#1CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Stock Code: 2612 TT Investor Presentation by Ban-Jen Tarng Vice President, Shipping Division 30th June 2021 COCL OCCL#2Summary of Presentation ➤ Capesize Market Outlook ➤ Dry Bulk Shipping Market Trends ➤ The Company Overview ➤ Appendices RCIT 中国航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 1#3Outlook CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. CIPA CON TS LINES CMA COM TLUME#4Capesize Market Outlook Freight Rates Rose Further in Q2 2021 ➤ 5TC average reached highest level of the year at US$ 44,817 and spot rate averaged US$ 30,965 in Q2 despite correction in May ➤ Iron ore price reached 10-year high to average US$ 183/ton in 1H 2021 PRC' s Strong Demand for Iron Ore ➤ PRC import volume between January and May increased by 5.5% y-o-y ➤ Major port stockpile remains at relatively low levels therefore further demand growth is expected Net Fleet Growth Will be Subdued From 2021 > 43 new ships joined the fleet so far in 2021, while demolition is set to continue this year ➤ Capesize fleet' s net DWT growth is 1.82% between January and May 2021 Short-term Outlook ➤ So far in 2021, steel demand has increased that steel mills are enjoying record revenue and profits which lead to stronger demand for iron ore > Spot rates and forward curves have been improving amid healthier supply/demand balance which will likely have positive impact on period rates CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. 中華榮 葉 CHINA PRIDE Jun/2021 Investor Presentation 3#5• ● • Newbuilding Program To expand its fleet size, CMT has contracted with Qingdao Beihai Shipbuilding to construct two 210k DWT Newcastlemaxes for delivery in 2023; each ship' s contract price is US$ 58.5 million. As part of the global maritime community's efforts to protect the environment, we have upgraded ships' specifications including shaft generators, LNG dual fuel-ready, AMP-ready and other energy saving devices. Two eco-energy saving ships will meet the IMO EEDI Phase III requirement and relevant emission standards During construction, the company will enhance ships' fuel efficiency, smart ship technology and cyber security to improve fleet' s competitive advantage CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 4#6华先華中 CHINA PIONEER Focal Points of 2H 2021 RCIT 中国航運股份有限公司 Chinese Maritime Transport Ltd. 1 2 3 4 Global Economy to Recover This Year Global economy is expected to grow by 6% this year as Covid-19 vaccine develops rapidly and PRC economy continues to improve going forward Tension Between PRC and Australia PRC' s boycott of Australian coal continues and market is paying close attention to improvement of bilateral relationships, while looking for signs of PRC to continue importing more coal from other exporting countries such as Indonesia and long haul destinations PRC's Actions to Curb Inflation The government vows to restrict sharp rises in steel and iron ore prices to prevent negative impact on the economy therefore the market is following up closely of any further actions Performance of Sub-cape Bulkers Sub-cape bulkers have performed well in Q2 due to stronger grain export volumes from South America. Market is anticipating yet another spill-over effect to take place in all bulker segments Jun/2021 Investor Presentation 5#7• • PRC Key Economy Indicators PRC's gross domestic product in Q1 grew by 18.3% y-o-y, while full year guidance is around 8.4% PRC' s crude steel production between January and May reached 