Yumin Announces Subsidiary Yumin Shipping (Singapore) Acquires Operational Assets

1. Name and nature of the subject asset (e.g., land located in Section XX, Subsection XX, Beitun District, Taichung City): 211,000 DWT bulk carrier

2. Date on which the event occurred: 6/23/115 ~ 6/23/115

3. Date approved by the board of directors: June 23, 115

4. Other approval dates: Not applicable

5. Quantity of units (e.g., XX square meters, equivalent to XX ping), unit price, and total transaction amount: Quantity: 2 vessels + option for 2 additional vessels Unit price: USD 77,000,000 ~ USD 80,000,000 Total transaction amount: 2 vessels (USD 154,000,000 ~ USD 160,000,000) + option for 2 vessels (USD 154,000,000 ~ USD 160,000,000)

6. Counterparty and its relationship with the company (if the counterparty is an individual and not a related party, name disclosure may be omitted): Counterparty: Jiangsu Hantong Ship Heavy Industry Co., Ltd. Relationship with the company: None

7. If the counterparty is a related party, state the reason for selecting them, the previous owner, the relationship between the previous owner, the company, and the counterparty, the previous transfer date, and transfer amount: Not a related party transaction; not applicable

8. If the asset’s owner within the past five years was a related party of the company, state the related party’s acquisition and disposal date, price, and relationship with the company at the time: Not applicable

9. Estimated gain (or loss) on disposal (not applicable for asset acquisition) (if deferred, provide a table showing recognition status): Not applicable

10. Delivery or payment terms (including payment schedule and amounts), contractual restrictions, and other important agreements: Payment by installments as per contract

11. Method of transaction decision (e.g., bidding, comparison, negotiation), basis for price determination, and decision-making unit: Transaction decision method: Comparison and negotiation Decision-making unit: In accordance with the subsidiary’s “Procedures for Acquisition or Disposal of Assets”

12. Name of professional appraisal firm or company and appraisal amount: Not applicable

13. Name of professional appraiser: Not applicable

14. Professional appraiser license number: Not applicable

15. Whether the appraisal report is for a limited, specific, or special price: No or not applicable

16. Whether an appraisal report has not yet been obtained: No or not applicable

17. Reason for not obtaining an appraisal report: Not applicable

18. Reasons for significant differences in appraisal results and auditor’s opinion: Not applicable

19. Auditor firm name: Not applicable

20. Auditor name: Not applicable

21. Auditor license number: Not applicable

22. Broker and brokerage fees: Not applicable

23. Specific purpose or use of the acquisition or disposal: Fleet renewal and expansion of shipping operations

24. Opinion of any director who objected to the transaction: Not applicable

25. Whether this transaction is a related-party transaction: No

26. Date of supervisor approval or audit committee consent:

27. Whether this transaction involves acquiring real estate or right-of-use assets from a related party: No

28. Valuation price under Article 16 of the “Regulations on the Acquisition or Disposal of Assets by Publicly Issued Companies”: Not applicable

29. Valuation price under Article 17 of the same regulations if the valuation under the previous item is lower than the transaction price: Not applicable

30. Previous date of material information disclosure regarding the same event: Not applicable

31. Other explanatory matters: 1. (B) is the amount for the transaction of 2 vessels (in USD) 2. (C) is the parent company’s total assets as of the latest individual financial reporting period