Fujian National Aviation Ocean Shipping Co., Ltd. Issued a Warning Letter Concerning Non-Disclosure of Changes to Fundraising Investment Projects

Whale News, March 23 — Recently, the Fujian Securities Regulatory Bureau issued an administrative regulatory decision letter targeting Fujian Guokang Ocean Transportation (Group) Co., Ltd.

The decision letter states that Fujian Guokang Ocean Transportation (Group) Co., Ltd. has the following issues: In July 2025, the company’s two subsidiaries, Guoyuan Fanjin Co., Ltd. and Guoyuan Xincheng Co., Ltd., each signed a “Shipbuilding Contract Transfer Agreement” and corresponding “Financial Leasing Contract” with a leasing company and Wuhu Shipbuilding Co., Ltd. The contracts involve two ships under the “Dry Bulk Ship Purchase Project” of the fundraising program, each with a deadweight tonnage of 89,000 tons, under construction. According to these agreements, the buyers of the two ships were changed from Guoyuan Fanjin and Guoyuan Xincheng to Xinjing No. 5 (Tianjin) Ship Leasing Co., Ltd. and Xinjing No. 6 (Tianjin) Ship Leasing Co., Ltd., respectively, with other terms also adjusted accordingly. The company did not disclose these matters in the special report on the deposit, management, and actual use of raised funds that was due in August 2025.

These issues violate the relevant provisions of the “Regulations on the Supervision of Fundraising by Listed Companies” and the “Measures for the Administration of Information Disclosure by Listed Companies.” In response, the Fujian Securities Regulatory Bureau has decided to issue a warning letter to Fujian Guokang Ocean Transportation (Group) Co., Ltd. and record the matter in the integrity archive of the securities and futures market.