Yantian Port invests in marine tech fund, renews auditor mandate

Shenzhen Yan Tian Port Holdings announced resolutions from its ninth board of directors' extraordinary meeting, including the approval to renew the appointment of Rongcheng Certified Public Accountants (Special General Partnership) as its auditor for 2025. The audit fee remains unchanged at 600,000 yuan, with 500,000 yuan for financial statement audits and 100,000 yuan for internal control audits. This decision awaits approval at the company's third extraordinary general meeting in 2025.

Additionally, the board approved an investment in the Shenzhen Port Hongsheng Marine Technology Investment Fund Partnership (Limited Partnership), with a total committed capital of 520m yuan. Shenzhen Yan Tian Port Holdings will contribute 211m yuan, representing 40.58% of the fund, which will focus on marine technology within port scenarios and related emerging industries. This investment is considered a related-party transaction due to the involvement of Shenzhen Port Fund Company, a related legal entity.

The fund aims to support the company's strategic expansion into marine sectors, enhance its industrial influence, and generate returns. The investment process, including the signing of a partnership agreement and obtaining necessary registrations, is still underway, carrying inherent risks associated with early-stage fund development.