Six Shipowner Companies Successfully Hold Joint Board Meeting and Annual General Meeting

April 24, 2026

On April 24, 2026, the Joint Board Meeting and Annual General Meeting of Yue Peng, Yue Gang, Yue Yang, Min Rong, Min Lu, and Shanghai LNG Shipping Co., Ltd. (hereinafter referred to as the "Six Shipowner Companies") was successfully held in Hong Kong.

The meeting was chaired by Director Xu Yinsheng. Directors of the respective companies，including Xu Hui, Yin Zairong, Shen Ying, Huang Mingyao, Li Ziqiang, Gao Wei, Sheng Shanxing, Wei Jinhuo, Zhu Yongkai, Zhou Bin, Cong Jian, Shen Feng, and others attended the meeting either in person or via video link.

The meeting carefully reviewed and deliberated on the report regarding vessel operations, and made strategic arrangements on key issues such as safe vessel operation, hazard identification and remediation, and low-carbon operation and maintenance of aging vessels.

The meeting approved the year-end profit distribution proposal for the Six Shipowner Companies for the 2025 fiscal year, thereby effectively safeguarding shareholder returns. It also approved the reappointment of KPMG as the auditor for the Six Shipowner Companies for the 2026 fiscal year, further solidifying the foundation for financial compliance and internal controls.

The meeting required that the ship management company should conduct a comprehensive review of potential technical risks associated with the vessels, strengthen source control, and deepen the coordinated operation and maintenance model for sister vessels. Efforts shall be made to maximize the lifecycle value of vessel assets and ensure the safe, stable, and efficient operation of the fleet.