Zhuhai Port seeks share issuance authorization, strategic moves ahead

** Zhuhai Port (SZSE:000507) is seeking shareholder authorization to grant its board of directors full authority to manage a private placement of shares through a simplified process, as announced on April 28, 2025. This move is aimed at bolstering the company's capabilities in port operations, shipping, logistics, and related port services. The intended capital raised will be used for construction projects and to supplement working capital.