About CSSC SHIPPING Company

China Shipbuilding Group (Hong Kong) Shipping Leasing Co., Ltd. (“the Company” or “China Ship Leasing”, together with its subsidiaries, collectively the “Group”) was established in June 2012 in Hong Kong, China. It is the only red-chip listed company under China Shipbuilding Group Co., Ltd. (“China Shipbuilding Group”). It is the first shipyard leasing company in Greater China and one of the world's leading ship leasing companies, providing customized and flexible ship leasing solutions for ship operators, cargo owners and traders around the world. With strong expertise and strong industrial background in the offshore industry, the Group focuses on developing the ship and marine equipment leasing business. On June 30, 2023, the Group's ship portfolio reached 155 ships, and 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 business and efficiency have continued to grow rapidly. While the maritime industry is in a period of sluggishness, the Group continues to implement countercyclical investment management measures, provide leasing services to leading partners in various segments of the maritime industry, and establish long-term strategic cooperative relationships. In the first half of this year, the overall performance of the global shipping market was excellent, the bulk carrier and container ship market remained high, and the tanker market recovered strongly. Using its unique business strategy, the Group fully shared the benefits of the shipping market boom, and asset values continued to rise. Under the new market situation, the Group has strengthened overall research and judgment on the shipping market segment, vigorously implemented a cross-cycle investment strategy, focused on planning green equipment and clean energy businesses, and continued to maintain steady operations and sustainable high-quality development. China is speeding up the construction of a dual cycle development pattern with the domestic general cycle as the main body, domestic and international dual cycles promoting each other, building a “maritime power”, fully implementing the goals of “carbon peak, carbon neutrality” and national strategies such as the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, and signing regional comprehensive economic partnership agreements, etc., which will provide new major strategic opportunities for the development of maritime industry and ship leasing business. The Group's professional advantages in ship leasing, leading market position, mature and continuously innovative business model, and high-quality ship assets help us seize new opportunities, meet new challenges, and achieve new development. The company is headquartered in Hong Kong, China. In order to develop the development of ship leasing and marine equipment leasing business in the Asia-Pacific region, the company has set up subsidiary companies in Singapore, Shanghai, Tianjin and Guangzhou.