China Ocean Shipping Company: the company and related responsible entities have received the administrative supervision measures decision letter from the Fujian Securities Regulatory Bureau.

Announcement from China Ocean Shipping Company: On March 18th, the company and relevant personnel received the "Administrative Supervision Measures Decision" issued by the Fujian Supervision Bureau of the China Securities Regulatory Commission. In July 2025, the company's two subsidiaries Guoyuan Fenjin Co., Ltd. and Guoyuan Xincheng Co., Ltd. signed the "Shipbuilding Contract Transfer Agreement" and corresponding "Financial Leasing Contract" with a financial leasing company and Wuhu Shipyard Co., Ltd. The subject of the contracts are two 89,000 deadweight ton bulk carrier vessels under the funded project "Bulk Carrier Acquisition Project". According to the agreement, the buyers of the two vessels were changed from Guoyuan Fenjin and Guoyuan Xincheng to Sinkin Fifth Ship Leasing Co., Ltd. and Sinkin Sixth Ship Leasing Co., Ltd., with other terms also adjusted accordingly. The company failed to disclose these matters in the "Special Report on the Deposit, Management, and Actual Use of Raised Funds" not disclosed in August 2025. Wang Yanping, Chairman and CEO of the company, and He Zhiqiang, Secretary of the Board of Directors, did not fulfill their duties diligently and violated the relevant provisions of Article 52(2) of the "Regulations on Information Disclosure Management", and are responsible for the above violations.