Qingdao port expands operations with new investments and property acquisitions

Qingdao Port International is set to invest in the Dongjiakou Port area with two major projects: the universal berth project at Langya Taiwan operating area, estimated at RMB 661,458,000 and the first phase of the container terminal project, estimated at RMB 909,706,710. Both projects are expected to take approximately four years, completing by 2029, and aim to enhance cargo handling capabilities and optimize operational layouts.

In addition, Qingdao Port International and its subsidiary will acquire assets from Qingdao International Cruise Port Development and Construction Co., Ltd., a related party. The acquisition includes multiple floors in the Shipping Finance Center A and B towers for a total of RMB 365,920,774, which will be used for office space.

Further strengthening its financial support for subsidiaries, Qingdao Port International has approved a 2026 guarantee plan for Qingdao Port International Logistics Co., Ltd. The plan provides a guarantee limit of up to RMB 720m for futures delivery warehouse operations, with the company's total guarantees for its controlled subsidiaries amounting to RMB 1.8bn as of the latest audit.