COSCO SHIP DEV Affirms Normal Operations Amidst U.S. Investigation Announcement

Stock News05-22

COSCO SHIP DEV (02866) has issued an announcement stating that the company's board has taken note of the public announcement by the U.S. Department of Justice (DOJ) regarding charges against certain container manufacturing enterprises and individuals for allegedly conspiring to restrict the production of specific non-refrigerated transport containers and manipulate their prices. This matter involves the company's subsidiary, Shanghai Huanyu Logistics Equipment Co., Ltd.

As of the date of this announcement, Shanghai Huanyu Logistics Equipment Co., Ltd. has not received any legal process documents or other legal instruments from the U.S. Department of Justice concerning this matter. The company will address the issue with high priority and appropriately. COSCO SHIP DEV will closely monitor developments regarding the situation.

The company confirms that, as of the date of this announcement, its daily business operations remain normal in all material aspects.

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