TIANJINPORT DEV (03382) has announced that on June 22, 2026, its subsidiary, Tianjin Port Holdings Co., Ltd. (600717.SH), entered into an agreement with Tianjin Port Group.

Under this agreement, Tianjin Port Holdings intends to acquire the entire equity of the target companies, namely the Second Container Terminal Company and Huisheng Company, from Tianjin Port Group by issuing new shares at a price of RMB 4.36 per share.

Tianjin Port Holdings has applied to the Shanghai Stock Exchange for a resumption of trading of its shares, effective from June 23, 2026.

The Second Container Terminal Company is a limited liability company established in China by Tianjin Port Group, primarily engaged in container handling, storage, and related port derivative services, offering container loading/unloading, consolidation, inspection, and ship shore power supply.

With registered capital of RMB 3 billion contributed by Tianjin Port Group, the Second Container Terminal Company employs a "smart + green" operational model, focusing on efficient and low-carbon container port operations, with an annual designed throughput capacity of 2.5 million TEUs, capable of accommodating the world's largest container vessels around the clock.

Huisheng Company is primarily involved in port investment, construction, and operation, providing handling, storage, warehousing, custody, and transshipment services for various cargoes, particularly general and bulk cargo.

Huisheng Company possesses two 100,000-ton-class and two 150,000-ton-class berths, with an annual designed throughput capacity of 11 million tons.

As certain subsidiaries of Tianjin Port Group, namely the target companies, are engaged in businesses identical or similar to those of Tianjin Port Holdings, a competitive conflict exists between them.

Upon completion of this transaction, the target companies will become wholly-owned subsidiaries of Tianjin Port Holdings, which will help resolve the competitive conflict between Tianjin Port Group and Tianjin Port Holdings.

The target companies are operating steadily with a positive trend and possess strong profitability.

Following the transaction's completion, the group will indirectly hold high-quality, profitable port assets through Tianjin Port Holdings.

This is expected to enhance the group's profitability, strengthen its core competitiveness and sustainable development capabilities, and advance its construction of green and smart ports, aligning with the long-term and overall interests of the company and its shareholders.

The transaction consideration is settled through a share issuance, requiring no cash expenditure or additional financing, thus having no impact on the group's liquidity or debt levels.

This approach aids in optimizing the group's capital structure, maintaining overall financial health, and promoting its stable future development.