473 million tons, up by 13.9% y-o-y; the country exported 30 million tons between January and May, up by 24.0% y-o-y PRC' s (CSPI) soared by 40.4% in mid-May to 174.81 points, reflecting stronger than expected demand both domestically and abroad The country imported 472 million tons of iron ore between January and May, up by about 6% y-o-y, while coal imports reached 111 million tons, down by about 25% y-o-y CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 6#8Shipping Market Outlook - Demand Iron Ore Coal Clarksons Platou forecasts Chinese iron ore imports to remain the same level in 2021 while Brazilian export volume is expected to raise by 10% and Australian export volume increases by 2%; global iron ore demand is projected to grow by 3% in 2021 CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Clarksons Platou forecasts Chinese coal imports to drop by 5% in 2021 while Australian export volume is expected to increase by 2% and Indonesian export volume raise by 7%; global coal demand is projected to grow by 5% in 2021 Jun/2021 Investor Presentation 7#9Shipping Market Outlook - Supply Newbuildings Ship Scrapping According to IHS Markit, 103 newbuildings (100-400k DWT) are projected to be delivered in 2021 while fleet net growth is estimated at 3.5% for this year; 46 large bulkers (100-400k dwt) are expected to be delivered in 2022 Demolition quantity of large bulkers (100-400k DWT) reached 56 in 2020 while more vintage bulkers are to be recycled this year- 30 to 40 units are expected to be scrapped in 2021 CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 80#10Dry Bulk Shipping Market Trends CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. CIPA CON TS LINES CMA COM TLUME#113500 3000 2500 10/Feb/2021 BDI: 1,303 2000 1500 1000 500 BDI 2019- Q2/2021 Baltic Exchange Dry Index 17/Jun/2021 BDI: 3,267 14/May/2020 BDI: 393 6/Oct/2020 BDI: 2,097 BDI Avg. Year 2019 1,353 Year 2020 1,066 Jan-Jun 2021 2,221 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019 BDI 2020 BDI 2021 BDI Source: Clarksons Platou CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 10 10#125000 4000 3000 5/May/2021 BCI: 5,404 BCI 2019- Q2/2021 Baltic Exchange Capesize Index 3/Jul/2020 BCI: 4,440 9/Mar/2020 BCI: -372 12/Feb/2021 BCI:1,242 2000 1000 0 5TC Avg. BCI Avg. Year 2019 18,025 2,261 Year 2020 13,070 1,450 Jan-Jun 2021 23,700 2,858 -1000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019 BCI 2020 BCI 2021 BCI Source: Clarksons Platou CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 11#1350,000 45,000 2019-2021 BCI/BPI/BSI/BHSI Indices 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Jan-19 Apr-19 Spot TCE (US$) Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Kamsarmax 5TC (82K) Supra/Ultramax 10TC (58K) - Handysize 6TC (28K) Capesize 5TC (180K) Source: Clarksons Platou CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 12#14☐ ☐ Global Economy Recovers from 2020 IMF projects global GDP to grow by 6.0% in 2021 Clarksons Platou forecasts dry bulk seaborne trade to increase by 3.7% in 2021 14 12.5 12 10 8 6.3 5.8 5.8 5.6 LO 6 5.4 6 4.3 3.5 3.5 3.84 3.5 3.4 3.3 3.5 3.7 2.7 2.8 -2 -4 4 2 0 + 1.4 0.2 0.4 -1.5 -3.3 -6 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 (f) ■Global GDP Growth (%) ■Dry Bulk Trade Growth (%) Source: IMF & Clarksons Platou CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 13#15Dry Bulk Seaborne Trade Expects to Grow by 3.7% Million Tons YOY Cape Focus Iron Ore 1,552 3.3% Coal 1,221 4.7% Bauxite 150 3.4% Capesize