The Board of Jinhui Shipping and Transportation Limited (the 'Company')
announces that two wholly-owned subsidiaries of the Company entered into two
memorandums of agreement on 22 December 2021 for the acquisition of two
Supramaxes, each at a consideration of US$17,250,000. 

The announcement is also available on the website of the Company at
http://www.jinhuiship.com. 
For details, please see attachment on http://www.newsweb.no.

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