Rizhao Port Jurong revises 2025 property lease cap

Rizhao Port Jurong Co., Ltd. announced a revision to the annual caps under its 2025 – 2027 Property Lease (Sale) Framework Agreement with Rizhao Port Group, a controlling shareholder. Effective November 6, 2025, the supplemental agreement revises the total annual cap for 2025 from RMB10,500,000 to RMB13,500,000. The caps for 2026 and 2027 remain unchanged at RMB10,500,000 each.

The increase in the 2025 annual cap is primarily due to a revised cap for "temporarily leased berths," which will increase from RMB5,000,000 to RMB8,000,000 for that year. The cap for "west-1 berth and west-2 berth" remains consistent at RMB5,500,000 across all three years. This adjustment reflects increased demand for temporary berthing services by Rizhao Port Group, contributing to higher operating revenue for the company.

The transaction, being a continuing connected transaction, is subject to reporting, annual review, and announcement requirements under the listing rules. The revised annual caps were determined with reference to historical transaction amounts, existing lease contracts, expected fluctuations in rent, and estimated utilisation rates of the company's properties.