Tianjin Port subsidiary expands capacity with multiple crane purchases

Tianjin Port Development Holdings Limited's subsidiary, First Company, will acquire one portal crane from Jinan Heavy Equipment Co for RMB15,693,290. This transaction, signed on August 27, 2025, builds on an existing agreement from August 28, 2024. The total for First Company's purchases amounts to RMB31,573,290.

In a separate move on the same date, Yuanhang International Co, another subsidiary, will also acquire five portal cranes from Jinan Heavy Equipment Co, totaling RMB89,881,260. This transaction aggregates with Yuanhang International Co's existing agreement from October 24, 2024, bringing its combined crane acquisitions to RMB161,780,860.

Jinan Heavy Equipment Co is a subsidiary of Tianjin Port Group Co, the controlling shareholder of Tianjin Port Development Holdings, making both transactions connected under Listing Rules. These acquisitions aim to enhance cargo handling capacity and overall operating efficiency for the Group.