Liaoning Port company approves asset buys, new management assessment plan

Liaoning Port Company Limited announced board and shareholder approvals for key asset acquisitions and a new management assessment plan. On December 23, 2025, the board approved the purchase of two gantry cranes and two tugboats from Dandong Port Group. The gantry cranes, models M246 and M247, will be acquired by Dalian Port Bulk Grain Terminal Branch at a total price of 9,348,264 yuan. The tugboats, "Andong 23" and "Andong 26," will be acquired by Yingkou Port Co. Ltd. for a total consideration of 57,895,550 yuan. These transactions were classified as connected transactions under listing rules and were approved by the independent non-executive directors.

The board also approved the "Liaoning Port Co. Ltd. Management Team 2025-2027 Three-Year Business Performance Assessment Plan." Related directors abstained from voting on these items due to their involvement. The resolutions passed with significant majorities, indicating strong internal support for the strategic direction. The board confirmed that the transactions were conducted at fair commercial terms, serving the company's and its shareholders' overall interests.

The asset acquisitions are designed to enhance operational efficiency, increase cargo handling capacity, and alleviate current operational pressures, particularly for tugboat services during peak seasons. These moves aim to reduce costs associated with new equipment procurement and manufacturing time.