Ningbo Meishan Bonded Port Area Tianding Kanghua Equity Investment Partnership Enterprise (LP) agreed to acquire 5.095833% stake in Nanjing ShengHang Shipping Co., Ltd. (SZSE : 001205) from Nanjing Yida Huisheng Venture Capital Fund (Limited Partnership) for approximately CNY 200 million on March 14, 2023. Under the terms, 8.6 million shares will be acquired at a price of CNY 23.20 per share in cash. Within 5 working days after the agreement signing, Ningbo Meishan Bonded Port Area Tianding Kanghua Equity Investment Partnership Enterprise (Limited Partnership) will pay 50% of the transfer price.

Within 5 working days after the completion of the transfer, Ningbo Meishan Bonded Port Area Tianding Kanghua Equity Investment Partnership Enterprise (Limited Partnership) will pay 50% of the transfer price.