Antong Holdings to invest in new container fleet

Antong Holdings' board of directors approved an investment of no more than CNY1.21 billion (including tax) for the construction of 20GP (reinforced), 20HQ (reinforced), and 40HQ (standard) containers. This decision, made during the company's 8th Board Meeting in 2025, aims to address the company's capacity planning needs and the replacement of older container assets. The company intends to manage the procurement through a bidding and purchasing process, aligning with market conditions and container demand. Funding will be sourced through a combination of the company's own capital and bank financing. The company believes this investment will improve operational efficiency, service quality, and customer loyalty, driving stable revenue and long-term shareholder value. However, the company advises investors to be aware of potential risks related to shipping market volatility, container supply and demand, and fluctuations in raw material prices, which could impact the project's implementation. The investment is within the board's approval authority and does not require shareholder approval.