Bidding Announcement of 26640t Bulk Carrier “LV NENG 1” in International Shipping News 17/04/2026 Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online (www.shipbid.net) from 10:00 to 10:30 (Beijing Time) on May 09th, 2026. 1. Bidding Object: MV“LV NENG 1”,BULK CARRIER； Class:CCS； Flag:SHANGHAI； Trading Area:Costal; LOA:172.80m;MLB:23.80m;MLD:14.30m； GRT/NRT:16490/9234； DWT:26640t； Displacement:10.20m； Light Weight:6327.40t； M/E:Daihatsu Diesel Manufacturing Co Lt-Japan,8DKM-36,4413kW@600rpm,1set； Built Date:November 19th,2009； Builder:JIANGSU JIUZHOU SHIPBUILDING CO.,LTD； The vessel is currently under the state of bareboat charter export. The details of the subject matter under the bareboat charter are as follows: IMO Number:8671697； Flag:Panama； Class:ICS； Trading Area:A1+A2+A3； GRT/NRT:16532/8840； BWTS:SHANGHAI ELECTRIC CYECO ENVIRONMENTAL TECHNOLOGY CO.,LTD;CYECO B600/TRC:600m3/h； All the information and data refer to the bidding object provided in this Announcement as well as the attachments are for reference only. If there is any discrepancy, the class certificates, trading certificates and actual condition shall prevail. 2. Bidding Rules: 2.1 This bidding will be held without a reserved price. If only one bidder is collected, the bidder shall be identified as the Buyers; If there are two or more bidders participating in the bidding, the potential transfer of the ship will be carried out by auction. 2.2 The starting price is RMB 32.80 million, and the bidding deposit is RMB 3.3 million (or USD 0.48 million). Bid Increment is a multiple of RMB 0.02 million. 2.3 The bidding time will enter into Extension Cycle since 10:25, May 09th, 2026 (Beijing Time) after the bidding officially starts. And then the ending time will be refreshed to 5 minutes once each new bidding price offered. 2.4 If the Buyers pay the deposit in RMB when applying for the bidding, it will be automatically converted as part of purchase deposit after the bidding(i.e., Deposit). If the Buyers pay the deposit in US dollar, Buyers shall pay another RMB 3.3 million separately to the bidding company’s designated account within 3 banking days upon the completion of the bidding. The bidding company shall return the US dollar deposit fully back to the Buyers within 3 banking day after the receipt of the RMB deposit. 2.5 The time of this auction activity shall be subject to Beijing time.(except as otherwise herein provided) 3. Registration Requirements: 3.1 Registration is available from the date of this Announcement and ends before the auction starts (subject to the receipt of bidding deposit, the completion of online registration and the receipt of the bid number plate obtained on the platform. It is recommended that bidders pay the deposit 2-3 days in advance in order to avoid any issues resulting in missing the auction). No registration will be accepted after the deadline. Once a bidder successfully completes the registration(subject to obtaining an bid number plate), they shall be deemed to have fully understood, accepted and agreed to comply with the relevant provisions of this announcement, bidding rules, special provisions, attachments and relevant agreements. 3.2 This auction accepts registrations from domestic natural persons, as well as legally existing enterprises or organizations within or outside the People’s Republic of China. Intending bidders, their affiliated companies, and their ultimate beneficial owners, directors,