Sino-Global Shipping America (SINO)

[Atlanta1]

Note 17. SUBSEQUENT EVENTS



On April 20, 2017, the Company signed a Strategic Cooperation Agreement (the SCA "Agreement") with Ningbo Xinyang Shipping Co., Ltd ("COSCO Xinyang"). The SCA Agreement with COSCO Xinyang is a continuation of the Company's ongoing partnership with China Ocean Shipping Company ("COSCO"). Pursuant to the Agreement with COSCO Xinyang, and similar to that of the Company's previously announced inland transportation agreements with COSCO, Sino-Global will receive a percentage of the total amount of each transportation fee in exchange for the arrangement of inland transportation services for COSCO Xinyang's container shipments into U.S. ports. The Company continues to work to expand its business to provide logistics services to customers who ship goods into the U.S.