HIGHLIGHTS FOR THE THIRD QUARTER OF 2024
- Revenue for the quarter: US$46 million
- EBITDA for the quarter: US$22 million
- Net profit for the quarter: US$8 million
- Basic earnings per share: US$0.070

HIGHLIGHTS FOR THE NINE MONTH ENDED 30 SEPTEMBER 2024
- Revenue for the period: US$115 million
- EBITDA for the period: US$55 million
- Net profit for the period: US$19 million
- Basic earnings per share: US$0.172
- Gearing ratio as at 30 September 2024: 12%

The Board of Jinhui Shipping and Transportation Limited (the 'Company') is
pleased to announce the unaudited condensed consolidated results of the Company
and its subsidiaries (the 'Group') for the quarter and nine months ended 30
September 2024.

The Group reported a revenue for the third quarter of 2024 of US$45,585,000,
representing an increase of 127% as compared to US$20,038,000 for the
corresponding quarter in 2023. The Company recorded a consolidated net profit of
US$7,595,000 for the current quarter as compared to a consolidated net loss of
US$8,079,000 for the corresponding quarter in 2023. The consolidated net loss
for last corresponding quarter in 2023 was attributable to the exposure to
declining freight rates at such unexpected weak dry shipping market and the
impairment loss on assets held for sale of US$1,897,000 recognized upon
reclassification of one Supramax for which the Group entered into a disposal
agreement.

Basic earnings per share for the third quarter was US$0.070 as compared to basic
loss per share of US$0.074 for the same quarter in 2023. The average daily time
charter equivalent rates earned by the Group's fleet increased 74% to US$15,290
for the third quarter of 2024 as compared to US$8,796 for the corresponding
quarter in 2023.

Revenue for the first nine months of 2024 reached US$114,724,000, which is a
significant increase compared to US$57,265,000 during the same period in 2023.
This represents a doubling of revenue year-over-year. The Company recorded a
consolidated net profit of US$18,816,000 for the first nine months of 2024
whereas a consolidated net loss of US$27,340,000 was reported in the first nine
months of 2023. Basic earnings per share for the period was US$0.172 as compared
to basic loss per share of US$0.250 for the first nine months of 2023. The
average daily time charter equivalent rate for the fleet improved 70% to
US$14,446 for the first nine months of 2024 as compared to US$8,520 for the same
period in 2023.

As at 30 September 2024, the Group operated twenty-four owned vessels and nine
chartered-in vessels, with total carrying capacity of approximately 2,152,000
metric tons.

For details, please see attachment on http://www.newsweb.no.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act).