At noon ofSeptember 30th, 1800TEU container ship "A GORYU" built by YangziChangbo of our Group for TRANSFAR departed from the shipyard and started its maidenvoyage. A grand christening ceremony was held by both parties on September27th.

Mr. Zhao Jian,General Manager of Cai Niao International Supply Chain, Ms. Zhao Yingxue, HRDirector of Cai Niao International Supply Chain as well as godmother, Mr. LiXiaobin, Chief Operating Officer of TRANSFAR SHIPPING PTE. LTD., Mr. Lin Li,Vice President of ABS Classification Society China District, Mr. Liu Kelin,General Manager of Gainway Shipbroking Limited, Mr. Zhang Tao, Deputy General Managerof our Group, Mr. Ji Hongfei, Assistant General Manager of our Group, Mr. GengHongwei, General Manager of Yangtze Changbo Shipbuilding Co., Ltd. and other distinguishedguests attended the christening ceremony. Ms. Zhao Yingxue named the new ship"A GORYU" and cut the cable and threw champagne.

"A GORYU" is the first container ship built and delivered to TRANSFAR. After delivery,the new ship will be put into the American market, helping TRANSFAR to growrapidly in the market and support Alibaba's expansion plan in internationalbusiness.