COSCO SHIPPING, Shanghai International Port Group and SAIC Motor signed a capital increase agreement to promote the construction of a global digital supply chain service ecosystem

On December 6, COSCO SHIPPING Holdings Co., Ltd., Shanghai International Port (Group) Co., Ltd., SAIC Motor Corporation, SAIC Motor Equity Investment Co., Ltd., and SAIC Anji Logistics Co., Ltd. signed the Capital Increase Agreement. The agreement clearly states that COSCO SHIPPING Holdings and SIPG will each invest RMB 1 billion (excluding transaction costs) and subscribe to RMB 75 million of the newly added registered capital of Anji Logistics. After the completion of this capital increase, the registered capital of Anji Logistics will increase from RMB 600 million to RMB 750 million. The capital increase will be used to expand Anji Logistics' international business, including investment in ro-ro fleets, and to deepen the extended supporting logistics services of major foreign destinations, forming an international full-chain service system for automobiles going out to sea from door to door. This capital increase is based on the long-term and stable strategic cooperation among COSCO SHIPPING Group, SIPG Group, and SAIC Group, which will help to achieve the deep integration of modern service industry and advanced manufacturing industry, and accelerate the construction of a global digital supply chain service ecosystem.