The Board of Jinhui Shipping and Transportation Limited (the 'Company')announces
that a wholly-owned subsidiary of the Company entered into a provisional
agreement for sale and purchase with the Vendor on 29 July 2020 in respect of
the acquisition of the Property at a consideration of HK$19,500,000.

For details, please refer to the attached.

The announcement is also available on the website of the Company at
www.jinhuiship.com.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act).

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