COSCO SHIPPING Holdings establishes smart supply chain joint venture

COSCO SHIPPING Holdings Co., Ltd. announced the formation of a joint venture, Shenzhen COSCO SHIPPING Smart Supply Chain Co., Ltd., through its wholly-owned subsidiary COSCO SHIPPING Lines (Hong Kong). The joint venture agreement, signed on September 15, 2025, includes Guangzhou COSCO SHIPPING Logistics, Shenzhen Port Logistics Group, and CCCC Fourth Harbor Engineering Co., Ltd. The total registered capital of the new company will be RMB1bn.

COSCO SHIPPING Lines (Hong Kong) will contribute RMB370m, holding a 37% stake. Guangzhou COSCO SHIPPING Logistics will contribute RMB300m (30% stake), Shenzhen Port Logistics Group RMB230m (23% stake), and CCCC Fourth Harbor Engineering Co., Ltd. RMB100m (10% stake). The capital will be injected in two phases.

This transaction constitutes a connected transaction for COSCO SHIPPING Holdings under Hong Kong Listing Rules, as Guangzhou COSCO SHIPPING Logistics is an associate of COSCO SHIPPING, the company's indirect controlling shareholder. The highest applicable percentage ratio for this transaction is between 0.1% and 5%, requiring reporting and announcement but exempting circulars and independent shareholder approval.