FIRST QUARTER REPORT FOR THE QUARTER ENDED 31 MARCH 2026

27 May 2026 06:03 CEST

HIGHLIGHTS FOR THE QUARTER ENDED 31 MARCH 2026
­- Revenue for the quarter: US$33 million
­- EBITDA for the quarter: US$17 million
­- Net profit for the quarter: US$4 million
­- Basic earnings per share: US$0.040
- Gearing ratio as at 31 March 2026: 5%

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 ended 31 March 2026.

The upward movement in the shipping market during the first quarter of 2026 was
primarily driven by a rebound in cargo demand following the Lunar New Year,
increased iron ore and coal shipments supporting Capesize and Panamax segments,
and relatively disciplined fleet supply, which together tightened vessel
availability and lifted freight rates.

Revenue for the first quarter of 2026 was US$32,792,000, reflecting a 17%
decrease from US$39,304,000 in the same quarter in 2025. The Group reported
consolidated operating profit before depreciation and amortization of
US$16,914,000 for the current quarter, down from US$34,949,000, including the
settlement income from non-performance of a charterparty of approximately
US$20.2 million, for the corresponding quarter of last year. The consolidated
net profit for the current quarter was US$4,324,000, compared to US$17,074,000
reported for the same period in 2025. Basic earnings per share for the first
quarter of 2026 was US$0.040, compared to US$0.156 for the same quarter in 2025.

As at 31 March 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).

More information:
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674521_jst26q1-final.pdf