Ningbo Zhoushan Port revises articles, abolishes supervisory board

Ningbo Zhoushan Port Company Limited's board approved revisions to its articles of association, including the abolition of the supervisory board and transferring its functions to the audit committee. This change, effective August 27, 2025, requires shareholder approval at an extraordinary general meeting. Concurrently, the company declared a cash dividend of 0.30 yuan per 10 shares for the first half of 2025, amounting to 583.632 million yuan, subject to shareholder approval. The dividend will be paid out from distributable profits of 1,963.844 million yuan.

The company also disclosed its use of raised funds, with 1,270.111 million yuan utilized in the first half of 2025, bringing total cumulative use to 9,791.699 million yuan. Additionally, Ningbo Zhoushan Port will provide 316 million yuan in shareholder loans to Taicang Xinghai Port Development Co., Ltd., a 49%-owned associate, at an annual interest rate of 1.8% over three years. This financial assistance aims to improve the associate's financial health and reduce financing costs.