PROSPER CONS (06816): The construction of the Qingdao International Shipping Center will greatly benefit the cross-border trade business.

PROSPER CONS (06816) announced that the Qingdao municipal government recently issued the "Qingdao International Shipping Center Mid-term Plan and 2035 Vision Goals," which proposes to build Qingdao International Shipping Center that serves the Yellow River basin, collaborates with the eastern, central, and western regions, faces the Asia-Pacific region, and connects and cooperates with countries along the "Belt and Road" initiative. The plan aims to fully leverage Qingdao's geographical advantages, promote intelligent and green development transformation, implement the integrated development of shipping and trade finance, and comprehensively enhance the level of shipping services. The company's controlling shareholder, Qingdao Haifa State-owned Capital Investment and Operation Group Co., Ltd., also responded to the plan and announced active participation in the investment and empowerment of development in shipping logistics and international trade industries, aiming to synergize efforts in building an industrial ecosystem focusing on "shipping warehousing logistics, international cross-border trade, and supply chain financial services." The group has already expanded its cross-border trade business earlier this year, involving importing raw materials from Indonesia and exporting electronic consumer goods from domestic sources. The group will continue to expand its procurement and sales networks, focusing on exporting products such as smart home appliances and new energy vehicles and importing specialty products such as agricultural raw materials and minerals from the Belt and Road regions in Southeast Asia and South Asia, aiming to become a centralized procurement center for cross-border trade. Based on the above, and with Haifa Group as an existing business partner of the group, the board believes that the group has taken the lead and can obtain significant benefits from the business opportunities that will be released by this plan. The board will also further formulate targeted development strategies in response to this plan.