Liaoning Port controlling shareholders extend non-competition commitment to 2028

Liaoning Port Co., Ltd. has received supplementary letters of commitment from its controlling shareholders, CMG, Liaoning Port Group, and Yingkou Port Group, regarding the extension of the commitment period to avoid horizontal competition. The original commitment to resolve substantive horizontal competition issues by the end of 2025 is now extended to the end of 2028. This extension is attributed to objective factors such as asset profitability and defects in asset ownership.

The controlling shareholders have pledged to continue efforts through asset restructuring, business adjustments, and optimizing entrusted management models, provided that relevant laws and regulations permit and businesses meet the company's basic earnings requirements. This extension is subject to consideration and approval by shareholders at an Extraordinary General Meeting (EGM) via an ordinary resolution.

The EGM is scheduled for Tuesday, December 23, 2025, at 9:00 a.m. in Dalian City. CMG, together with its associates, holding approximately 71% of the total issued share capital as of November 27, 2025, are required to abstain from voting on this resolution. The H Shares register of members will be closed from Thursday, December 18, 2025, to Tuesday, December 23, 2025.