TIANJIN PORT DEV subsidiary plans to publicly list and sell 60% equity stake of CRCTCOCargo Transport Co. Ltd.

TIANJINPORT DEV (03382) announced that its subsidiary, Logistics Development, intends to sell 60% of its equity in China Railway Logistics through public listing on the Tianjin Property Rights Exchange Center. As of the date of this announcement, Logistics Development holds a 60% stake in China Railway Logistics. The potential sale aligns with YAU LEE HOLD's focus on core business, directing management resources and operational focus on core areas such as port cargo handling logistics, to further enhance the core competitiveness and operational quality of its main business. This will accelerate the construction of a world-class green and intelligent hub port, improve long-term core competitiveness and profitability quality, in line with the group's overall development plan and the overall interests of the company and its shareholders.