<p>Jinhui Holdings Company Limited has announced the cancellation of its previously planned disposal of a vessel by its subsidiary, Jinbi Marine Inc. The agreement with the purchaser, initially valued at US$14.4 million, was terminated on 23 January 2026 due to the inability to fulfill a clause related to timely delivery. As a result, the initial deposit of US$1.44 million will be refunded to the purchaser according to the terms of the agreement. The company stated that the cancellation will not have any material adverse effect on its financial position or operations. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jinhui Holdings Company Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260123-11999344), on January 23, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)</p>

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<p>Jinhui Holdings Company Limited has canceled its vessel disposal agreement with a purchaser, initially valued at US$14.4 million, due to a failure to meet delivery terms. The agreement was terminated on January 23, 2026, and the US$1.44 million deposit will be refunded. The company stated that this cancellation will not materially affect its financial position or operations.</p>

Reuters

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Jinhui Holdings Cancels Vessel Disposal Agreement