Shanghai Friend Shipping Co., Ltd. (hereinafter referred to as “Friend Shipping”)

Friend Shipping, established in November 2001, was co-invested by Shanghai Electric Power and China Shipping Development Co., Ltd., with a registered capital as 200 million yuan. Currently, the shareholding ratio of Shanghai Electric Power in Friend Shipping is 50%. Its main business is general freighter transportation in domestic costal area and the middle and lower reaches of Yangtze River area.

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