On August 5, COSCO SHIPPING Development's 64,000 DWT bulk carrier "FENG SHUN HAI" was successfully named and delivered at COSCO SHIPPING Heavy Industry (Zhoushan). The first vessel in the series, FENG DA HAI, had already entered operation. With the two-vessel series now taking shape, the Company will further diversify its bulk carrier assets andunlock greater value from industry-finance collaboration.

Measuring approximately 199.90 meters in length, 32.26 meters in breadth and 18.85 meters in depth, FENG SHUN HAI is primarily designed to transport grain, coal, ore and other major dry bulk cargoes. It delivers excellent cargo-hold utilization, hull structure and operating economy, together with strong cargo adaptability and route flexibility. The vessel incorporates green and low-carbon design features to further improve energy efficiency and environmental performance. Its intelligent ship system and other advanced equipment provide effective support for safe vessel operation and operational management. Following delivery, the vessel will be chartered and operated by COSCO SHIPPING Bulk for dry bulk transportation, providing reliable capacity support for key commodities.

The 64,000 DWT bulk carrier industry-finance project is another successful example of COSCO SHIPPING Development leveraging its strengths in industry-finance collaboration, connecting resources across the industrial chain and creating value for the industry. It marks a further expansion of the Company's asset portfolio in the bulk carrier segment. Anchored in its strategic positioning as a shipping industry-finance operator, the Company will continue to enhance its vessel asset operations and industrial service capabilities. Through shipping leasing services better tailored to dry bulk transportation needs, it will continue to inject industry-finance momentum into efficient logistics flows and support the high-quality development of the shipping industrial chain.