【Bidding】Announcement of Bulk Carrier MV GUO YUAN 6

Entrusted by the Seller, our company (the "Auction Company") is scheduled to conduct an online public auction on the Shipbid website (www.shipbid.net) from 16:00 to 16:30 (Beijing time) on October 15th, 2025 ("Auction Day"), which is hereby announced as follows:

1.Bidding Target:

(All the information and data refer to the Vessel provided in this Announcement, Special Provisions as well as the attachments (if any) are for reference only.)

2. Bidding Rules:

2.1 This Auction will be held without a reserved price. If only one bidder registers for the Auction, such bidder shall be determined as the Buyer on the Auction Day; If two or more bidders register for the Auction, the Buyer shall be determined during the course of the Auction. There is no right of first refusal in this Auction.

2.2 Starting Price: RMB26.90million;

Bidding Deposit: RMB2.70million (or US$0.40million) (the "Bidding Deposit").

Each increment of the bidding price shall be in an integer multiple of RMB20,000.

2.3 The Auction will commence from 16:00 hours (Beijing Time) on the Auction Day. The extended bidding phase will begin at 16:25 hours (Beijing Time) on the Auction Day with a 5-minute countdown for extended bidding. During the extended bidding period, (A) if there is no new bid offered within 5 minutes, the Auction will be deemed completed; or (B) if there are further bids after 16:25 hours (Beijing Time), the countdown will automatically reset to 5 minutes.

2.4 The Bidding Deposit of unsuccessful bidders will be refunded within two (2) Banking Days after the end of the Auction, and each such Bidding Deposit will not accrue any interest. Bank or other charges incurred in relation to the remittance and refund of each Bidding Deposit shall be borne by the relevant unsuccessful bidders.

2.5 The Purchase Price shall be settled in CNY. If the Buyer is a legally existing enterprise or organization outside China, the Buyer has the right to use cross border RMB or USD with the middle rate published by Bank of China on the Auction Day as the settlement currency

If an overseas Buyer decides to settle the purchase price in USD but paid the Bidding Deposit in RMB, the Buyer must remit the USD-denominated Bidding Deposit (US$0.40million) to the bidding deposit account nominated by the Auction Company within three (3) Banking Days after the signing of the Auction Confirmation. The Auction Company shall return the RMB Bidding Deposit paid by the Buyer (without interest) via the original route within two (2) Banking Days after receiving the USD Bidding Deposit.

2.6 "Banking Day" in this Auction means a business day (excluding Saturdays and Sundays) on which banks are open for general business at the places where the Seller, the Auction Company and the Transaction Service Agent are registered, as well as the locations of their respective account-opening banks.

2.7 The time of this auction activity shall be subject to Beijing time (unless otherwise expressly stated).

3. Registration Requirements:

3.1 Registration is available from the date of this announcement and ends before the auction starts. No registration will be accepted after the auction officially begins. Successful registration is subject to the bidder obtaining a bidding number plate. After confirming that the intended bidder's Bidding Deposit has been received in full and the registration procedures have been submitted and approved by the Auction Company's backend review, the intended bidder can obtain a bidding number plate. To avoid problems that may cause missing the valid registration period, it is recommended that intended bidders pay the Bidding Deposit and complete the registration procedures 3-5 Banking Days in advance. After successful registration (subject to obtaining a bidding number plate), bidders shall be deemed to have fully known, accepted and complied with the contents of this announcement, bidding rules, special provisions, attachments and relevant agreements.

3.2 This Auction accepts registrations from natural persons within China (excluding Hong Kong, Macao and Taiwan) or legally existing enterprises or organizations within and outside the People’s Republic of China.

The overseas bidders must ensure that they are not subject to sanctions imposed by China, the United Nations, the European Union, the United Kingdom or the United States, and have the ability to make and receive payments in US dollars (during the bidding or after the transaction, bidders must provide relevant explanations or proof materials and complete KYC verification according to reasonable needs).

3.3 The bidders shall submit the following documents for registration (including but not limited to):

(1) Bidders within China (e.g., Chinese citizens, nationals, or enterprises registered in China, excluding Hong Kong, Macau, and Taiwan):

● Scanned copy of the business license (with official seal)

● Scanned copy of the ID card of the legal representative (with official seal)

● Register of Members and scanned copies of ID cards and/or passports of all shareholders

● Scanned copy of the ID and Power of Attorney (if any, with official seal)

● Bank slip or other documentary evidence that the Bidding Deposit has been paid

(2) Overseas bidders:

● Certificate of Incorporation

● Articles of Incorporation

● Certificate of Incumbency or equivalent showing names of all directors and shareholders

● Copy of all Directors’ Passports

● Undertaking for Bidding

● Bank slip or other documentary evidence of bidding deposit

4.Inspection of the Object:

Inspection arrangements will be notified separately and are to be determined. Please contact the Auction Company for details.

