Zhitong Finance App News, COSCO Maritime Holdings (01919) issued an announcement. In order to meet the Group's daily operating, investment and financing needs, the board of directors will recommend granting new authorizations to shareholders at the upcoming annual shareholders' meeting. From the date of the upcoming annual shareholders' meeting to the date of the company's 2024 annual shareholders' meeting, the total amount of guarantees provided by the group to the guarantors in proportion to the shares held in such guarantors will not exceed US$3.776 billion (or other equivalent currency, approximately RMB 26.789 billion).

The Group intends to provide guarantees for COSCO SHIPPING (a wholly-owned subsidiary of the Company) and its ten wholly-owned or non-wholly-owned subsidiaries; 12 wholly-owned and non-wholly-owned subsidiaries of COSCO SHIPPING Ports (the Company's non-wholly-owned subsidiaries) and other newly acquired subsidiaries; two wholly-owned subsidiaries of Orient Overseas International (the Company's non-wholly-owned subsidiaries); and other new project companies of the Company.