The Board of Jinhui Shipping and Transportation Limited announces that a
wholly-owned subsidiary of the Company entered into a memorandum of agreement on
21 February 2024 for the acquisition of a Panamax at a purchase price of
US$31,122,450. 

The announcement is also available on the website of the Company at
http://www.jinhuiship.com. 
For details, please see attachment on http://www.newsweb.no.

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