Potential bidders may inspect the Vessel within the stipulated inspection time and shall bear all expenses, risks and responsibilities of the inspection personnel during the inspection process. The Seller shall only be responsible for coordination work. Potential bidders who fail to participate in the on-site inspection yet complete the registration procedure within the prescribed inspection time shall be deemed to have fully understood and accepted all conditions of the bidding target vessel, including but not limited to all known and unknown defects related to the vessel’s class, vessel’s certificates, vessel's condition, etc. Potential bidders shall not object to defects, such as the quality, of the auction target for any reason. The successful bidder shall be deemed to have accepted the current condition of the vessel and will not require or request any survey or inspection of the vessel.

5. Bidding Deposit Account:

5.1 RMB Account:

● Beneficiary: 浙江拍船网航运交易股份有限公司

● Account No.: 3420020010120100378739

● Beneficiary Bank: 浙商银行舟山分行

5.2 USD Account:

● Beneficiary: Zhejiang Shipping Exchange Co., Ltd.

● Beneficiary Add: 6th Floor, Zhoushan Bulk Commodity Exchange Center, No.555 Wengshan Rd, Lincheng Zhoushan Zhejiang Province, P.R. China

● Account No.: 3420 0200 1142 0100 0321 30

● SWIFT (Beneficiary Bank): ZJCBCN2N

● Beneficiary Bank: China Zheshang Bank

● Beneficiary Bank Address: No.88, Lv Dao Road, Dinghai Dist., Zhoushan City, Zhejiang Prov., P.R. China

● Remittance Reference:  GUO YUAN 6

6. Contacts:

Ms. Wen: +86 18058087023/ 0580-2038333

Mr. Zhao: +86 18918041856/ 0580-2038333

E-mail: auction@shipbid.net

ZHEJIANG SHIPPING EXCHANGE CO., LTD.

ZHOUSHAN YI GE SHIP AUCTION CO., LTD.

September 11th,2025

This Special provision is a supplement to the Bidding Announcement and Bidding Rules and shall have the same legal effect.

1. Bidding Target:

(All the information and data refer to the Vessel provided in this Announcement, Special Provisions as well as the attachments (if any) are for reference only.)

The Bidding Announcement, this Special Provisions and the relevant vessel information and particulars provided through other channels (collectively referred to as "Vessel Information") are for the bidders' reference only and do not constitute any warranty, representation or guarantee regarding the vessel's class, condition, class status and/or certificates as at the time of delivery. The Vessel, including its class and certificates shall be delivered on an "as was where was" basis at the time of inspection. Any discrepancy between the actual condition and the aforementioned information or data shall not affect this Auction, the final purchase price of the Vessel and other auction-related matters. Upon completion of the Auction, the Auction Company shall not assume any responsibility for any quality, defects, class, certificates or matters related to the Vessel.

2. Completion of Auction:

2.1 After a successful auction, the successful bidder (the "Buyer") shall sign an "Auction Confirmation" and submit it to the Auction Company's email address (auction@shipbid.net) via email on the same day when the Auction is concluded (the "Auction Confirmation Day") and shall submit four (4) originals of the "Auction Confirmation" signed by the Buyer to the Auction Company within two (2) Banking Days of the Auction Confirmation Day (the date shall be determined by the courier waybill number).

2.2 The Sale and Purchase Contract (or MOA) for the Vessel has been amended and published as an annex to the Bidding Announcement, with the same legal effect as the terms of the announcement. The Bidders who applied for the auction shall be deemed to confirm and accept all contents of this Bidding Announcement, special provisions, and the Sale and Purchase Contract (or MOA). The Buyer shall sign the Sale and Purchase Contract (or MOA) (hereinafter referred to as the "Sales Contract") with the Seller within 3 Banking Days after the Auction Confirmation Day (but always no later than 3 Banking Days before the delivery of the Vessel).

If the Buyer is a Chinese bidder (e.g., Chinese citizens, nationals, or enterprises registered in China (excluding Hong Kong, Macao, and Taiwan)), the Seller will sign a Chinese version of the Sale and Purchase Contract with the Buyer; if the Buyer is an enterprise or organization registered overseas, the Seller will sign MOA with the Buyer.

After the auction is concluded, in principle, no modifications of the "Sales Contract" will be allowed, except for supplementing necessary information (such as company names) or others terms mutually agreed between the Buyer and the Seller.

