HANS GP HLDGS (00554): Dongzhou International Port Berth Transformation Project officially launched.

HANS GP HLDGS (00554) announced that the company has obtained government approval for the renovation project of Dongzhou International Terminal (Dongzhou Petrochemical Depot) and related disclosure transactions. The renovation project officially started construction on this date, November 19, 2025, and is expected to be completed by the end of June 2026. After production, it is expected to bring higher annual income to the company. In June 2025, the company's subsidiary Dongguan Dongzhou International Petrochemical Storage Co., Ltd. (Dongzhou International) obtained approval from the Development and Reform Bureau of Dongguan City to carry out the above-mentioned renovation project on Dongzhou Petrochemical Depot. The project is part of the second phase of the construction project of Dongzhou Petrochemical Depot, which plans to transform the existing 50,000-ton oil and gas berth into a specialized liquefied hydrocarbon berth capable of handling low-temperature propane, low-temperature butane, low-temperature ethylene, low-temperature propylene, ambient temperature propane, ambient temperature butane, ambient temperature propylene, and liquefied petroleum gas, with an annual throughput design capacity of 2.02 million tons. As liquefied hydrocarbon terminals are scarce resources in the Greater Bay Area and market demand is strong, unloading fees are also much higher than oil and liquid chemical products. It is expected that upon completion of the project, Dongzhou International's performance will be improved. Upon approval of the project, Dongzhou International signed long-term terminal unloading service contracts for liquefied hydrocarbons with customers. The contract revenue not only covers the cost of the project but also brings additional income to Dongzhou International. As Dongzhou International still has an 80,000-ton oil and gas berth, which can fully meet the current unloading needs of oil products and liquid chemicals, the renovation project will not affect the existing business operations. The Board of Directors believes that this renovation project marks the group actively seizing new business opportunities in the rapid growth of liquefied hydrocarbon and chemical industry, promoting the diversification of Dongzhou International's business, enhancing its competitiveness, and further consolidating the group's strong position in the energy logistics sector.