COSCO Shipping Ports injects capital into US joint venture

COSCO Shipping Ports Limited announced a connected transaction involving a capital contribution to COSCO Shipping Terminals (USA) LLC (the "JV Company") on December 8, 2025. CSPD, a wholly-owned subsidiary of the company, and CSNAH, a wholly-owned subsidiary of COSCO SHIPPING and a connected person, collectively contributed $20.57m to the JV Company. CSPD's share was $8.228m, while CSNAH contributed $12.342m, maintaining their 40% and 60% interests, respectively.

This capital injection aims to cover the JV Company's share of obligations related to the orderly liquidation of SSA Terminals (Seattle), LLC and other associated payments. The JV Company holds a one-third interest in SSA Terminals (Seattle), LLC. The transaction is consistent with the group's strategy to optimize its terminal portfolio and divest non-strategic investments.

As the highest applicable percentage ratio exceeds 0.1% but is less than 5%, the transaction is subject to reporting and announcement requirements under Chapter 14A of the Listing Rules. The directors deem the transaction to be in the ordinary and usual course of business, on normal commercial terms, and fair and reasonable.