According to CoinMeta, Zhongyuan HaiNeng (01138.HK) announced that its wholly-owned subsidiary, HuanYu Company, previously planned to carry out a long-term leasing and industry-financing cooperation project for the construction of 16 new VLCC vessels. On November 11, 2026, HuanYu Company signed a bareboat lease contract with Dongfang Fuli, a wholly-owned subsidiary of Zhongyuan HaiFa, to lease 16 VLCC vessels. The lease term is calculated from the delivery date as 240 months ± 90 days, with an average fixed daily rent of RMB 116,500 per vessel (excluding taxes). Eight of these vessels adopt a "guaranteed minimum + profit-sharing" rent model, with the total annual profit-sharing rent not exceeding RMB 320 million. This transaction constitutes a related-party deal and has been approved by the board of directors; however, it is still subject to the approval of the shareholders' meeting before it can take effect.