1. Name and nature of the subject matter: One 210,000 DWT bulk carrier. 2. Date of occurrence: April 27, 2026. 3. Date of Board approval: April 27, 2026. 4. Other approval dates: Not applicable. 5. Transaction unit quantity, unit price, and total amount: - Quantity: One vessel - Unit price: USD 77,500,000 to 80,500,000 - Total amount: USD 77,500,000 to 80,500,000 6. Counterparty and relationship with the company: - Counterparty: CSSC Qingdao Beihai Shipbuilding Co., Ltd. and China Shipbuilding Trading Co., Ltd. - Relationship: None. 7. Reasons for selecting related party: Not applicable. 8. Related party transactions in the last 5 years: Not applicable. 9. Estimated gain or loss: Not applicable. 10. Payment terms and restrictions: Payments according to contract terms. 11. Determination of transaction price: Through negotiation, based on recent market trends; approved by the Board. 12. Professional valuer: Not applicable. 13. Valuer name: Not applicable. 14. Valuer license number: Not applicable. 15. Special valuation: No or Not applicable. 16. Valuation report not yet obtained: No or Not applicable. 17. Reason for no report: Not applicable. 18. Significant discrepancy in valuation: Not applicable. 19. Accounting firm: Not applicable. 20. Accountant name: Not applicable. 21. Accountant license number: Not applicable. 22. Broker and fees: Not applicable. 23. Concrete purpose of acquisition: Fleet renewal and long-term development considerations for overall operation and configuration. 24. Dissenting opinions from directors: None. 25. Related party transaction: No. 26. Approval date from Audit Committee: Not applicable. 27. Acquisition of real estate from related parties: No. 28. Price evaluation according to regulations: Not applicable. 29. Lower evaluated price: Not applicable. 30. Previous announcements on the same event: Not applicable. 31. Other notes: Exchange rate USD $1 = NTD $31.55

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  • Source: PR Times
  • Category: News
  • Organizations: China Swift Shipping Pte. Ltd.