Changhang Phoenix Co., Ltd. (000520)

Changhang Phoenix Co., Ltd. (000520)

Changhang Phoenix (Hong Kong) Investment Development Co., Ltd. (hereinafter referred to as "Changhang Hong Kong") is a wholly-owned subsidiary of Changhang Phoenix Co., Ltd. (hereinafter referred to as "Changhang Phoenix"), which was established on June 13, 2007 with a registered capital of US $9.95 million. Business scope: international ocean transportation, ship leasing, agency and trading, cargo agency and trade. At present, four 92500 DWT bulk carriers under construction in Hong Kong are expected to be delivered from September 2009 to March 2010.

Changhang Phoenix Co., Ltd. is the largest inland river dry bulk specialized transportation company in China

China Changhang (Group) Corporation, the former enterprise directly under the central government, is the most powerful enterprise in the whole process of logistics in foreign countries. Headquartered in Wuhan, the "thoroughfare of nine provinces", the company owns and controls 1500 dry bulk transport ships of various types, 2.6 million dwt, 340000 kW main engine power, and 12 holding and joint ventures. The company has set up more than 30 branches in Ningbo, Shanghai, Nanjing, Xuzhou, Wuhu, Chongqing and other metropolises, along the river, along the river, along the main coastal ports and overseas, and has established a cargo collection network and transit distribution service system radiating the Yangtze River Basin and the north and South coasts.

Adhering to the business philosophy of "integrity, high quality and win-win", Changhang Phoenix Co., Ltd. is engaged in dry bulk cargo transportation and undertakes the transportation of iron ore, coal, non-metallic ore, building materials, grain, steel, chemical fertilizer and special large pieces along the river, coastal, canal and ocean. It is in a leading position in river sea direct transportation and river, sea and ocean transportation services, with an annual transportation volume of nearly 80 million tons, of which iron ore, coal, building materials, special large cargo transportation, etc. occupy a high market share.

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