focus cargoes total 2,923 3.9% Grain 524 2.3% Forest Products 385 5.5% Steel Products 366 3.4% Fertilizer 188 1.6% Agribulks 169 0.0% Cement 148 Scrap 96 4.2% 16.7% Petroleum Coke 72 1.4% Sugar 63 -6.0% Salt 55 Nickel Ore 52 Manganese Ore 47 Others 268 5.8% 6.1% 2.2% 6.8% 3.7% Source: Clarksons Platou 2021(E) Total Dry Bulk 5,356 RCMT 中国航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 14#16Dry Bulk Seaborne Trade vs. Fleet Growth Dry bulk seaborne trade vs fleet growth estimates Year-on-year growth 6.0% 5.0% 3.9% 4.0% 3.0% 2.0% 1.0% 5.0% 2022-23 CAGR 0.6% p.a 2022-23 CAGR 2.5% p.a 2.9% 2.9% 2.0% 1.4% 0.0% -1.0% -0.3% -1.0% -2.0% 2020 2021f 2022f 2023f 2020 2021f 2022f 2023f Fleet Trade Source: Arrow CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 15#17Commodity Shares Based Vessel Types Handysize Supramax Panamax Capesize % of Dry Bulk Cargoes Coal 10% 24% 51% 19% 27% Iron Ore 2% 7% 8% 76% 33% Agricultural goods 25% 16% 27% 0% 14% Alumina / Bauxite 4% 4% 6% 4% 5% Steel Products 16% 7% 0% 0% 4% Fertilizers 12% 8% 1% 0% 4% Minor Bulks Minerals 7% 6% 1% 0% 3% 26% Iron Ore Minor Ores 5% 8% 1% 0% 3% 33% Semi-Processed 5% 5% 0% 0% 2% Biomass 3% 6% 1% 0% 2% Grain 14% Construction 5% 5% 2% 0% 3% Wood Products 5% 0% 0% 0% 1% Coal Other 1% 1% 0% 0% 0% 27% Other Ferrous 1% 1% 0% 0% 1% Source: Maersk Broker CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 16#18Global Iron Ore/Coal Exports Clarksons Platou forecasts global iron ore exports to increase by 3% while coal exports to increase by 5% in 2021 Iron Ore Coal Million Tons Million Tons 1552 1600 1476 -1-503- 1600 1456 1400 1400 1263 1287 1222 1200 1165 1200 1000 835 836 867 881 1000 800 800 600 600 387 348 373 422 340 380 457 383 400 400 362404 431 368 200 200 0 0 m 2018 2019 2020 2021 (f) 2018 2019 Brazil Australia ■Total Australia 2020 Indonesia 2021(f) Total Source: Clarksons Platou CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 17#19Vale' s Iron Ore Production Outlook Iron ore capacity (Mtpy) 450 400 350 327 318 Investor Tour 2020 Today End of 2021 End of Future 2022 Source: Vale Production guidance 2021 315-335 Mt CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Recent achievements Northern System Southeastern System Southern System January 2021 February 2021 March 2021 • Vargem Grande pellet plant: resumption of operations, adding 7 Mtpy of pellet capacity • Vargem Grande: approval received to start VGR's conveyor belt tests ⚫Fábrica: approval received to start tests at beneficiation plant facilities • Serra Norte: Board approval of N3 mining front development (start-up in 2022) • Itabira: removal of Itabiruçu dam emergency level ⚫Timbopeba: Plant's adaptation for tailings disposal at Timbopeba pit, adding 7 Mtpy capacity • Vargem Grande: start-up of tailings filtration plant Jun/2021 Investor Presentation 18#20240 220 200 180 160 140 120 100 80 60 Iron Ore Price Set a Record High February 2011 US$ 193.00/MT 40 20 --62% FE-CFR China, US$/MT- December 2015 US$ 37.00/MT May 2021 US$ 233.10/MT 0 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Source: SSY CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. February 2020 US$ 79.80/MT Jan-20 Jan-21 Jun/2021 Investor Presentation 19#2162% FE CFR China, US$/mt 250 200 50 150 100 50 0 1-Jan-2021 Source: SSY & MarcoMicro PRC Crude Steel Price Trend 7500 6700 5900 5100 4300 3500 1-Feb-2021 1-Mar-2021 1-Apr-2021 1-May-2021 1-Jun-2021 62% FE CFR China, US$/mt Hot Roll Steel Plate (SPHC), RMB/mt CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Hot