After the "Sales Contract" is signed by both parties, if there is any conflict or ambiguity between the "Sales Contract" and the contents of the announcement, the contents of the signed "Sales Contract" shall prevail.

2.3 It's acknowledged the Transaction Service Account designated by the Auction Company ("Transaction Service Agent") for the Buyer and the Seller to hold and release the funds of the purchase amount without interests in accordance with the "Sales Contract" and the Transaction Service Agreement. On the day of signing the "Sales Contract", the Seller and the Buyer shall jointly execute the Transaction Service Agreement (the "Transaction Service Agreement") with the Transaction Service Agent. All funds shall bear no interest. The Transaction Service Agent shall not charge any additional fees for vessel transaction services related to this Auction.

2.4 If the Buyer is a duly incorporated and existing overseas enterprise or organization, the Seller and the Buyer shall jointly entrust the export agent designated by the Auction Company to handle the export formalities related to the Vessel. The Seller shall be responsible for cooperating in handling the export formalities of the Vessel, and the Buyer shall bear all export agency fees (RMB 100,000) and other export-related expenses (including but not limited to export agency fees, customs declaration fees, etc.). Port disbursements (if any) before delivery shall be borne by the Seller, while port disbursements after delivery shall be borne by the Buyer.

2.5 Payment and Fund Release Requirements:

2.5.1 Deposit for Vessel Purchase:

The bidding deposit paid by the Buyer shall be automatically converted into the purchase deposit (“Deposit”) under the Sale and Purchase Contract (or MOA) after the Sale and Purchase Contract (or MOA) and the Transaction Service Agreement have been fully executed.

2.5.2 Remaining Funds for the Purchase of Vessel:

The Buyer shall remit the remaining purchase price  and other amounts payable (including value-added tax(VAT)、bank charges or other deductions and other amounts payable to the third parties, if any) (collectively the "Balance Funds") to the Transaction Service Account two (2) Banking Days prior to the intended delivery date of the Vessel (subject to the 5-Banking -day delivery notice of the Vessel tendered by the Seller).

The buyer shall pay the remaining bunker charges directly to the oil supply company designated by the Seller (Fujian Zhongneng Electric Power Fuel Co., Ltd.) one day before the delivery of the Vessel.

2.5.3 Payment and refund:

The Transaction Service Agent shall release the Purchase Price and other sums payable (if any) paid by the Buyers to the Seller's nominated account within two (2) Banking Days upon receipt of the original or scanned copies of the Protocol of Delivery and Acceptance (PODA) and the "Fund Release Letter" jointly signed by the Seller and the Buyer in accordance with the "Sales Contract" and the Transaction Service Agreement. No bank charges or any fees payable by the Buyer to the Transaction Service Agent shall be deducted from the purchase price. All bank charges and other expenses related to the receipt and payment of vessel purchase funds shall be borne by the Buyer.

2.6 If the Buyer fails to sign the "Sales Contract" according to the annex as required, the Seller shall be entitled to confiscate all the bidding deposit paid by Buyer; If, after the signing of the "Sales Contract" and the Transaction Service Agreement, the transaction service account is failed to open due to the Buyer's reasons (including but not limited to reasons such as credit issues or sanctions-related problems), the Seller shall have the right to cancel the "Sales Contract" and be entitled to confiscate all the Bidding Deposit and/or Deposit for Vessel Purchase paid by. If the sale price of the Vessel in a re-auction is lower than the price of the Vessel under this Auction, the Buyer shall be liable for the breach and compensate the Seller for the price difference of the Vessel and other losses.

2.7 If the Buyer's breach of contract as mentioned above leads to the cancellation of the transaction, the Auction Company shall have the right to first deduct the bidding service fee payable, and the balance shall be paid to the Seller as liquidated damages within two (2) Banking Days after the Buyer breaching the bidding rules (including not signing the "Auction Confirmation"/"Sales Contract"/"Transaction Service Agreement"/inability to open a Transaction Service Account on time) and the Seller has formally announced the cancellation of the transaction in writing. The Auction Company shall have the right to re-organize the auction activity for the object Vessel against the instructions of the Seller.

3. Transfer (Deletion) and Delivery of the Vessel:

3.1 The Seller (the registered owner) should complete all the deletion procedures relating to the Vessel within ten (10) Banking Days after the PODA signed and the Buyer provides the original documents required by the local maritime authority or other vessel registration authority (if any), and provide the original deletion certificate to the Buyer.

The Earliest Delivery Date:October 20th, 2025;

The Latest Delivery Date: November 20th, 2025, at the Seller’s option. The Seller shall tender the 5-day’s approximate notice with intended delivery time.

