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Thursday, 8 June 2017, 13:17 HKT/SGT

Source: Great Harvest Maeta Group Holdings Limited
Great Harvest Announces Clarification on Press Article

HONG KONG, June 8, 2017 - (ACN Newswire) - Great Harvest Maeta Group Holdings Limited ("Great Harvest", the "Group" ; stock code : 3683.HK) has noticed a press article (the "Article") published on an international shipping website on 7 June 2017 with inaccurate content, hence publishing this clarification.

In the Article, it was reported that the Group has made its debut in the container shipping sector by acquiring two secondhand containerships from a German owner. The Article also mentioned that the Group currently operates a fleet of five bulkers made up of three panamaxes, one post-panamax and one ultramax.

The Group hereby clarifies that, the Group has not acquired any containerships, and has not entered into any agreement or negotiation with any parties for any such acquisitions. As at the date of this announcement, the Group does not have any present plan or intention to engage in the container shipping business.The fleet of the Group comprises of three panamax dry bulk vessels and one post-panamax dry bulk vessel.

The Group will follow the HKEX guidance of listed companies for any update on business and disclose in time. Shareholders and potential investors are advised to refer to the announcements uploaded on HKEX website.

Great Harvest Maeta Group Holdings Limited
The Company is principally engaged in chartering out its own dry bulk vessels, providing quality shipping service to customers worldwide; property investment and development and money lending business as well. For the 6 months ended 30 September 2016, the Company's fleet size is 319,923 dwt, including 3 panamax dry bulk vessels, which are GH FORTUNE, GH POWER, GH GLORY and 1 post-panamax - GH HARMONY, the average age of the Company's fleet is 10 years with the fleet charter-out percentage at approximately 99.3%.

June 8, 2017 13:17 HKT/SGT
Topic: Press release summary
Sectors: Daily News, Marine/Offshore
From the Asia Corporate News Network

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