PROPOSED CHANGE OF AUDITOR

The board of directors of Jinhui Shipping and

Transportation Limited (the 'Company') has resolved

to convene a Special General Meeting on Thursday,

13 January 2011 at 9:30 a.m. ('SGM') to propose to

shareholders of the Company that Grant Thornton

Jingdu Tianhua be appointed by an ordinary resolution

as auditor of the Company to fill the casual vacancy

occasioned by the resignation of JBPB & Co. (formerly

known as Grant Thornton in Hong Kong), and to hold

office until the conclusion of the next annual

general meeting of the Company, and that to authorize

the Board to fix the remuneration of the auditor of

the Company. The proposed change of auditor shall

come into effect upon the passing of such ordinary

resolution by the shareholders of the Company at the

SGM.

The notice of the SGM containing instructions to vote

will be dispatched to the shareholders of the Company

together with the proxy forms as soon as possible.

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).

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