Liaoning Port subsidiary enters bankruptcy liquidation

Dalian Economic and Technological Development Zone People's Court has accepted the bankruptcy liquidation application of Dalian Container Terminal Logistics Co., Ltd., a wholly-owned subsidiary of Liaoning Port Co., Ltd. The court issued its civil ruling on December 16, 2025. Liaoning Port Co., Ltd. indirectly holds 100% equity in Dalian Container Logistics.

The court found Dalian Container Logistics to be insolvent, with assets of CNY 118,106,877.67 and liabilities of CNY 153,604,166.07 as of December 31, 2024, resulting in a negative owner's equity of CNY -35,497,288.40. The company's inability to repay due debts led to a shareholder resolution on September 30, 2025, to apply for bankruptcy liquidation.

Liaoning Port Co., Ltd. emphasized that Dalian Container Logistics is an independent legal entity, and the parent company will not bear any guarantee or joint liability for its debts. This event is not expected to significantly impact the company's existing business operations or financial performance.