Shenzhen Capital Operation Group Co.,Ltd. and Shenzhen Capital (Hong Kong) Container Investment Co., Ltd. signed an agreement to acquire 11.8% stake in China International Marine Containers (Group) Co., Ltd. (SZSE:000039) from COSCO Container Industries Limited for CNY 4.2 billion on October 12, 2020. In related transaction, Shenzhen Capital (Hong Kong) Container Investment Co., Ltd. signed an agreement to acquire 17.9% stake in China International Marine Containers (Group) Co., Ltd. from Long Honour Investments Limited for CNY 6.3 billion. After the transactions, Shenzhen Capital Operation Group Co.,Ltd will become largest shareholders of China International Marine Containers (Group) Co., Ltd. holding 29.7% stake.

Raymond Shu-feng Li, Andy Tam and Beatrice Wun of Paul Hastings LLP acted as legal advisors to China International Marine Containers (Group) Co., Ltd.