Haitong Development: The board of directors deliberated on multiple proposals, planning to invest 600 million to build ships.

Haitong Development announced that the 45th meeting of the 4th Board of Directors held on August 14 reviewed several proposals. These include the proposed implementation of the restricted stock incentive plan for 2026; approval for its wholly-owned subsidiary Haitong International Shipping Co., Ltd. to use no more than 600 million yuan to invest in the construction of two 62,000DWT multi-purpose heavy-lift vessels; a proposal to add 57 million US dollars and corresponding debt financing lease guarantee quota for the wholly-owned subsidiary; reappointment of BDO China Shu Lun Pan Certified Public Accountants LLP as the auditing agency for the fiscal year 2026; and changes to the company's total share capital and registered capital due to the incentive plan and other matters, along with amendments to the Articles of Association. In addition, the Board proposed to convene the third extraordinary general meeting of shareholders for 2026 on August 31. Some of the above proposals need to be submitted to the shareholders' meeting for review.