LC LOGISTICS (02490) plans to sell a ship.

LC LOGISTICS (02490) announced that on December 30, 2025, its subsidiary Lehang Boundless entered into a 2025 framework agreement with Blue Anchor. According to this agreement, Lehang Boundless should transfer all rights and obligations under the 2024 shipbuilding agreement to Blue Anchor in accordance with the 2025 replacement agreement. Blue Anchor should pay a total price of $170 million, of which $68.64 million should be paid to Lehang Boundless. On the same day, Lehang Boundless, Blue Anchor, CSSC Trading, and Jiangnan Shipbuilding entered into a 2025 replacement agreement, under which Blue Anchor will replace Lehang Boundless as the buyer under the 2024 shipbuilding agreement, taking over all rights and obligations of Lehang Boundless under the 2024 shipbuilding agreement. The ships sold refer to the large container ships under construction in the 2024 shipbuilding agreement, such as ship number H2872 with a capacity of 14,000 TEU, which are the subject of the 2025 framework agreement and 2025 replacement agreement. The group is a provider of integrated cross-border maritime logistics services in China. Considering the costs of building the ships sold and the price of the ships sold, the company believes that the transactions planned under the 2025 framework agreement and 2025 replacement agreement provide an excellent opportunity for the group to realize the value of the ships sold in advance, expected to bring about $201 million in net income. This income will supplement the group's cash flow, further strengthen its financial stability, and generate significant financial returns for the group.