JINHUI HOLDINGS (00137) announced that its indirect subsidiary, Jinsui Marine Inc., in which the company holds approximately 55.69% equity, has entered into an agreement with buyer Hong Kong Hengsheng Shipping Co., Ltd. to sell a vessel for $10.3 million (approximately HKD 80.34 million). The transaction was signed after market hours on November 24, 2025. The vessel, a 56,968 deadweight tonnage Supramax bulk carrier built in 2008 and registered in Hong Kong, will be delivered to the buyer between December 1, 2025, and February 28, 2026.

The group's core business involves international ship leasing and vessel ownership. The board has been closely monitoring the current shipping market conditions and will adjust the fleet composition as needed. The sale aligns with the group's ongoing strategy to optimize its fleet by maintaining a balanced portfolio and reducing operational risk exposure amid market volatility.

Proceeds from the sale will enhance the group's working capital and strengthen its liquidity and overall financial position. JINHUI operates a diversified dry bulk fleet, including Capesize, Panamax, Ultramax, and Supramax vessels. To remain competitive, the group focuses on improving fleet quality and adjusting its composition, particularly by lowering the average fleet age.

The company aims to maintain comfortable debt levels while preparing for potential capital reallocation opportunities into more suitable assets. Moving forward, JINHUI will continue monitoring market conditions and operational performance, seeking opportunities to modernize its fleet. This may involve selling older or smaller vessels and replacing them with newer or leased ships. Such decisions will be made flexibly to ensure financial agility and operational competitiveness.

Currently, the group operates a fleet of 26 vessels, including 20 owned ships (including the vessel being sold) and six leased vessels, with a total carrying capacity of approximately 2 million deadweight tons. Among the owned vessels, two are under sale-and-leaseback agreements, while one has been reclassified as held for sale.