Lianyungang: The wholly-owned subsidiary of the controlling subsidiary, Lianyungang Ferry, plans to invest 5.488 billion yuan to build ships.

Lianyungang announced that its wholly-owned subsidiary, Yungang Ferry Vessel Leasing Co., Ltd., a subsidiary of the company's controlling subsidiary, plans to invest 548.8 million yuan to build a 950-passenger/2700-meter lane ro-ro passenger ship, and has signed a construction contract with Huanghai Shipbuilding Co., Ltd. The matter has been approved at the 19th meeting of the Eighth Board of Directors of the company and, within the scope of the board's approval authority, does not require approval from the company's shareholders' meeting.