The six Suezmax tankers owned by a Swiss shipowner are recently successfully delivered and leased under a leasing projected undertaken by COSCO SHIPPING Development. The project, which is its single biggest deal on record, further expands the Company's international ship leasing business and will bring stable returns, a sign that COSCO SHIPPING Development has made a big leap in the global ship leasing market with its unique competitive strengths.

　　The six Suezmax tankers are the largest tankers capable of passing through the Suez Canal fully loaded, with a capacity of 150,000-160,000 DWT each, featuring both flexibility and scale effect. They can stay at most tanker terminals around the world without being subject to the draught limitations, and are all equipped with the ballast water treatment system and desulfurization towers.

　　COSCO SHIPPING Development is committed to continually innovating its business models, improving service quality, developing quality clients, and actively expanding into the global ship leasing market. In the meantime, the Company's ship leasing unit strictly controls risks, focuses on long-term stable returns, and continuously increases economic benefits, effectively contributing to boosting the Company's value.

　　Going forward, COSCO SHIPPING Development will continue to adhere to the strategy of "Being market-oriented and client-centric while conducting risk control" and fulfill our mission of "Finance aids industry and development creates value" to promote high-quality development.