Haikou Xinhai Ferry Terminal Co., Ltd. announced a placement of common shares for gross proceeds of CNY 187,502,100 on December 13, 2022. The transaction will include participation from returning investor, Hainan Strait Shipping Co.,Ltd. The transaction has been approved at the thirteenth (provisional) meeting of the seventh board of directors of Hainan Strait Shipping Co.,Ltd. but is yet to be approved by the shareholders. After the capital increase, the registered capital of the company will increase from CNY 1,066,870,300 to CNY 1,254,372,400.