Hainan Technologies(600751.SH): Plans to update and adjust the fleet structure

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On March 20, Gelonghui reported that HNA Technology (600751.SH) announced that by the end of 2025, the company will have a total of 10 self-owned bulk carriers, with a total capacity of approximately 930,000 deadweight tons. Some of the vessels are already 15-20 years old, leading to higher energy consumption and maintenance costs. To further improve the capacity structure and enhance the company’s market competitiveness, the company plans to update and adjust the fleet structure. Between 2026 and 2027, based on market demand and route planning, the company will continue to promote the optimization and upgrading of its self-owned fleet: it is expected to dispose of 1-6 old vessels and acquire 1-6 Newcastle-type or handymax vessels that are under 15 years old, in order to optimize vessel capacity allocation and increase capacity scale. The final disposal and acquisition plan for vessel assets will be carefully evaluated based on market and industry conditions, and will be carried out in accordance with the relevant regulations such as the “Shanghai Stock Exchange Listing Rules” and the “Company Articles of Association,” fulfilling the review procedures and information disclosure obligations.

To solidify its main business operations, enhance market competitiveness, and comprehensively improve performance levels, the company held the eighth meeting of the twelfth board of directors on March 20, 2026. The meeting reviewed and approved the “Proposal on External Investments by Subsidiaries and Cumulative External Investments,” agreeing that the company’s subsidiary, Tianjin Tianhai Logistics Investment Management Co., Ltd. (referred to as “Tianhai Logistics”), will increase its capital by 500 million RMB to its subsidiary Hainan Yaying Shipping Co., Ltd. (referred to as “Hainan Yaying”) and by 100 million RMB to Hainan Shengwu Investment Co., Ltd. (referred to as “Hainan Shengwu”). The capital increase to Hainan Yaying is mainly for the updating and expansion of the company’s shipping capacity, while the capital increase to Hainan Shengwu is mainly for its investment management business. The board of directors authorized the company’s chairman to handle matters within the scope of this capital increase, including but not limited to the establishment of new single-vessel companies, capital increases to existing subsidiaries, and other investment management matters, as well as signing documents and handling business registration changes.

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