songfa (603268.SH) announced that the company's subsidiary Hengli Shipbuilding (Dalian) Co., Ltd. (“Hengli Shipbuilding”) has recently signed a contract for the construction of a Cape of Good Hope (Capesize) bulk carrier. The total contract amount is about US$0.7-100 million.

The normal execution of the above contract is expected to have a positive impact on the company's future performance, help improve the company's medium- to long-term market competitiveness and profitability, and further consolidate the company's competitive advantage in the market.