国泰海通证券发布中远海运能源2025年度持续督导报告：无重大异常，严格合规运营

【要点摘要】
国泰海通证券股份有限公司（以下简称“国泰海通”）作为保荐机构，于2025年10月22日至2025年12月31日对中远海运能源运输股份有限公司（以下简称“中远海能”）进行了持续督导。报告显示，公司运营合规、信息披露真实及时、募集资金管理规范，未发现重大违法违规或异常事项。以下为报告详细内容：

1. 募集资金及发行情况

• 中远海能于2025年10月22日在上海证券交易所向特定对象发行A股694,444,444股，每股发行价11.52元，合计募资约80亿元（实际净额约79.8亿元）。
• 募集资金专项账户管理，已按规定签署募集资金监管协议。
• 保荐机构已多次对募集资金的存放、使用、以及投资项目的进展情况进行了现场检查和核查，未发现违规使用或异常流向。

2. 持续督导工作及公司治理

• 国泰海通已建立完善的持续督导机制，签署了正式保荐协议，并严格履行保荐职责，无协议变更或终止。
• 保荐机构通过日常沟通、定期回访、现场检查等方式持续关注公司运营，2026年2月27日、3月24-25日进行了现场检查。
• 公司董事会、股东会及相关治理制度健全并有效执行，董事及高管严格履行法律法规及承诺义务。
• 公司内控制度（含财务、会计、内审、对外担保、投资等）健全，执行情况良好。

3. 信息披露与合规性

• 保荐机构对公司所有信息披露文件进行事前或事后审阅，包括股东大会、董事会决议、募集资金使用报告等，未发现虚假记载、误导性陈述或重大遗漏。
• 2025年度公司信息披露真实、准确、完整、及时，符合法规要求。
• 公司及控股股东、实际控制人、董事、高管在督导期间内无违法违规行为、违背承诺、或被监管处罚的情况。
• 未出现重大财务造假、违规担保、资金异常流动、关联方资金占用或利益侵占等重大事项。

4. 关联交易与重大事项核查

• 2025年内，保荐机构多次对关联交易、新建船舶、资产收购、闲置募集资金现金管理等事项发表专项核查意见，均未发现异常：
• 收购上海中远海运液化气运输有限公司100%股权
• 全资子公司光租六艘VLCC及相关关联交易
• 新建船舶、与北海船务日常关联交易额度、募集资金置换自筹资金、闲置资金现金管理等
• 上述重大事项全部信息披露及时、内容规范，无未披露或重大遗漏事项。

5. 对投资者的影响及关注事项

• 本报告期内，中远海能运营合规、资金管理严格、信息披露充分，未出现对公司经营或股价造成实质影响的负面事件。
• 公司积极推进募集资金投资项目，有助于增强主营业务实力，提升公司长期价值。
• 未有任何需向中国证监会或交易所报告的重大突发事项。

结论

截至2025年底，中远海能在保荐机构的持续督导下运营规范，未发现任何重大风险或异常事项。公司信息披露及合规管理表现优良，募集资金使用得当，有利于企业健康稳定发展，当前未见对公司估值或股价构成负面冲击的情形。投资者可关注公司后续募集资金投资项目的进展及经营业绩增长情况。

免责声明

本文内容仅为新闻报道，不构成任何投资建议。投资者应以上市公司定期报告、临时公告等官方信息为准，理性判断投资风险。

English Version

Guotai Haitong Securities Issues 2025 Ongoing Supervision Report on COSCO Shipping Energy: No Major Irregularities, Strict Compliance

Key Highlights:
Guotai Haitong Securities (Guotai Haitong), as the sponsor, conducted ongoing supervision of COSCO Shipping Energy Transportation Co., Ltd. (COSCO Shipping Energy) from October 22 to December 31, 2025. The report reveals that the company operated in compliance, disclosed information accurately and on time, and managed raised funds in a regulated manner, with no major violations or irregularities found. Details are as follows:

1. Fundraising and Issuance Details

• COSCO Shipping Energy issued 694,444,444 A-shares to specific investors on October 22, 2025, at RMB 11.52 per share, raising around RMB 8 billion (actual net proceeds about RMB 7.98 billion).
• Funds are under dedicated account management and a regulatory agreement has been properly signed.
• The sponsor has conducted multiple on-site checks and verifications on the storage, usage, and project implementation of raised funds, with no irregularities found.

2. Ongoing Supervision & Corporate Governance

• Guotai Haitong established a sound supervision mechanism, signed a formal sponsorship agreement, and strictly fulfilled its duties, with no changes or terminations to the agreement.
• The sponsor maintained ongoing communication, regular and ad hoc visits, and on-site inspections (notably on February 27 and March 24-25, 2026).
• The company’s board, shareholders’ meetings, and other governance mechanisms are well-established and effectively implemented, with directors and executives strictly fulfilling legal and regulatory obligations.
• Internal controls (finance, accounting, auditing, guarantees, investments, etc.) are comprehensive and well enforced.

3. Information Disclosure & Compliance

• All disclosure documents (board/GM resolutions, fundraising usage reports, etc.) were reviewed and found free of misstatements, misleading information, or significant omissions.
• Disclosures in 2025 were true, accurate, complete, and timely.
• No illegal acts, broken commitments, or regulatory penalties were found among the company, controlling shareholder, or management.
• No major issues such as financial fraud, irregular guarantees, abnormal fund flows, related party fund occupation, or interest encroachment were found.

4. Related Transactions & Major Issue Checks

• In 2025, the sponsor issued multiple special opinions regarding related transactions, new vessel construction, asset acquisitions, and idle fund management, finding no abnormalities:
• Acquisition of 100% equity in Shanghai COSCO Shipping LPG Transportation Co., Ltd.
• Leasing of six VLCCs by a wholly-owned subsidiary and related-party transactions
• New vessel construction, routine related-party transactions with Beihai Shipping, replacement of self-raised funds with raised funds, and idle funds management
• All material matters were disclosed in time and in accordance with regulations, with no omissions.

5. Investor Impact & Points of Attention

• During the reporting period, COSCO Shipping Energy was compliant, with strict fund management and full information disclosure, with no events materially impacting operations or share price negatively.
• The company is actively progressing with fundraising investment projects, potentially strengthening business fundamentals and long-term value.
• No major emergencies requiring China Securities Regulatory Commission or SSE notification occurred.

Conclusion

As of the end of 2025, under the sponsor’s supervision, COSCO Shipping Energy operated in a standardized manner with no major risks or irregularities detected. Disclosure and compliance were excellent, and fundraising was properly utilized, supporting stable growth. Currently, there are no events negatively impacting the company’s valuation or stock price. Investors are advised to monitor progress on fundraising projects and operating performance.

Disclaimer

This article is a news report and does not constitute investment advice. Investors should rely on official disclosures such as periodic and ad hoc reports for investment decisions and evaluate risks rationally.

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