Liaoning Port extends deadline to resolve competition issues until 2028

Liaoning Port Co. Ltd. announced that its actual controller, China Merchants Group, and major shareholders, Liaoning Port Group and Yingkou Port Group Co. Ltd., have issued supplementary commitments to avoid horizontal competition. The previous commitment to resolve substantive horizontal competition with Liaoning Port by the end of 2025 has been extended to the end of 2028. This decision was made due to ongoing challenges with certain competitive assets, including profitability and clear asset ownership, which prevent them from meeting the conditions for injection into the listed company.

The supplementary commitment, approved by the board of directors, aims to address horizontal competition through asset restructuring, business adjustments, and optimized entrusted management models. The move is intended to foster the company's growth, protect the long-term interests of all shareholders, especially small and medium-sized investors, and stabilize the company’s operating outlook.

While the new commitment provides a clearer path and timeline for resolving horizontal competition, the company noted that its fulfillment remains subject to potential policy adjustments, asset integration progress, and market changes. Investors are advised to be aware of these inherent uncertainties and investment risks.