In order to improve the specialization and refinement level of the company's existing ship materials and fuel management work, ensure the stability of ship materials and fuel supply under different market conditions, meet the year-by-year increasing procurement needs of ship materials and fuel, and vigorously develop overseas markets and channels for marine fuel, supplies, and spare parts, the Group established Shanghai Zhihui Materials Co., Ltd. in the Shanghai Free Trade Zone in April 2016, mainly engaged in the sales of ship equipment and accessories, fuel oil, lubricating oil, electromechanical equipment, and import and export trade.