Guangzhou Port outlines 2026 related party deals, calls shareholder meeting

Guangzhou Port Company Limited announced estimated daily connected transactions with China COSCO Shipping Corporation Limited and its controlled subsidiaries for 2026, totaling CNY 176,350 million. The company also forecasted its 2026 daily related party transactions with Guangzhou Port Group Co., Ltd. and its controlled enterprises, amounting to CNY 47,700 million. Both proposals were approved by the board of directors and independent directors, with related parties abstaining from voting, and will proceed to the 2025 Third Interim Shareholders' Meeting for approval.

The board also approved a change to the non-competition undertaking provided by its controlling shareholder, Guangzhou Port Group Co., Ltd., to enhance operational flexibility while ensuring fair competition. This amendment aligns with the company's long-term development goals and will also be submitted for shareholder approval.

The 2025 Third Interim Shareholders' Meeting is scheduled for December 29, 2025, at 2:30 PM (CST) in Guangzhou, utilizing both physical and online voting platforms. Shareholders will vote on the proposed related party transactions and the revised non-competition undertaking, along with a resolution to increase capital for Guangdong Port & Shipping Investment Co., Ltd. by CNY 11,730 million.