QINGDAO PORT (06198) plans to invest in the construction of the first phase of Dongjiakou Container Terminal. The estimated investment for the project is approximately 9.097 billion yuan.

QINGDAO PORT (06198) announced that in order to accelerate the development and construction of the Dongjiakou Port area, continuously improve the operational capacity of container terminals, and service the construction of QINGDAO PORT International Container Hub, the company plans to invest in the construction of Phase I of the Dongjiakou Container Terminal project, with an estimated investment of approximately RMB 9.097 billion. The project will be located on the north side of the general-purpose Terminal #7 berth at the eastern end of Langya Bay in the Dongjiakou Port area, with the construction of three specialized container berths, including one 70,000-tonnage berth (designed for container ships of up to 100,000 tons), one 100,000-tonnage berth, and one 150,000-tonnage berth. The total length of the terminal shoreline is 1,167 meters, with a total sea area of 125.9724 hectares for the terminal yard, and a designed annual throughput capacity of 3.2 million TEUs. Both the terminal and yard will be constructed according to fully automated standards. This project aligns with the company's strategic development plan and is of significant importance in promoting the company's long-term development. The container terminal is a hub for multimodal transportation, and this project, by adding specialized container terminals in the Dongjiakou Port area, combined with the upgrade and transformation of existing terminals in the Qianwan Port area, will help enhance the capacity of container terminals, better serve the international transit of containers and the growing demand for hinterland cargo transportation, thereby further improving the company's competitiveness and profitability. It will not have a significant adverse impact on the company's financial and operating conditions, and there is no situation that would harm the interests of the company and its shareholders, especially small and medium shareholders.