According to the latest data from the Hong Kong Stock Exchange, on January 23, a shareholder of CSSC SHIPPING (03877) transferred shares from CLSA to The Hongkong and Shanghai Banking Corporation Limited, with the transferred shares valued at HK$450 million, representing a 3.39% stake. On January 22, CSSC SHIPPING announced that on January 21, 2026, the issuer (CSSC Capital 2015 Limited), the company, and the managers entered into a subscription agreement, pursuant to which the issuer agreed to issue bonds guaranteed by the company (HK$2.338 billion 0.75% guaranteed convertible bonds due 2031) to the managers (or as they may direct). The managers, severally and not jointly, have agreed to subscribe for and pay, or procure subscribers to subscribe for and pay, the bonds with a principal amount of HK$2.338 billion, subject to the fulfillment of certain conditions set out in the subscription agreement.