HNA Technology Co Ltd A

HNA Technology announced that its wholly-owned sub-subsidiary ASIAN SUCCESS SHIPPING LIMITED has signed a memorandum with buyer WEST LINE SHIPPING CO., LIMITED to sell the AE MARS vessel for $9.05 million. The transaction is part of the company's previously disclosed plan to sell three vessel assets and is expected to have a positive impact on its financial position in 2026.

HNA Technology announced plans to repurchase part of its B-shares through centralized bidding over the next three months, with the buyback amount expected to be between USD 2 million and USD 4 million. The repurchase price will not exceed USD 0.31 per share, and the company expects to buy back between 6.45 million and 12.9 million shares, representing 0.22% to 0.45% of total share capital. The repurchase period will not exceed three months from the date the board approves the plan, and the repurchased shares will be used to safeguard company value and shareholder interests. In the first quarter of 2026, HNA Technology achieved revenue of 482 million yuan and net profit attributable to the parent company of 13.04 million yuan.

HNA Technology announced plans to sell three dry bulk carriers, with the counterparty and price to be determined through market-based methods such as public listing on a property exchange. The vessels to be sold include the 2012-built, 175,600 deadweight ton Capesize BULK JOYANCE, the 2007-built, 74,500 deadweight ton Panamax AE JUPITER, and the 2006-built, 53,600 deadweight ton Supramax AE MARS. As of June 30, 2026, their combined book cost was 43.6 million dollars, and their appraised value as of July 7, 2026, was 49 million dollars. This sale is part of the company's 2026 to 2027 fleet renewal plan, which envisages disposing of one to six older vessels and acquiring one to six Newcastlemax or Supramax vessels under 15 years of age. The company stated that the sale will help improve fleet quality and reduce operating costs. If completed within 2026, it is expected to have a positive impact on the 2026 financial position based on the 49 million dollar estimate.

At the Xiangshui port area in Jiangsu, 10,000-ton grain vessels are docking in an orderly manner, and grain transshipment operations under the sea-river intermodal model have entered a peak period, marking the entry of north-to-south grain transport into a critical window. In 2024, the total volume of grain shipped south via the Liaoning north-to-south grain transport corridor exceeded 74.5 million tons, accounting for roughly 40 percent of the total grain output of the Northeast region. In the first half of 2025, grain transshipment reached 45.27 million tons, a year-on-year increase of 30 percent. The dedicated line model at Xiangshui port area cuts the transport cycle by 50 percent compared with traditional transshipment, reduces comprehensive logistics costs by 20 percent per ton of grain, and has brought the grain loss rate during transport down to 0.8 per mille, while the storage loss rate is kept within 0.9 percent. Xuanqi International Trade, a wholly owned subsidiary of HNA Technology, has been engaged in bulk grain trading since 2023, deploying its own warehouse resources in Yingkou in the Northeast and deeply participating in the north-to-south grain transport supply chain. Industry insiders believe that the deep integration of technologies such as big data and artificial intelligence with grain logistics will drive intelligent optimization of the transport chain, and the promotion of technologies like green grain storage will further reduce circulation losses and carbon emissions.