Qingbiao Shipping to Dispose Right-of-Use Assets for 12 1,900-TEU Container Vessels, Expected Lease Modification Gain of About US$5.03 Million

Qingbiao Shipping announced the disposal of vessel right-of-use assets involving 12 1,900-TEU full container vessels, with lease terms ranging from approximately 4.38 to 8.01 years. The transaction will reduce right-of-use assets by US$173,627,638.50 and is expected to recognize a lease modification gain of approximately US$5,027,308.03. The counterparty is Evergreen Marine (Asia) Pte. Ltd., a related party of Qingbiao Shipping. The company said the selection of the related party as the transaction counterparty was made to meet operational needs. The transaction was determined through negotiation, with pricing based on market prices, and was approved by Qingbiao Shipping’s board of directors. Regarding the previous transfer, Qingbiao Shipping leased vessels from 13 non-related parties during 2020 to 2022, with lease terms of approximately 9.92 to 12.43 years. The total vessel right-of-use assets recognized at that time were approximately US$298,347,828.39. This transaction is a related-party transaction. Both the board approval date and the audit committee approval date were May 14, 2026 under the ROC calendar year 115. The company stated that the purpose of the transaction is to support operational needs, no directors expressed objections, and payment terms and other key contractual matters will follow the relevant agreements.