Tianjin Port subsidiary inks two renovation deals with connected party

Tianjin Port Development Holdings Limited, through its subsidiary Alliance International Co, entered into a renovation agreement on September 25, 2025, with Jinan Heavy Equipment Co for RMB29,444,000 (inclusive of tax). This project involves upgrading four quay cranes, including electronic control, cable coiling, towing, and hydraulic systems, with a contract period extending to June 30, 2027. This agreement aggregates with an existing agreement, bringing the total consideration to RMB43,789,000.

Additionally, Tianjin Port Development Holdings Limited’s subsidiary Euroasia International Co signed a renovation agreement with Jinan Heavy Equipment Co on September 25, 2025, valued at RMB9,670,000 (inclusive of tax). This project focuses on upgrading the control drive systems of two quay cranes and renovating eleven operator cab linkage systems and PLC communication circuits. The contract period for this agreement is until December 31, 2025. This aggregates with an existing agreement, bringing the total to RMB28,846,778.

Jinan Heavy Equipment Co, a subsidiary of Tianjin Port Group Co (the controlling shareholder), makes both transactions connected transactions. As the applicable percentage ratios are between 0.1% and 5% for both aggregate considerations, these transactions are subject to reporting and announcement requirements but are exempt from circular, independent financial advice, and shareholder approval requirements under listing rules.