COSCO HAIFA announced that Hainan COSCO Shipping Co., Ltd., an indirect wholly-owned subsidiary of the company, plans to commission Waigaoqiao Shipyard to build 10 210,000 ton bulk carriers, with a single ship price of 528 million yuan, with a total investment of about 5.375 billion yuan; entrust Nantong Xiangyu Offshore Equipment Co., Ltd. to build 5 ships at the same price, with a total investment of about 2,688 billion yuan. After delivery, the 15 vessels mentioned above will be leased to Huifeng Shipping Co., Ltd., a subsidiary of COSCO SHIPPING. The lease period is 20 years ± 120 days. They are expected to be delivered from May to December 2030, and the annual rent for each ship will not exceed 59.4 million yuan. In addition, the company plans to update the debt financing instrument issuance plan, adjust the size of medium-term notes to no more than 25 billion yuan, and will also apply for registration to issue corporate bonds, all of which are subject to review by the shareholders' meeting.

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