CSSC Offshore & Marine Engineering (Group) Company Limited: Signs contract to build 16 feeder container ships, amounting to $736 million to $896 million.

CSSC Defense announced that its holding subsidiary, CSSC Huangpu Wenchong Shipbuilding Co., Ltd., has signed a contract with EVERGREEN MARINE PTE. LTD. for the construction of 16 feeder container ships, with a total transaction amount between 736 million US dollars and 896 million US dollars. This contract is a daily operating sales contract for the company, and is expected to have a positive impact on the company's cash flow and future operating performance. This contract will not have a significant impact on the company's business independence, and the company's main business will not create significant dependence on the counterparty in fulfilling the contract.