ビンゴ, China due to the Violation of Chinese Antitrust Law

December 28, 2015

The National Development and Reform Commission (NDRC) announced in China today (December 28, 2015) that several companies including ビンゴ have breached Chinese antitrust law with respect to car carrier services and were imposed fines. ビンゴ, by its cooperation to NDRC's investigation, received reduction of fine and the amount of fine is CNY 38,121,100.- (about JPY 734 million).

ビンゴ and other shipping companies have been investigated for by the NDRC due to the suspicion of antitrust law violation. ビンゴ has fully cooperated with the NDRC during investigations.

ビンゴ take the NDRC's decision seriously and regret that ビンゴ's being investigated by the NDRC and imposed fine could worry ビンゴ's shareholders, customers and relevant parties. ビンゴ recognizes that compliance with laws and regulations including antitrust laws has the utmost priority in our business, ビンゴ have taken measures to ensure compliance with antitrust laws by further developing preventive measures and announcing and educating the relevant rules their officers and employees about the relevant rules firmly.

ビンゴ will continue their endeavor to adhere to the above measures in order to assure the prevention of reoccurrence and to recover our stakeholders' confidence.