JIN: SECOND QUARTER AND HALF YEARLY REPORT FOR THE QUARTER AND SIX MONTHS ENDED 30 JUNE 2026

HIGHLIGHTS FOR THE SECOND QUARTER OF 2026
- Revenue for the quarter: US$36 million
- EBITDA for the quarter: US$17 million
- Net profit for the quarter: US$5 million
- Basic earnings per share: US$0.048

HIGHLIGHTS FOR THE FIRST HALF OF 2026
- Revenue for the period: US$69 million
- EBITDA for the period: US$34 million
- Net profit for the period: US$10 million
- Basic earnings per share: US$0.088
- Gearing ratio as at 30 June 2026: 7%

The Board of Jinhui Shipping and Transportation Limited (the 'Company') is
pleased to announce the unaudited condensed consolidated results of the Company
and its subsidiaries (the 'Group') for the quarter and six months ended 30 June
2026.

Recent geopolitical conflict introduced significant operational inefficiencies
into the shipping sector. Dry bulk freight rates rose compared to the same
period of last year, as market conditions tightened due to geopolitical
disruptions, trade inefficiencies, and the Arabian Gulf conflict. The Group's
revenue for the second quarter of 2026 decreased 9% to US$36,460,000 from
US$40,242,000 for the corresponding quarter in 2025. The Group recorded a
consolidated net profit of US$5,269,000 for the current quarter as compared to a
consolidated net loss of US$1,925,000 for the corresponding quarter in 2025.
Basic earnings per share for the second quarter was US$0.048 as compared to
basic loss per share of US$0.018 for the same quarter in 2025.

Revenue for the first half of 2026 decreased 13% to US$69,252,000, compared to
US$79,546,000 for the same period in 2025. The Group recorded a consolidated net
profit of US$9,593,000 for the first half of 2026 whereas a consolidated net
profit of US$15,149,000 was reported in the first half of 2025. Basic earnings
per share for the period was US$0.088 as compared to basic earnings per share of
US$0.139 for the first half of 2025. 

The Group remains committed to its fleet renewal strategy, contributes to
lowering the overall age of our fleet profile, hence strengthening our market
competitiveness and long-term sustainability. During the first half of 2026, the
Group entered into six shipbuilding contracts for the construction of six
Ultramax newbuildings. Overall, our orderbook consists of twelve Ultramax
newbuildings with expected deliveries between 2026 and 2030. The Group also
entered into agreements to dispose of two Supramaxes; one was completed in July,
while the other is expected to close during the third quarter of 2026.

As at 30 June 2026, the Group operated a fleet of twenty-one vessels, of which
eighteen are owned vessels (including the two which have been disposed of and
reclassified under assets held for sale) and three chartered-in vessels, with
total deadweight carrying capacity of approximately 1,682,000 metric tonnes.
Among the owned vessels were two that have been arranged under sale and
leaseback agreements.

For details, please see attachment on http://www.newsweb.no. 

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act).
t of the disclosure requirements acc. to §5-12 vphl\
(Norwegian Securities Trading Act).\