[Shin Hsing] Announcement: Our wholly-owned subsidiary Norley, through its wholly-owned invested subsidiary Delight Way Limited, plans to acquire one medium-range product oil tanker.

1. Name and nature of the target asset: A 49,999 DWT product oil tanker, built in 2019. 2. Date of occurrence: 2026/04/30~2026/04/30 3. Board of Directors approval date: April 30, 2026 4. Other approval dates: Not applicable 5. Transaction unit quantity (e.g., XX sq. meters, equivalent to XX ping), price per unit, and total transaction amount: One medium-range product oil tanker, USD 39.8 million. 6. Transaction counterparty and relationship with the company: HMD MR 01 Shipholding S.A., not a related party of our company. 7. If the counterparty is a related party, reasons for selecting the related party as the transaction object, previous owner, relationship between previous owner, company, and counterparty, previous transfer date and amount: Not applicable. 8. If the owner of the asset within the last five years was a related party of the company, announcement of the related party's acquisition and disposal dates, price, and relationship with the company at the time of transaction: Not applicable. 9. Estimated profit (or loss) from disposal (not applicable for asset acquisition) (deferred items should be listed): Not applicable. 10. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreed matters: 20% to be paid within 3 business days after signing and setting up the third-party escrow account, and 80% to be paid within 3 business days after receiving the vessel delivery notice. 11. Method of decision for this transaction (e.g., tender, competitive bidding, or negotiation), reference basis for price determination, and decision-making unit: Negotiation, by the company's Board of Directors. 12. Name of professional appraisal firm or company and their appraised amount: Arrow Valuations, USD 45.5 million. SSY Valuation Services Limited, USD 45.25 million. 13. Name of professional appraiser: Not applicable. 14. Professional appraiser's license number: Not applicable. 15. Is the appraisal report a limited price, specific price, or special price: No or not applicable 16. Is the appraisal report not yet obtained: No or not applicable 17. Reason for not yet obtaining the appraisal report: Not applicable 18. If there are significant differences in appraisal results, the reasons for the differences and accountant's opinion: Not applicable. 19. Name of accounting firm: Not applicable. 20. Name of accountant: Not applicable. 21. Accountant's license number: Not applicable. 22. Broker and brokerage fee: Not applicable. 23. Specific purpose or use of the acquisition or disposal: Fleet expansion. 24. Opinions of dissenting directors for this transaction: None. 25. Is this transaction a related party transaction: No 26. Date of supervisor's approval or audit committee's consent: Not applicable. 27. Is this transaction an acquisition of real estate or its right of use from a related party: No 28. Price assessed according to Article 16 of the 'Regulations Governing Acquisitions or Disposals of Assets by Publicly Offered Companies': Not applicable 29. If the price assessed according to the preceding paragraph is lower than the transaction price, the price assessed according to Article 17 of the same Regulations: Not applicable 30. Date of previous announcement of material information for the same event: Not applicable 31. Other matters to be announced: None.