Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online (www.shipbid.net) from 10:00 to 10:30 (Beijing time) on July 30th, 2025.

1. Bidding Object:

“SAN HANG TONG 1”, Cement Mixing Vessel;

PoR: Panama;

Class: OMCS;

Trading Area: Unlimited Navigation Area;

LOA: 54.30m; MLB: 13.50m; MLD: 3.30m;

Full load Displacement: 1523.00t @2.30m draft;

Light ship displacement: 744.08t;

GRT: 895; NRT: 268;

Air Reservoir: 0.5m3-0.30MPa, for Concrete Slag Flushing;

Main Generator: MP-H-250-6, 250kw@1000r/min;

Main Prime Mover: Z6170ZLD -1, 300kw@1000r/min;

Built: June 1st, 1988；

Builder: Sanhang Marine Machinery Repair Factory;

Reconstruction shipyard: Zhoushan Panzhi Shipyard;

Reconstruction completion date: April 27th, 1991;

All the information and data referring to the bidding object provided in this Announcement as

well as the attachments are for reference only. If there is any discrepancy, the class certificates, trading certificates and actual condition shall prevail.

2. Bidding rules:

2.1 This bidding will be held without a reserved price. If there is only one bidder participating in the bidding, the bidder will be automatically determined as the buyer after the bidding period. If there are two or more bidders participating in the bidding, the potential transfer of the Vessel will be carried out by auction. No one has the preemptive right to the transfer of the Vessel.

2.2 The starting price is RMB 357,382.00 and the bidding deposit is RMB 36,000.00 (or US $5,000.00 only); Bid increment is a multiple of RMB 5,000.00.

2.3 The bidding time will enter into Extension Cycle since 10:25 July 30th, 2025 (Beijing Time) after the bidding officially starts, and then the ending time will be refreshed to 5 minutes once each new bidding price offered.

2.4 If the buyers use cross-border RMB as the settlement currency, the contract price shall be the auction transaction price. The buyers may also choose to make payment in US dollars, and in that case, the “Bank of China conversion rate” of the US dollar – RMB exchange rate announced by the Bank of China on the day of the auction transaction shall be used as the benchmark exchange rate for settlement.

2.5 The time of this auction is subject to Beijing time (unless otherwise stipulated).

3. Registration requirements:

3.1 Registration is available from the date of this Announcement and ends on July 30th, 2025 (Beijing time) 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 deadline. After successful registration, the bidder shall be deemed to have fully known, accepted and complied with the contents of this announcement, bidding rules, special provisions and relevant agreements.

3.2 This auction only accepts registrations from legally existing overseas enterprises or organizations. Bidders must ensure that they are not subject to sanctions by China, the United Nations, the European Union or the United States, and have the ability to pay in US dollars or cross-border RMB (during the auction or after the transaction, bidders must provide relevant explanations or supporting materials as reasonably required.

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

●Certificate of Incorporation certified as true copy by the director

●Articles of Incorporation

●Copy of Director’s Passport

●Undertaking for Bidding

●Bank slip of bidding deposit

4. Inspection of the Vessel:

Inspection place is to be determined (according to specific voyage and port arrangement, and we will issue the notice in advance if possible), please confirm with the bidding company for details. Potential bidders can inspect the Vessel within the stipulated time. The risk and expenses in relation to the inspection shall be borne by the potential bidders. The bidding company and the Sellers 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.

5. Account of Bidding Company:

(1) Cross-Border RMB account：

● Beneficiary Name: Zhejiang Shipping Exchange Co., Ltd.

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

● Beneficiary Bank: China Zheshang Bank

● Bank add: No.88,Lv Dao Road, Dinghai Dist., Zhoushan city, Zhejiang Prov.,P.R. China

● Account No.: 3420 0200 1012 0100 3787 39

● Cips Code: ZJCBCN2NXXX

● Remittance Reference: SAN HANG TONG 1

(2) USD Acct.:

● 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.: 3420 0200 1142 0100 0321 30

● 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.

● Remittance Reference: SAN HANG TONG 1

6. Contacts:

Mr. Zhou: +86 18058087036 / 0580-2038882；

Mr. Jiang: +86 18867155715 / 0580-2027516;

Email address: [email protected]

Website：https://www.shipbid.net:89/ol8g
Source: Shipbid