COSCO SHIPPING Energy Transportation (01138) injects RMB 1.7 billion in capital increase into its subsidiary Shanghai LNG to build green, low-carbon, and industry chain collaborative professional transportation capacity.

COSCO SHIPPING Energy Transportation (01138) has announced that COSCO SHIPPING Energy Transportation Co., Ltd. (hereinafter referred to as the "Company") will make a cash capital increase of RMB 1.7 billion in its wholly-owned subsidiary Shanghai COSCO SHIPPING LNG Investment Co., Ltd. (hereinafter referred to as "Shanghai LNG") (hereinafter referred to as "this capital increase"). The source of funds is the Company's own funds, and the capital increase is intended to optimize Shanghai LNG's capital structure, build green, low-carbon, and industry chain collaborative professional transportation capacity, and further enhance market competitiveness. The target of this capital increase is Shanghai LNG, a wholly-owned subsidiary of the Company. This capital increase has been reviewed and approved by the 13th meeting of the Company's Board of Directors in 2026. It does not need to be submitted to the Company's shareholders' meeting for review, nor does it constitute a major asset restructuring. As of the disclosure date of this announcement, the cumulative amount of the Company's external investment transactions in the past 12 months has not exceeded 50% of the audited net assets.