The Board of Jinhui Shipping and Transportation Limited (the 'Company')
announces that a wholly-owned subsidiary of the Company entered into a
memorandum of agreement on 10 July 2020 for the acquisition of a Supramax at a
purchase price of US$3,950,000. 

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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