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).