On March 24, 2022, Xingtong Shares, an investee company of Zhongding Capital—a sub-fund backed by the mother fund managed by Yuanhe Chukun—was listed on the Shanghai Stock Exchange under stock code: 603209.

Founded in 1997, Xingtong Corporation primarily engages in the waterborne transportation of domestic coastal bulk liquid hazardous cargoes. After more than two decades of continuous growth and development, it has emerged as a leading enterprise in China’s coastal shipping industry for bulk liquid chemicals, firmly establishing itself as a frontrunner in this specialized market segment.

As of February 2022, Xingtong Shares owned a total of 18 bulk liquid chemical tankers, product oil carriers, and LPG vessels, with an aggregate carrying capacity of 199,000 deadweight tons. Among these, 13 were bulk liquid chemical tankers, accounting for 134,000 deadweight tons of capacity. As of December 31, 2021, the capacity of bulk liquid chemical tankers represented 9.97% of the total capacity in this specialized market segment. In terms of product oil shipping services, Xingtong Shares operated three product oil tankers by the end of 2021, with a combined carrying capacity of 58,700 deadweight tons.

Xingtong Shares operates transportation routes that connect to coastal regions across China, as well as the middle and lower reaches of the Yangtze and Pearl River waterways, creating a robust transport network that serves major domestic chemical industry hubs, including the Bohai Bay area, the Yangtze River Delta, the Pearl River Delta, and the Beibu Gulf region. Currently, Xingtong Shares has established long-term, stable strategic partnerships with leading petrochemical companies such as Sinopec, Fujian United Petrochemical, Zhejiang Petrochemical, CNOOC, CNOOC Shell, Hengli Petrochemical, and Sinopec Aviation Fuel.

In the future, Xingtong Co., Ltd. will leverage its brand strengths, customer advantages, talent pool, management expertise, and cutting-edge technology within its niche market segments. We will continue to delve deeper into port and shipping big data, using data-driven insights to propel the company toward high-quality growth. Our goal is to deliver even more premium, safe, and versatile end-to-end supply chain solutions to our clients. While expanding aggressively in the domestic market, we will also pursue international opportunities, solidifying the Xingtong brand as a leader in the chemical supply chain services sector on the global stage.