Roll Steel Plate (SPHC), RMB/mt Jun/2021 Investor Presentation 20 20#22Production (Mt) 200 150 100 50 Global Steel Production Recovers PRC' s y-o-y growth rate in 2020 is 6.9%; Full year y-o-y projection for 2021 is 3.0% Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Source: World Steel Association Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 April-21 May-21 World ROW China World (%) ROW (%) RCIT 中国航運股份有限公司 Chinese Maritime Transport Ltd. China (%) -40 Jun/2021 Investor Presentation 40 40 80 120 Growth (% y-on-y) 21 21#23PRC Commodity Imports PRC's demand for iron ore is estimated to remain 1.14 billion tons in 2021 PRC's demand for coal imports is projected to decrease by 5% in 2021 to 230 million tons PRC's demand for bauxite imports will grow by 8% in 2021 to 130 million tons Iron Ore Coal Million Tons Million Tons 1400 78% 300 25% 1200 76% 250 20% 1000 74% 200 800 72% 15% 150 600 70% 10% 100 400 68% 5% 200 66% 50 0 64% 0 0% 2014 2015 2016 2017 2018 2019 2020 2021(f) 2014 2015 2016 2017 2018 2019 2020 2021(f) Chinese Iron Ore Import % of global imports Chinese Coal Import % of global imports Source: Clarksons Platou CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 22 22#24PRC Iron Ore Imports Million Tons 120 110 PRC Iron Ore Monthly Imports 100 90 80 70 60 50 40 30 20 10 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2020 2021 Source: Thurlestone Research CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 23 23#25Million Tons 165 152 139 126 113 100 Iron Ore Stockpiles at PRC Ports m Jan 18 Mar 18 May 18 Jul 18 Sep 18 Nov 18 Jan 19 Mar 19 May 19 Jul 19 Sep 19 Nov 19 Jan 20 Mar 20 Source: Drewry Maritime Research CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. May 20 Jul 20 Sep 20 Nov 20 Jan 21 Mar 21 May 21 -Inventory -Average 2018 -Average 2019 Average 2020 Jun/2021 Investor Presentation 24 24#26Million Tons 350 300 250 200 150 100 50 PRC Coal Imports 0 Australia Indonesia Russia Mongolia Philippines All origins Source: PRC Customs RCIT 中国航運股份有限公司 Chinese Maritime Transport Ltd. ■2019 2020 ■Jan-Apr/2021 Jun/2021 Investor Presentation 25#27Bulker Newbuilding Orders are Shrinking No. Capesize Orderbook 140 120 100 80 620 60 40 Dry Bulk New Ship Ordering % of Fleet (DWT) 100% -91% 81% 80% 62% 60% 37% 40% 20% 20 0% 0 Delivered in Remaining May 2021 2021 2021 2022 2023 21% 24% 17% 18% 15% 16% -13% -13%- 7% 6% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Apr 2021 Capesize Ordering (100,000 + dwt) Total Bulk Fleet Ordering ORDERBOOK AS % OF EXISTING FLEET JAN-APR 2021 AVERAGE AGE OVER 20 YEARS OLD SCRAPPING AS % OF EXISTING FLEET Handysize 3% 12.1 13% 0.37% (10,000 40,000 dwt) Handymax (incl. Supramax & Ultramax) 6% 10.2 7% 0.18% (40,000 - 65,000 dwt) Panamax (incl, Kamsarmax) 6% 10.4 10% 0.17% (65,000 100,000 dwt) Capesize 6% 8.7 1% 0.76% (100,000+ dwt) Total Dry Bulk > 10,000 dwt 6% 10.6 6% 0.43% Source: Clarksons Platou RCIT 中国航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 26#28Million DWT 25 20 21 Capesize Fleet Growth Decelerates Capesize Supply Development 25.00 3.71% 6.00% 4.00% 15 10 5 0 -5 9.19 2.00% 1.82% 0.00% 2.62 -2.00% -10 11.60 -15 -4.00% -20 -25 -6.00% 2016 2017 2018 2019 2020 Jan-May 2021 Scrapping New Deliveries Net Fleet Growth Source: Clarksons Platou CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 27 27#29Newbuilding/2nd Hand Sale Prices TYPE PRICE (IN US$ MILLION) YEAR 2019 2020 JUNE 2021 208,000 DWT NB 54.5 52.0 -5% 63.0 +21% 180,000 DWT NB 49.5 46.5 -6% 57.5 +24% 180,000 DWT (ECO) 5-YR 37.5 35.5 -5% 43.0 +21% 180,000 DWT 10-YR 22.0 19.5 -11% 30.0 +54% 176,000 DWT 15-YR 13.5 12.8 -5% 19.0 +48% Source: Clarksons Platou & Internal Assessment CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 28#30The Company Overview CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. CIPA CON TS LINES CMA COM TLUME#31SHIPPING TRUCKING CHINA FORTUNE Company Profile COC. AIR TERMINALS & 48 2-46 TOURISM ARABIAN CARGO U Shipping: CMT owns and manages a fleet of 10 capesize bulkers to offer dedicated services to customers for transportation of dry bulk commodities around the globe Trucking Associated Transport Inc. is one of Taiwan' s largest intermodal container trucking operators that provides container drayage and related services island-wide Terminals: CMT Logistics Co., Ltd. operates two containers terminals in northern Taiwan with great access the country' s major ports to offer import/export express services to customers Air & Tourism : CMT Air Cargo Department is the General Sales Agent (GSA) of Saudi Arabian Airlines in Taiwan CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 30#32CMT Capesize Fleet China Peace 中華和平輪 174,413 DWT China Progress China Pride China Triumph China Prosperity China Pioneer 中華富進輪 174,322 DWT 中華榮耀輪 177,856 DWT 中華光輝輪 203,028 DWT 中華鴻運輪 203,028 DWT 中華先鋒輪 206,079 DWT 2005 2006 2009 2011 2012 2012 2023 2023 2017 2017 2016 2013 CSIC CSIC 青岛北海船舶重工有限责任公司 青岛北海船舶重工有限责任公司 QINGDAO BEIHAI SHIPBUILDING HEAVY INDUSTRY CO.LTD QINGDAO BEIHAI SHIPBUILDING HEAVY INDUSTRY CO.LTD China Honour Newbuilding Newbuilding China Enterprise 中華名望輪 210,000 DWT 210,000 DWT 179,562 DWT 中華偉業輪 207,986 DWT RCIT 中国航運股份有限公司 Chinese Maritime Transport Ltd. China Harmony China Fortune 中華和諧輪 中華偉運輪 179,505 DWT 206,061 DWT Jun/2021 Investor Presentation 31#33Entities Revenue Ratio for Q1/2021 51% Trucking and Terminals RCIT 中国航運股份有限公司 Chinese Maritime Transport Ltd. 48% Shipping Agency and Travel 1% Jun/2021 Investor Presentation 32#342016-2021 Financial Highlights Year 2016 2017 Expressed in millions of New Taiwan Dollars 2018 2019 2020 2021 1Q 3,820 3,763 3,131 792 Revenue 3,295 3,218 Net Profit/(Loss) 48 98 514 324 329 221 0.21 0.50 2.60 1.64 1.67 1.12 EPS Cash and cash 3,686 2,940 3,345 3,288 3,742 3,028 equivalents Total liabilities 11,148 10,652 10,237 10,022 9,734 8,424 Total equity 10,323 9,427 10,187 9,934 9,750 10,035 ROE % 0.5% 1.0% 5.2% 3.2% 3.3% 8.9% ROA % 0.9% 1.3% 3.5% 2.5% 2.3% 5.2% Liability % 52% 53% 50% 50% 50% 46% CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 33#35Dividends Distribution Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Cash dividends/ Capital 2.00 1.00 1.50 1.30 2.50 Reduction (NT$) 0.50 0.50 1.60 0.80 1.60 EPS (NT$) 3.92 2.23 1.55 1.30 1.30 0.21 0.50 2.60 1.64 1.67 3.50 250% 3.00 2.50 2.00 2.00 97% 100% 1.50 45% 1.00 1.50 51% 1.30 1.00 0.50 238% 192% 2.3 200% 100% 150% 96% 1.60 100% 49% 1.60 62% 0.80 50% 0.50 0.50 0.00 T 0.20 0% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Cash Dividend Capital Reduction Dividend Payout Ratio *Cash dividend NT$ 0.20 plus capital reduction NT$2.30 = NT$2.50 RCMT 中国航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 34 ==#36Assets Current assets Appendix 1: Condensed Balance Sheet Property, plant and equipment Intangible assets Other non current assets Total assets Expressed in millions of New Taiwan Dollars Mar 31, 2021 Dec 31, 2020 Mar 31, 2020 4,573 5,078 3,973 12,065 12,101 13,411 10 10 11 1,811 2,295 2,356 18,459 19,484 19,751 