jokerscmslots| China Ship Charter (03877.HK) entered into a bareboat charter agreement

Gelonghui May 20 丨 China Shipping (600150) Lease (03877jokerscmslots.HK) Announcementjokerscmslots, on May 20, 2024jokerscmslots, Fortune CSASP I and Fortune CSASP II, the company's wholly-owned special purpose vehicles, have entered into a memorandum of agreement and bareboat charter agreement with, among others, the charterer Asia Pacific Shipping Company, pursuant to which Fortune CSASP I and Fortune CSASP II have agreed to (i) purchase the vessel from the charterer at a consideration; and (ii) based on the estimated total rent payable by the charterer at approximately 1jokerscmslots.29 billion US dollars to charter the ship back to the charterer.

The memorandum of agreement and bareboat charter agreements were entered into by Fortune CSASP I and Fortune CSASP II in the ordinary course of their business. The Directors believe that the entering into of the memorandum of agreement and bareboat leasing agreement will strengthen the Group's leasing business and be in line with the Group's overall business development strategy.