Lianyungang: Subsidiary plans to conduct RMB 384 million ship financial leasing business

Lianyungang announced that Yun Gang Ferry Ship Leasing Co., Ltd., a wholly-owned subsidiary of the company's controlled subsidiary Lianyungang China-Korea Ferry Co., Ltd., intends to conduct a direct lease financing lease business for ro-ro passenger ships with Tianjin Jinhai No. 40 Leasing Co., Ltd. The financing lease principal is RMB 384 million, corresponding to 70% of the total shipbuilding price, with a lease term of no more than 10 years and a lease interest rate of the 5-year-plus LPR minus 40 basis points. The counterparty has no affiliation with the company. This transaction does not constitute a related-party transaction or a major asset restructuring, has been approved by the company's board of directors, and does not need to be submitted to the shareholders' meeting for deliberation.