Rizhao Port increases stake in Jurong Co. to over 53%

Rizhao Port Jurong Co. Ltd. announced that its controlling shareholder, Rizhao Port Co. Ltd., acquired 44,000,000 H shares of the company on the open market. This transaction, executed at an average price of approximately HK$0.798 per share, represents an aggregate consideration of approximately HK$35.11 million. The acquisition underscores Rizhao Port's confidence in the company's future development.

Following this increase, Rizhao Port's total shareholding in Rizhao Port Jurong Co. Ltd. has risen to 884,000,000 shares, now accounting for approximately 53.25% of the total issued share capital. This comprises 840,000,000 domestic shares (50.60% of total issued share capital) and the newly acquired 44,000,000 H shares (2.65% of total issued share capital). Shareholders and potential investors are advised to exercise caution when trading the company's shares.