SAIC Anji Logistics Co., Ltd. announced that it will receive CNY 2 billion in an equity in a round of funding on November 21, 2024. The transaction include participation from new investor COSCO SHIPPING Holdings Co., Ltd for CNY 1 billion and will acquire 10% stake in the company and returning investor Shanghai International Port (Group) Co., Ltd for CNY 1 billion and will acquire 10% stake in the company. The transaction has been approved in the 51st meeting of the third board of directors of the Company and the transaction has been approved at the 11th meeting of the 7th Board of Directors of COSCO SHIPPING Holdings Co., Ltd and does not need to be submitted to the shareholders' meeting of COSCO SHIPPING Holdings Co., Ltd for review.

Post the transaction the registered capital of the Company will increase from CNY 600 million to CNY 750 million.