Xiamen Xiangyu: Holding subsidiary plans to apply for listing on the New Third Board.

Xiamen Xiangyu announcement, the company's 9th board of directors approved the "Proposal on the subsidiary applying for listing on the New Third Board". The holding subsidiary Nantong Xiangyu Marine Equipment Co., Ltd. plans to apply for listing on the National Equities Exchange and Quotations system. Xiangyu Marine Equipment has a registered capital of 360 million yuan, with a direct stake of 51%. Xiangyu Marine Equipment is mainly engaged in the production and manufacturing of bulk carriers, stainless steel chemical tankers, and other special types of vessels. In the fiscal year 2023, Xiangyu Marine Equipment's operating income was 4.75 billion yuan, with a net profit of 694 million yuan. The listing application meets the company's overall strategic plan and will not have a significant adverse impact on the company's financial condition, operating results, and continued operating capabilities.