COSCO SHIPPING International (Singapore) Co., Ltd. (the “Company” and together with its subsidiaries, the “Group”), one of Singapore’s leading logistics management service providers, had on 30 September 2021 announced a proposed disposal of a 60% stake in the Sale Company (the “Proposed Partial Disposal”) for a Consideration of US$42,391,000 (equivalent to approximately S$57.01 million1) to .