Cosco Group: Cosco Holdings' tight liquidity has not yet been eased, and will actively raise funds during the grace period.

On the evening of June 19, the China Ocean Shipping Group announced on the Hong Kong Stock Exchange that its wholly-owned subsidiary, Far Ocean Holdings, held H19 Far Ocean 1 bondholder meetings and H19 Far Ocean 2 bondholder meetings in April and May 2025, respectively, and passed the "Extension Proposal". According to the "Extension Proposal" and its resolution, Far Ocean Holdings should pay 0.3% of the remaining principal of the "H19 Far Ocean 1" and "H19 Far Ocean 2" bonds within 30 trading days after the approval of the "Extension Proposal". At the same time, there is a grace period of 30 trading days for the principal and interest repayment of "H19 Far Ocean 1" and "H19 Far Ocean 2". If Far Ocean Holdings fully redeems the bonds or obtains relevant exemptions from the bondholder meetings during the grace period, it will not constitute a default on the bonds. As of the date of this announcement, Far Ocean Holdings' liquidity crisis has not been alleviated, and it will actively raise funds during the grace period to properly address the related debt issues, effectively protect the rights of investors, and will announce further details separately.