Ningbo Zhoushan Port proposes dividend, governance overhaul

Ningbo Zhoushan Port Company Limited reported a net profit attributable to shareholders of CNY 2,597,046 thousand for the first half of 2025, with the parent company achieving a net profit of CNY 2,182,049 thousand. The company plans to distribute 30% of its distributable profit of CNY 1,963,844 thousand, proposing a cash dividend of CNY 0.30 per 10 shares (including tax) based on a total share capital of 19,454,388,399 shares as of June 30, 2025. This distribution will amount to a total of CNY 583,632 thousand, with the remaining undistributed profit carried forward.

The extraordinary general meeting will also address substantial revisions to the company's Articles of Association, including the abolition of the supervisory board, with its functions transferred to the board's audit committee. Other proposed changes encompass updated rules for shareholder meetings, board of directors' meetings, and independent director working mechanisms, reflecting a comprehensive governance update.

Key proposals also include amendments to rules for related party transactions, financial assistance, and disposal of major assets, aiming to enhance transparency and align with current regulatory requirements. The meeting will be held on September 26, 2025, in Ningbo, Zhejiang province.