According to the Haitong Development announcement, Haitong International Shipping, a wholly-owned subsidiary of the company, plans to invest no more than 900 million yuan to build 3 62,000 DWT multi-purpose heavy gondolas and sign a contract with Taizhou Port Shipping Co., Ltd. The matter has been approved by the 34th meeting of the fourth board of directors of the company and does not constitute a related transaction or major asset restructuring. Taizhou Port Shipping was established in 2003 with a registered capital of 636 million yuan. This investment helps to optimize the fleet structure and enhance competitiveness, but due to the long construction period, there is a risk that it will not be completed as scheduled.

According to the Haitong Development announcement, Haitong International Shipping, a wholly-owned subsidiary of the company, plans to invest no more than 900 million yuan to build 3 62,000 DWT multi-purpose heavy gondolas and sign a contract with Taizhou Port Shipping Co., Ltd. The matter has been approved by the 34th meeting of the fourth board of directors of the company and does not constitute a related transaction or major asset restructuring. Taizhou Port Shipping was established in 2003 with a registered capital of 636 million yuan. This investment helps to optimize the fleet structure and enhance competitiveness, but due to the long construction period, there is a risk that it will not be completed as scheduled.