COSCO HAIFA announced that it plans to entrust Dalian Heavy Industries to build 15 88,000-ton multi-purpose grain vessels through its indirect wholly-owned subsidiary Hainan Haifa Shipping, with a transaction amount of 4.785 billion yuan. This is a related transaction; it entrusts Waigaoqiao Shipyard to build 10 210,000 ton bulk carriers, with a transaction amount of 5.28 billion yuan, constituting the main transaction. At the same time, it is proposed to increase the issuance amount of 15 billion yuan of medium-term notes to no more than 25 billion yuan; apply for registration to issue corporate bonds of no more than 6 billion yuan to repay interest-bearing debts, etc. The above proposals have all been reviewed by the board of directors and submitted to the shareholders' meeting for consideration.

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