The Board of Jinhui Shipping and Transportation Limited (the 'Company')announces that a wholly-owned subsidiary of the Company entered into a memorandum of agreement on 28 March 2022 for the acquisition of a Supramax at a purchase price of US$25,500,000.

The announcement is also available on the website of the Company at http://www.jinhuiship.com.
For details, please see attachment on http://www.newsweb.no.