COSCO Shipping Holdings (01919) plans to invest 370 million yuan to participate in the establishment of a joint venture company.

COSCO Shipping Holdings (01919) announced that on September 15, 2025, its wholly-owned subsidiary COSCO Shipping (Hong Kong) Co., Ltd. entered into a joint venture agreement with Guangzhou COSCO Shipping Logistics, Shenzhen Port Logistics Group, and China Communications Fourth Navigation Bureau. The parties agreed to jointly establish a joint venture company, with COSCO Shipping (Hong Kong) Co., Ltd. contributing RMB 370 million (equivalent to approximately HKD 405 million), Guangzhou COSCO Shipping Logistics contributing RMB 300 million (equivalent to approximately HKD 328 million), Shenzhen Port Logistics Group contributing RMB 230 million (equivalent to approximately HKD 252 million), and China Communications Fourth Navigation Bureau contributing RMB 100 million (equivalent to approximately HKD 109 million) as the total registered capital of the joint venture company. After the establishment of the joint venture company, its registered capital will be RMB 1 billion (equivalent to approximately HKD 1.095 billion), with COSCO Shipping (Hong Kong) holding 37%, Guangzhou COSCO Shipping Logistics holding 30%, Shenzhen Port Logistics Group holding 23%, and China Communications Fourth Navigation Bureau holding 10% of the equity. The joint venture company will become an indirect non-wholly owned subsidiary of COSCO Shipping Holdings, and its financial statements will be consolidated into the group's financial statements. With the flourishing development of the global digital economy and the emergence of new formats and models such as cross-border e-commerce trade, global trade has become more diversified, leading to higher requirements for the stability and reliability of global supply chains. Based on the positioning of "a global digital supply chain investment and operation platform with container shipping as the core," the group actively builds an integrated supply chain operation system of "container shipping + ports + related logistics" based on customer demand, enhances the integrated development model of "investment + construction + operation," and provides high-quality digital supply chain solutions for global customers. The board of directors believes that the project, as a logistics hub for the surrounding goods of Shenzhen Yan Tian Port Holdings, will help consolidate the group's strategic layout in the Pearl River Delta region and become a core infrastructure for expanding the scale of digital supply chain business. The project will provide key support for the deep integration of regional service industry and advanced manufacturing, ensuring the stability and resilience of customer supply chains, connecting domestic and international trade cycles, and creating higher corporate brand value.