Bidding Announcement of 47215t Bulk Carrier “GUO YUAN 7”

July 22nd, 2025

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 August 6th, 2025 (“Auction Day”), which is hereby announced as follows:

1. Bidding Target:

“GUO YUAN 7”

IMO No.: 9142930;

Type: Bulk Carrier;

PoR: Shanghai, China;

Class: CCS;

LOA: 189.85m; Breadth: 31.00m; Depth: 16.6m;

DWT: 47215t;

Scantling Draft: 11.940m;

GT/NT: 28076/15996;

Light Weight: 9445.9mt(including the fix ballast totally 82 tons, material: blasting sands);

M/E: SULZER 6RTA52U, 7867KW/114.5RPM, total 1 set;

Propeller Material: NI – AL Bronze;

Built Time: September 5th, 1997;

Builder: Jiangnan Shipyard (Group) Co., Ltd., China;

Last Annual Survey: August 2024, Next Special Survey: 30th September 2027.

Remarks: The Vessel applied for domestic trade routes to CCS in 2010 and has been in operational status.

(All the information and data refer to the Vessel provided in this Announcement, Special Provisions as well as the attachments (if any) 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; 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: RMB25.28million;

Bidding Deposit: RMB2.50million (or US$0.35million) (the “Bidding Deposit”).

Each increment of the bidding price shall be in an integer multiple of RMB20,000.

2.3 The Auction will commence from 16:00 hours (Beijing Time) on the Auction Day. The extended bidding phase will begin at 16:25 hours (Beijing Time) on the Auction Day with a 5-minute countdown for extended bidding. During the extended bidding period, (A) if there is no new bid offered within 5 minutes, the Auction will be deemed completed; or (B) if there are further bids after 16:25 hours (Beijing Time), the countdown will automatically reset to 5 minutes.

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 and refund of each Bidding Deposit shall be borne by the relevant unsuccessful bidders.

2.5 The Purchase Price shall be settled in CNY. If the Buyer is a legally existing enterprise or organization outside China, the Buyer has the right to use cross border RMB or USD with the middle rate published by Bank of China on the Auction Day as the settlement currency

If an overseas Buyer decides to settle the purchase price in USD but paid the Bidding Deposit in RMB, the Buyer must remit the USD-denominated Bidding Deposit (US$0.35million) to the bidding deposit account nominated by the Auction Company within three (3) Banking Days after the signing of the Auction Confirmation. The Auction Company shall return the RMB Bidding Deposit paid by the Buyer (without interest) via the original route within two (2) Banking Days after receiving the USD Bidding Deposit.

2.6 “Banking Day” in this Auction 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 Transaction Service 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. No registration will be accepted after the auction officially begins. Successful registration is subject to the bidder obtaining a bidding number plate. After confirming that the intended bidder’s Bidding Deposit has been received in full and the registration procedures have been submitted and approved by the Auction Company’s backend review, the intended bidder can obtain a bidding number plate. To avoid problems that may cause missing the valid registration period, it is recommended that intended bidders pay the Bidding Deposit and complete the registration procedures 3-5 Banking Days in advance. After successful registration (subject to obtaining a bidding number plate), 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 This Auction accepts registrations from natural persons within China (excluding Hong Kong, Macao and Taiwan) or legally existing enterprises or organizations within and outside the People’s Republic of China.

The bidders must ensure that they are not subject to sanctions imposed by China, the United Nations, the European Union, the United Kingdom or the United States, and have the ability to make and receive payments in US dollars (during the bidding or after the transaction, 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):

(1) Bidders within China (e.g., Chinese citizens, nationals, or enterprises registered in mainland China, excluding Hong Kong, Macau, and Taiwan):

Scanned copy of the business license (with official seal)

Scanned copy of the ID card of the legal representative (with official seal)

Scanned copy of the ID and Power of Attorney (if any, with official seal)

Bank slip or other documentary evidence that the Bidding Deposit has been paid

(2) Overseas bidders:

Certificate of Incorporation

Articles of Incorporation

Certificate of Incumbency or equivalent showing names of all directors and shareholders

Copy of all Director’s’ Passports

Undertaking for Bidding

Bank slip or other documentary evidence of bidding deposit

4.Inspection of the Object:

Inspection arrangements will be notified separately and are to be determined. Please contact the Auction Company for details.

Potential bidders may inspect the Vessel within the stipulated inspection time and shall bear all expenses, risks and responsibilities of the inspection personnel during the inspection process. 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 fully understood and accepted all conditions of the bidding target vessel, including but not limited to all known and unknown defects related to the vessel’s class, vessel’s certificates, vessel’s condition, etc. Potential bidders shall not object to defects, such as the quality, of the auction target for any reason. The successful bidder shall be deemed to have accepted the current condition of the vessel and will not require or request any survey or inspection of the vessel.

5. Bidding Deposit Account:

5.1 RMB Account:

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

5.2 USD Account:

Beneficiary: Zhejiang Shipping Exchange Co., Ltd.

Beneficiary Add: 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