Jinhui Holdings Company Limited (stock code: 137) disclosed that on 24 November 2025, a subsidiary indirectly owned (approximately 55.69%) by the group entered into an agreement with Forever Win Shipping Limited to dispose of a Supramax vessel for US$10.3 million (approximately HK$80.34 million). Delivery of the vessel is scheduled between 1 December 2025 and 28 February 2026, subject to post-sale mortgage and security arrangement in favor of the vendor.

Under the payment structure, an initial deposit of US$1.03 million is due within three banking days of specified conditions. A first installment of US$4.27 million is payable two banking days before vessel delivery, and the remaining US$5.0 million is divided into twelve quarterly installments accruing interest at 7.50% per annum. The vendor intends to direct the proceeds to general working capital.

The vessel, a 2008-built Supramax of deadweight 56,968 metric tonnes, carried an unaudited net book value of approximately HK$84.69 million as of 30 September 2025. The transaction is expected to result in a book loss of about HK$4.4 million, though the exact amount will depend on the vessel’s net book value at completion and associated disposal costs.

According to the announcement, the disposal supports the group’s strategy of optimizing its fleet by adjusting its age profile and maintaining a balanced portfolio. It qualifies as a discloseable transaction under the Listing Rules, given the applicable percentage ratios exceed 5% but are below 25%, and is therefore subject to reporting and announcement requirements.