SITC (01308) plans to sell Hoi Fung Subic Shipping Co., Ltd. for approximately 12.16 million US dollars.

SITC (01308) announced that on April 27, 2026, its wholly-owned subsidiary SITC Shipowning entered into a purchase agreement with SITC Container Shipping to sell 100% of the issued share capital of Hai Feng Subic Shipping Co., Ltd. at a price of approximately USD 12.1629 million. The target company is mainly engaged in container vessel ownership business. On the same day, the target company (as lessor) entered into a bareboat charter agreement with SITC Shipowning (as lessee), whereby the target company agreed to lease the vessel to SITC Shipowning for a period of 15 years starting from the date of the bareboat charter agreement. The daily charter fee is USD 2,221.54 (equivalent to approximately HKD 17,328.01), with a total charter fee of approximately USD 12.1629 million to be paid in cash in a lump sum on the date of the bareboat charter agreement.