Entrusted by the Seller, our company (the “Auction Company”) is scheduled to conduct an online public auction on the Shipbid website (www.shipbid.net) from 16:00 to 16:30 (Beijing time) on July 30th, 2025 (“Auction Day”), which is hereby announced as follows:

1. Auction Target:

“HUA XIN 5”

Type: Multi-purpose Cargo Ship;

PoR: Nanning, China;

Surveyed by: (GZAR) Ship Inspection Bureau;

LOA: 149.80m; Breadth: 22.50m; Depth: 11.3m;

17110t DWCC on 8.1m draft;

GT/NT: 11381/6373;

Max Capacity: 937TEU (15 Reefer plugs);

Cargo No.:3, total capacity: 20740m3;

M/E: GuangZhou Diesel 6G32A, 2930Kw@600rpm, total 1set;

Built Time: March 24th, 2022;

Builder: Anhui Xin’an Shipbuilding Co., Ltd;

The subject vessel has been exported with BareBoat Charter since October 26th, 2022.

The description under BBC as follows:

“HUA XIN 5” (IMO No.: 9985265)

Type: Multi-purpose Cargo Ship;

Flag: Panama;

Class: OMCS;

Area A1+A2+A3;

GT/NT: 11381/5358;

DWT: 17110t.

Bow thruster: SUZHOU COSC CTD170Z-FP, 450KW x 1 set;

BWTS: fitted, Brand:LeesGreen, Type: LS-250;

Last DD April 2025, Next SS March 2027;

Remarks: The Vessel has been performing time charter in the FE Asia range recently.

(All the information and data refer to the Vessel provided in this Announcement, Special Provisions as well as the attachments are for reference only.)

2. Bidding Rules:

2.1 This Auction will be held without a reserved price. If only one bidder registers for the Auction, such bidder shall be determined as the Buyer on the Auction Day, with the purchase price being the Starting Price. If two or more bidders register for the Auction, the Buyer shall be determined during the course of the Auction. There is no right of first refusal in this Auction.

2.2 Starting Price: US$8.00million;

Bidding Deposit: US$0.80million (or RMB6.00million) (the “Bidding Deposit”).

Each increment of the bidding price shall be in an integer multiple of US$10000.

2.3 The Auction will commence from 16:00 hours on the Auction Day (Beijing Time) will continue until 16:25 hours on the Auction Day (Beijing Time) after which time (A) if there is no new bid offered 5 minutes thereafter, the Auction will be deemed completed or (B) if there are further bids after 16:25 hours then the Auction will only be deemed completed when 5 minutes elapses from the time of the last entered bid.

2.4 The Bidding Deposit of unsuccessful bidders will be refunded within two (2) Banking Days after the end of the Auction, and each such Bidding Deposit will not accrue any interest. Bank or other charges incurred in relation to the remittance of each Bidding Deposit shall be borne by the relevant unsuccessful bidders.

2.5 If the Buyer pay the deposit in CNY, the Buyer shall pay another USD 0.8 million separately to the Auction Company’s designated US dollar account within three (3) Banking Days after the Auction Confirmation has been signed. The Auction Company shall return the CNY deposit fully back to the Buyer within two (2) Banking Days after the receipt of the US deposit.

2.6 “Banking Day”means a business day (excluding Saturdays and Sundays) on which banks are open for general business at the places where the Seller, the Auction Company and the Escrow Agent are registered, as well as the locations of their respective account-opening banks.

2.7 The time of this auction activity shall be subject to Beijing time (unless otherwise expressly stated).

3. Registration requirements:

3.1 Registration is available from the date of this announcement and ends before the auction starts (subject to the receipt of bidding deposit, the completion of online registration and the receipt of the bid number plate obtained on the platform. It is recommended that bidders pay the deposit 3-5 Banking Days in advance in order to avoid any issues resulting in missing the auction). No registration will be accepted after the 16:00 (Beijing Time) of the bidding date. After successful registration, the bidders shall be deemed to have fully known, accepted and complied with the contents of this announcement, bidding rules, special provisions, attachments and relevant agreements.

3.2 Any natural persons with full civil capacity in China and corporation or organization in and outside the People’s Republic of China with legally existing may participate in this bidding.

The bidders must ensure that they are not subject to sanctions imposed by China, the United Nations, the European Union or the United States, and have the ability to make and receive payments in US dollars (during the bidding or after the bidding, the bidders must provide relevant explanations or proof materials and complete KYC verification according to reasonable needs).

3.3 The bidders shall submit the following documents for registration (including but not limited to):

Certificate of Incorporation

Articles of Incorporation

Copy of Director’s Passport

Undertaking for Bidding

Bank slip of bidding deposit

4. Inspection of the Object:

Inspection is to be determined, please contact with the Auction Company for details.

Potential bidders may inspect the Vessel within the stipulated time. All the expenses, risks and responsibilities of the inspectors during the process shall be borne by the potential bidders. The Auction Company and the Seller shall only be responsible for coordination work. Potential bidders who fail to participate in the on-site inspection yet complete the registration procedure within the prescribed inspection time shall be deemed to have recognized and accepted the status quo and defects of the Vessel, including but not limited to all known and unknown defects related to the vessel certificates and the vessel condition, etc. Potential bidders shall not object to defects, such as the quality, of the Vessel for any reason. The Seller shall undertake to delivery the Vessel on a basis ‘as was where was’ at the time of inspection made by the Buyer, fair wear and tear excepted. At the time of delivery, the Seller shall ensure the current class of the Vessel with classification characters and notations.

5. Account of Auction Company:

(1) USD Acct.1：

Beneficiary: SHIPBID (SINGAPORE) SHIPPING EXCHANGE PTE. LTD.

Beneficiary Address: 3 TEMASEK AVENUE #27-02 CENTENNIAL TOWER SINGAPORE 039190

Account No.: 072-124228-1

SWIFT Code: DBSSSGSG

Beneficiary Bank: DBS Bank Ltd Singapore

(2) USD Acct.2:

Beneficiary: Zhejiang Shipping Exchange Co., Ltd.

Beneficiary Address: 6th Floor, Zhoushan Bulk Commodity Exchange Center, No.555 Wengshan Rd, Lincheng Zhoushan, Zhejiang Province, P.R.China

Account No.: 3420020011420100032130

SWIFT (Beneficiary Bank): ZJCBCN2N

Beneficiary Bank: China Zheshang Bank

Beneficiary Bank Address: No.88,Lv Dao Road, Dinghai Dist., Zhoushan City, Zhejiang Prov., P.R. China

(3) RMB Acct.：

Beneficiary: 浙江拍船网航运交易股份有限公司

Account No.: 3420020010120100378739

Beneficiary Bank: 浙商银行舟山分行

6. Contacts:

Ms. Pan: +86 13606589339/0574-87243887

Ms. Lin: +86 13646696072 /0574-87243887

E-mail: [email protected]

Website：https://www.shipbid.net:89/5fir
Source: Shipbid