[Shenghang Co., Ltd.: Plans to invest 995 million yuan to build six chemical/product oil tankers] On August 31, Shenghang Co., Ltd. (001205.SZ) announced that the company plans to sign a contract with China Merchants Shipbuilding Industry Group Nanjing Shipyard to invest in the construction of six 13,500-dwt stainless steel chemical/product oil tankers. The cost of each ship is 166 million yuan, and the total price is 995 million yuan (including tax). This investment aims to optimize the fleet capacity structure, promote the upgrading of ships to younger and higher-end vessels, and enhance the company's competitiveness in the field of high-end chemical transportation. The cargo hold of the new ship is made of duplex stainless steel and can carry up to 14 types of cargo at the same time. The company will implement it with its own and self-raised funds and will not have a significant adverse impact on its financial position.