Liabilities and Equity Current liabilities Non Current liabilities Total liabilities 2,354 3,505 5,416 6,070 6,229 4,399 8,424 9,734 9,815 Equity attributable to owners of parent Common stock 1,975 1,975 1,975 Capital surplus 53 53 53 Retained earnings 8,817 8,606 8,444 Other equity interest (810) (884) (536) Total equity 10,035 9,750 9,936 Total liabilities and equity 18,459 19,484 19,751 CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 35#37Appendix 2: Condensed Statement of Comprehensive Income Expressed in thousands of New Taiwan Dollars 2021 1Q 2020 2020 1Q Operating Revenues Operating costs Gross profit 792,821 3,131,115 812,411 656,789 2,583,263 666,097 136,032 547,852 146,314 Operating expenses 98,234 376,341 92,600 Net operating income 37,798 171,511 53,714 Non operating income and expenses 187,671 180,548 (43,006) Profit before tax 225,469 352,059 10,708 Less: tax expenses 4,784 23,020 8,016 Profit (attributable to owners of parent) 220,685 329,039 2,692 Other comprehensive income, net 64,309 (355,480) (658) Comprehensive income (attributable to owners of parent) 284,994 (26,441) 2,034 Earnings per share 1.12 1.67 0.01 RCIT 中国航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 36#38Tranche Amount (NT$ 100M) Tenor Appendix 3: Corporate Bonds Issuance 2017 2020-1 2020-2 8 15 10 5 Years 5 Years 5 Years Due Date 10-Apr-2022* 28-Aug-2025 28-Aug-2025 Interest Rate 1.13% 0.64% 0.66% Interest Payment Annually Annually Guarantee Bank Shanghai Commercial Bank Mega Bank * Amount of NTD 400 million was repaid in APR 2020 CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Annually Shanghai Commercial Bank Jun/2021 Investor Presentation 37#39Disclaimer The information and opinions in this report were prepared by CMT. Though the information herein is believed to be reliable and has been obtained from market sources believed to be reliable, CMT makes no representation as to its accuracy or completeness. The material and the information contained herein are provided for general information purposes, and may not be reproduced without the written permission of CMT. CMT shall not be liable to the recipient or any third party for any loss, liability or damage, cost or expense including without limitation, direct, indirect, consequential loss or damage, any loss of profit, loss of use, loss of or interruption in business, loss of goodwill, loss of data arising out of, or in connection with, the use of and the reliance on the information whether in contract, tort, negligence, bailment, breach of statutory duty or otherwise, even if foreseeable. This disclaimer shall be governed by and construed in accordance with Laws of Taiwan, R.O.C. We undertake no obligation to publicly update or revise any forward looking statement contained in this presentation, whether as a result of new information, future events or otherwise, except as required by law. In light of the risks, uncertainties and assumptions, the forward looking events discussed in this presentation might not occur, and our actual results could differ materially from those anticipated in these forward-looking statements. Contact Information Web Site: www.cmt.tw Head Office: 15 Jinan Road Sect 1 Taipei Taiwan R.O.C. Tel:+886(0)2 2396 3282 Fax:+886(0)2 2391 6165 Investor Relations: Spokesperson: BJ Tarng, Vice President Tel: +886(0)2 2397 6670 Fax: +886(0)2 2356 8085 Email: [email protected] CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Jun/2021 Investor Presentation 38#40APT CHT Thank You! CMT