Ningbo Ocean: Approval from the CSRC for stock issuance to specific objects, valid for 12 months.

Ningbo Ocean Shipping Company announced that it has recently received the "Approval from the China Securities Regulatory Commission for the Registration of Public Offering of Stocks by Ningbo Ocean Shipping Co., Ltd. to Specific Objects," which agrees to the company's application for stock issuance registration to specific investors. This issuance must be strictly implemented in accordance with the declaration documents and issuance plan submitted to the Shanghai Stock Exchange, and the approval is valid for 12 months from the date of registration approval.