As the largest third-party ship management services provider headquartered in the PRC in 2021 with comprehensive ship management solutions, we are well-positioned to benefit from solid industry growth.

According to the F&S Report, we are the largest ship management services provider headquartered in the PRC in 2021 in terms of the number of third-party owned vessels under management. Through years of development, we have become a leading market player in the ship management services industry in the PRC.

Through our sizeable network of trusted vessel suppliers and the strategically balanced asset mix in our vessel fleet, we are able to offer a comprehensive portfolio of vessels with flexible schedules, meeting customers' needs and enhancing our competitiveness in the industry.

We are the fifth largest shipping services company and the fifth largest dry bulk shipping services company headquartered in the PRC in terms of weight carrying capacity for international shipping routes in 2021, according to the F&S Report. We have achieved this ranking in the shipping services industry primarily due to our sizeable, and diversified fleet of vessels comprising controlled vessels, to which we have ownership or long-term interests over, as well as chartered-in vessels, which we chartered from our vessel suppliers predominantly under time charter.

We have developed a high quality and diversified customer base

Leveraging our extensive expertise, in-depth industry knowledge, significant operational experience, strong capabilities of providing comprehensive and high-quality services, we have established stable relationships with our customers. We have attracted high quality, diversified customers which consist of leading shipping charterers as well as global trading multinationals. Our customers include globally-recognised blue-chip multinationals, such as one of the world's leading dry bulk owners and vessel operators; large multinational conglomerates engaged in the trading of agricultural goods; the world's largest private metals trader; and one of Japan's largest steel traders. We believe that our stable and continued business relationship with such sizeable, internationally-known market players is a testament to the quality of our service offerings as well as our customers' satisfaction with our services.

We are able to achieve customer satisfaction and sustainable development through our quality and reliable service offerings.

We believe with the quality and reliability of our service offerings, we have been able to achieve customer satisfaction and sustainable development. In order to maintain and continuously improve our service quality, we have formulated and adopted a series of policies and practices covering various aspects of our service processes and procedures. For instance, in respect of our ship management services, we have established comprehensive management guidelines that allow us to devise management solutions based on each particular type of vessel and the specific requirements of each charter. In addition, we have constantly obtained feedback from our customers and evaluated the quality of our service offerings in a timely manner. We have maintained the GB/T 19001–2016/ISO 9001: 2015 certification for quality management systems since 2017 and obtained the Grade A status for the Equipment Supervision Unit Certificate issued by the China Association of Plant Engineering Consultants with respect to our shipbuilding supervision services since 2021.

We have a highly qualified and dedicated management team with extensive industry insight and experience.

Our experienced management team has played a key role in leading the implementation and development of our business strategies. They provide us with industry and operational acumen, which have been and will continue to be the key to our success in our future operations and profitability. We believe the industry insights of our management team garnered through their many years of experience in the maritime shipping industry will allow us to accurately identify and grasp market opportunities, carefully devise astute business strategies, and effectively execute such strategies to maximize value for our Shareholders.