If the Delivery indeed has to be postponed due to force majeure factors or emergencies, a new Latest Delivery Date shall be mutually agreed by the Seller and the Buyer through friendly negotiation.

The Seller shall only bear the refund liability to the Buyer under the MOA. After refunding the bidding deposit and/or vessel purchase deposit according to the MOA, the Seller shall not bear any compensation liability to the Buyer.

3.2 Delivery Place: Safe anchorage or berth at ports in China at the Seller’s option. The Seller shall tender the 5-day’s approximate notice with intended delivery place.

3.3 Delivery Condition: Self-collection by the Buyer.

The Vessel shall be delivered and taken over on “as was where was” basis in its state and condition at the time of inspection by the Buyer (except for fair wear and tear).

If the Buyer fails to participate in the on-site inspection within the prescribed inspection time yet complete the registration procedure, the Buyer shall be deemed to have fully understood all conditions of the auction target, and the Vessel shall be delivered on a “as is where is” at the time of delivery.

The Seller shall ensure that the Vessel is in class maintained status at the time of delivery, and the Seller shall undertake to deliver the Vessel with her class maintained without condition/recommendation issued by the flag state/ port authorities affecting the Vessel’s class.

3.4 The delivery time of the Vessel shall be determined by the time stated in the PODA. All costs and custody responsibilities related to the Vessel prior to delivery shall be borne by the Seller; whereas after delivery of the Vessel, all costs and risks related to the Vessel shall be borne by the Buyer, and the custody responsibility of the Vessel shall also be borne by the Buyer.

3.5 This announcement contains 3 attachments (Undertaking for Bidding, Technical Report, and "Sale Contract"). Please download and check the details.

4. Related expenses:

4.1 Bidding service fee: the Buyer shall pay 1% of the purchase price as the bidding service fee to the Auction Company within two (2) Banking Days of the Auction Confirmation Day.

4.2 The Starting Price.and the Final Price quoted herein are exclusive of taxes. Upon completion of this auction, the successful bidder (the "Buyer") shall separately pay value-added tax (3% of the

transaction price). Such taxes and fees shall be paid concurrently with the remaining Final Price payment to the Transaction Service Account. The Seller shall provide a VAT special/ common invoice (at a rate of 3%) for the Final Price, or an equivalent proforma invoice (for the overseas buyer).

4.3 All the taxes and fees arising from the purchase of the vessel and registration in the Buyer's nominated flag state shall be borne by the Buyer; similarly, all handling fees, transaction authentication fees (if any), etc. related to the sale of the vessel and the Seller's deletion registration (if required) shall be borne by the Seller. The transaction attesting fee (if required) shall be borne by the Seller.

4.4 The remaining fuel oil, unopened drums of lubricating oil, hydraulic oil, and unused bulk lubricating oil stored in storage tanks and daily use tanks (collectively "Remaining Bunkers and Oils") is not included in this auction. On delivery, the Buyer shall pay for and take over the remaining bunkers at the following prices:

1)The fuel oil price shall be based on the last actual net price (and barging expenses) as evidenced by invoices or vouchers; or if not available from the Sellers, the Platts Shanghai published on the three (3) Banking Days prior to the delivery date shall be applied.

2) The Buyer shall take over remaining unused lubricating and hydraulic oils and grease in storage tanks and unopened drums and pay:

The last actual net price (barging expenses) as evidenced by invoices or vouchers; or if such invoices or vouchers not available, the marketing price published by the makers on the three (3) Banking Days prior to the delivery date shall be applied.

The actual charges shall be settled according to the actual measured amount one day before the delivery day, with normal daily consumption deducted.

The bunker supply company designated by the seller (Fujian Zhongneng Electric Power Fuel Co., Ltd.) shall provide the buyer with a VAT invoice for the remaining bunker payment within 3 Banking  days after the delivery of the Vessel.

5. Other disclosures:

The items on board which on hire or owned by the third party, are excluded from the sale without compensation: A complete set of Marineset Communication (model: VS80H) and its related accessories.

6. This announcement is described in Chinese and English respectively. In the event of any discrepancies between the Chinese and English versions, the Chinese version shall prevail.

7. Matters not covered herein shall be settled through negotiation by the Auction Company, the Seller and the Buyer. This announcement shall be governed by the laws of the People's Republic of China. Any disputes arising from this announcement, failing negotiation, shall be submitted to China Maritime Arbitration Commission (CMAC) with the arbitration rules currently in force at the time of application for arbitration.

ZHEJIANG SHIPPING EXCHANGE CO., LTD.

ZHOUSHAN YI GE SHIP AUCTION CO., LTD.

September 11th,2025