Brief introduction of North Sea shipping

The shareholders of Shanghai Beihai Shipping Co., Ltd. are CNOOC Natural Gas Development and Utilization Co., Ltd. affiliated to China Offshore Oil Corporation (25%), Shanghai Shipping (Group) Co., Ltd. affiliated to China Shipping Group (25%), Sinochem International (Holdings) Co., Ltd. affiliated to China Sinochem Group Corporation (25%) and Hongkong Yinbang Overseas Co., Ltd. (25%).

China Offshore Oil Corporation is one of the three largest oil companies in China with a registered capital of 20 billion yuan. The main business is to organize the exploration, development, production and refining of offshore oil and natural gas, petrochemical and natural gas processing and utilization.

China Shipping Group Company has invested in various types of ships for many years, and its routes cover major ports in the world, domestic coastal ports and ports in the middle and lower reaches of the Yangtze River. It mainly carries coal, oil, metal ore, grain and other bulk key materials that affect the national economy and people's livelihood. It is a comprehensive and important state-owned shipping enterprise integrating ship transportation, repair, supply, education and medical security.

Sinochem International (Holdings) Co., Ltd. (hereinafter referred to as Sinochem International) under China Sinochem Group Corporation is a joint-stock company founded by China Chemical Import and Export (Group) Co., Ltd., a large state-owned enterprise. Listed on 1999, it is mainly engaged in import and export trade, warehousing, transportation and freight forwarding of oil products, chemical raw materials and various chemical products.

Hong Kong Yinbang Overseas Co., Ltd. is an investment company registered in Hong Kong, mainly engaged in the investment business of shipping enterprises and chemical enterprises. Yinbang Company expands financing channels for domestic enterprises through joint ventures and introduces modern management concepts and experiences.