Entrusted by the Seller, a synchronous on-site and online public bidding activities will be held in the auction hall of Zhejiang Shipping Exchange Co., Ltd (No. 555, Wengshan Road, Lincheng Street, Dinghai District, Zhoushan City, Zhejiang Province) and Ship-Bid online (www.shipbid.net) from Beijing Time 13:00 to 18:00 on August 07, 2020. The announcement is as follows:

1. Particular:

NINGBO PIONEER；IMO No.: 8801022, PoR: Hong Kong, China, Call Sign: VRCD5, Owner: NINGBO PIONEER SHIPPING COMPANY LIMITED, Type of Vessel: Bulk Carrier, Hull: steel, Built Date: Sep, 1990; Builder/Yard:  HYUNDAI HEAVY INDUSTRIES CO., LTD., ULSAN, S.KOREA; GT/ NT: 37519/ 22604; Register Length: 216.94M; BLD: 32.2M; MoD: 18.3M; DWT: 68788MT; Class: DNV&GL (Data above refers to the Certificates of the vessel)

2. Bidding Rules: it has no reserved price and bids with one or more bidders. The starting price is USD 3.3 million, and the deposit is USD 0.5 million. Bid increase: a multiple of USD 0.01 million

3. Application: Application time: from the announcing time until Beijing Time 17:00 on August 06, 2020 (subject to the time of deposit). After the deadline, no application will be accepted. This bidding accepts the application of natural persons with full civil capacity or legally registered enterprises.

4. Inspection Time: Within Beijing Time 17:00 on August 06, 2020.

5. Deposit Account:

Acct.: ZHEJIANG PROPERTY & STOCK EXCHANGE CO LTD;  

Acct. No.: 8110814012901981330     

Bank: China CITIC Bank, Hangzhou Branch.

SWIFT Code: CIBKCNBJ310

CNAPS: 302331033098

6. PIC:  Mr Zhou 0086-580-2038333;  Ms Ye 0086-580-2027516;

Mr Shen 0086-571-87710242 .

Zhejiang Property & Stock Exchange Co., Ltd

Zhejiang Shipping Exchange Co., Ltd

Zhoushan Yi Ge Ship Auction Co., Ltd

July 10. 2020