About CSSC SHIPPING Company

China Shipbuilding Group (Hong Kong) Shipping Leasing Co., Ltd. (the “Company”, the “Company”, or “China Ship Leasing”, together with its subsidiaries collectively referred to as the “Group”) was established in June 2012. It is the only red-chip listed company under China Shipbuilding Group Co., Ltd. (“China Shipbuilding Group”). It is the number one shipyard leasing company in Greater China and one of the world's leading ship leasing companies. With the strong industrial background and strong maritime expertise of the controlling shareholders, the Group focuses on developing the leasing, investment and operation business of ships and marine equipment, and provides customized and flexible comprehensive shipping services and financial service solutions for ship operators, shipowners and traders around the world. As of December 31, 2023, the company's ship portfolio reached 151 ships, with total assets exceeding HK$45 billion. The scale of ship assets and number of ships is in a leading position in the global ship leasing industry. Since its establishment, the Group's operating efficiency has continued to grow rapidly. With the “two wings in one” business model of ship leasing, investment and operation, and continued efforts in the field of green and clean energy, the Group's business performance once again reached a record high in 2023. The Group has built a high-tech fleet featuring clean energy offshore equipment, and is the first company in the leasing industry to build a complete marine clean energy storage and transportation system; innovated green finance and won the Hong Kong Green and Sustainable Finance Award issued by the Hong Kong Quality Assurance Agency (HKQAA) in 2021; designed and developed risk quantification assessment tools with independent intellectual property rights to achieve quantitative risk management throughout the life cycle of the project. Since its listing, it has received Fitch's “A” credit rating and S&P's “A-” credit rating for five consecutive years. As one of the first domestic enterprises to be selected for the “Double Hundred Action” comprehensive reform pilot project of the State Council's State-owned Assets Administration Commission (“SASAC”), it won the highest “Benchmark” rating in the 2021 “Double Hundred Action” assessment.