Haitong Development announced that the company plans to issue A-shares to specific targets, raising no more than RMB 2 billion in total capital for ship purchase projects, and plans to purchase 16 ships. Dayunming Investment and Dalan Investment each plan to subscribe for no less than 100 million yuan, for a total of not less than 200 million yuan. Matters related to this offering have been reviewed and approved by the 47th meeting of the fourth board of directors. They still need to be reviewed and approved by the shareholders' meeting, reviewed and approved by the Shanghai Stock Exchange and registered by the China Securities Regulatory Commission.

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