COSCO Shipping: US Department of Justice accuses subsidiary of price manipulation, has not yet received legal documents.

COSCO SHIPPING announced that the company has noticed the U.S. Department of Justice publicly accusing several container manufacturing companies and individuals of conspiring to limit the production of specific non-refrigerated shipping containers and manipulating their prices, including its subsidiary Shanghai Universal Logistics Equipment Co., Ltd. As of the date of this announcement, Shanghai Universal Logistics Equipment Co., Ltd. has not received any legal proceedings or other legal documents from the U.S. Department of Justice regarding this matter. The company confirms that its daily business operations are being maintained in all major aspects, and will closely monitor developments and make further announcements as necessary.