XingTong shares: intends to sell the old ship "XingTong 89" for $4.95 million.

Xing Tong group announced that, in order to promote green and low-carbon transformation and adjust and optimize the capacity structure, the company plans to sell the "Xing Tong 89" wheel to MH MARINE PTE. LTD. for a transaction amount of 4.95 million US dollars. On December 26, 2025, the two parties had signed an agreement, and the delivery time is from January 15 to February 15, 2026. This transaction does not constitute a related party transaction or a major asset restructuring. It has been reviewed and approved by the board of directors and does not require approval from the shareholders' meeting. The book cost of the "Xing Tong 89" wheel as of September 30, 2025 was 7.775 million yuan, and the transaction price has a premium of 347.94%. This transaction will improve the age and high-end level of the fleet.