SDTR Marine Pte Ltd 2024 Annual Announcement

一、Company Information

1．Chinese Name：新诚航运(SDTR)

2．English Name：SDTR Marine Pte Ltd

3．Legal Representive：Gao Dehui

4．Registered Address：600 North Bridge Road, #16-06/07, Parkview Square, Singapore 188778

5．Company Introduction:SDTR Marine Pte. Ltd. (SDTR) is a joint venture shipping company incorporated in Singapore in 2013.Shandong Shipping Corporation, who is a large state-owned enterprise and one of the largest ship owners and operators in China, is the controlling shareholder of SDTR.

SDTR provides dry bulk transportation with worldwide services.Cargoes carried include grain, coal, iron ore, mineral, bauxite, fertilizer, coke, petcoke and sulphur etc.The company’s main activities are focused on grains, coal and iron ore trades.

二、Company Management Structure

The Board of Directors consist of 6 Directors. In accordance with Singapore’s Company Act, SDTR’s Articles of Association,laws and regulations, they conscientiously perform their obligations and exercise their powers, strictly review various proposals of the Board and fully express their opinion on major matters in steering the SDTR in the right strategic direction.

三、Annual Major Events

a) Annual General Meeting on:

● Issuance of dividend to shareholders

● Acceptance of Audited Financial Statements for FY2023

● Re-appointment of Ernst & Young LLP as auditors of SDTR Marine Pte Ltd

Board of Directors Meeting on:

● Opening of Carbon Credits and Allowances Trading account

● Declaration and Payment of Interim Dividend

● First resignation and change of SDTR’s Corporate Secretary

● Second resignation and change of SDTR’s Corporate Secretary

b) Major Manpower Movement

● None

四、Impact of Major Events on SDTR

No impact

五、Departmental Public Disclosure and Rectification of Major Concern from:

a)Inspection and supervision review by Superiors

- None.

b)Development from major emergencies and emergencies responses

- None.

六、Results of Major Restructuring and Reorganization of SDTR

None done for the year 2024.

七、Declaration on Transfer of Corporate Property Rights and Capital Injection through the Capital Market

None.

八、Corporate Social Responsibility

SDTR recognize that social responsibility plays an important role in our strategic development. SDTR realizes the power and strength of economic benefits, social benefits and a sustainable ecological environment combining as one.

SDTR adheres to operating in accordance with the law, abides by social ethics, business ethics and industry rules; and always insists on winning with integrity, service and quality. SDTR has a strict policy against commercial corruption and oppose any unfair competition.

As of 31st December 2024, SDTR has 15 full-time employees. SDTR strictly abides by all of Singapore’s labour laws and regulation, all employees are paid according to their qualifications, job responsibilities and work performance as per Singapore’s Fair Employment Act. All benefits and required statutory benefits are provided to all staff as per stipulated by the Employment Act, such as paid leave, sick leave, child care leave, compassion leave, maternity leave, insurance, medical insurance and Central Provident Fund.

九、Company’s Milestones and Achievements

● On 16 January 2024, SDTR Marine and DNV entered a Joint Development Project (JDP) to conduct a Carbon Capture and Storage (CCS) feasibility study for our 85,000 DWT Kamsarmax bulk carrier.

● On 16 April 2024, SDTR Marine forged a Memorandum of Understanding (MOU) with CCS, igniting a partnership dedicated to fostering collaboration in the development of comprehensive solutions on greenhouse gas (GHG) emission reduction in the maritime industry.

● On 3 September 2024, as part of our Corporate Social Responsibiliy Day this year, SDTR’s employees and their families joined forces with Waterway Watch Society for a Pedal Boat Clean-Up, clearing litter in Marina rivers to help conserve Singapore’s precious water resources.

● SDTR sponsored carbon credits to Singapore Shipping Association 39th Annual Gala Dinner,  making it a carbon neutral event.

十、Other disclosure to be disclosed in accordance to the regulation and law

None.