On September 21^st 2022, CULINES and Antong Holdings Co., Ltd signed framework agreement on capital investment cooperation at head office of Guangzhou Port Group.

Mr. Yibo Li, president of Guangzhou Port Group, Mr. Jianqiang Lou, president of Antong Holdings Co., Ltd, Mr. Raymond Chen, president and CEO of CULINES, jointly attened and witnessed the signing ceremony. Mr. Chaoyang Guo, Mr. Kevin Ding, executive vice president of CULINES signed the capital investment cooperation framework agreement on behalf of both parties.

[Deepening Capital Market Cooperation]

In 2021, CULINES and Antong Holdings Co., Ltd actively reacted to the call of both domestic and global trade double circulation in China and the supply chain of six stabilities and six guarantees. In order to carry out strategic cooperation, they jointly deployed 12 4250TEU container vessels in Trans-Pacific and European services. It is the further deepen investment cooperation in capital market to expand collaborating areas between two parties after signing the Framework Agreement on Strategic Cooperation on May 31^st this year based on the existing consolidated good relationship. According to the agreement, the two sides will invest in shipping and logistics-related areas synergistically, explore all other capital investment opportunities so that to strengthen the depth and breadth of the cooperation.

[Working together and to meet market challenges]

In the near future, the two parties will comprehensively express their cost saving and professionalism under cooperation framework to resist market fluctuations and challenges. Meanwhile, they will constantly polish and upgrade to make more detailed, small and beautiful products in the big market for customers to create values and bring them ultimate experience. The cooperation will also provide great opportunity for them to superimpose innovation and differences and to establish their own independent product advantages in the upcoming cycle and balance in shipping industry.

In the future, two sides will continue to focus on domestic circulation as the main body, establish domestic and international dual circulation so as to promote new pattern of maritime development interactively. They will also work as a whole to persistently providing better and more efficient services to customers.

https://mp.weixin.qq.com/s/WP65TMPBY38BTB_KNRplMA