SEACON (02409) announced on October 16, 2025, after trading hours on the stock exchange, that (1) its three wholly-owned indirect subsidiaries, SEACON ATLANTA LTD., SEACON BARCELONA LTD., and SEACON COLOMPO LTD., have entered into a bareboat charter agreement with one of the owners, under which the owner agrees to lease a vessel to the respective charterers; and (2) the group agrees to enter into a guarantee document, with the owners as beneficiaries, and a multi-party agreement. The owners are Qihang Zhongzhou No. 2 Leasing (Tianjin) Co., Ltd., Qihang Zhongzhou No. 3 Leasing (Tianjin) Co., Ltd., and Qihang Zhongzhou No. 4 Leasing (Tianjin) Co., Ltd. Each vessel will be approximately 40,400 dwt bulk carriers constructed under the respective shipbuilding contracts. The bareboat charter arrangement is in line with the group's ongoing strategy, which aims to expand its controlled fleet by acquiring three bulk carriers while maintaining capital liquidity and diversifying the fleet. By acquiring these vessels, the group's bulk transport capacity will increase, allowing the company to better meet market demand for its large equipment shipping services, generating additional revenue and creating greater value and returns for shareholders.