Affiliated contract for the purchase and installation of equipment totaling 29.01 million yuan for OCEAN LINE PORT (08502)
Farhauling Port (08502) announced that on January 20, 2026, Chizhou Port Holdings (a subsidiary company indirectly owned 72% of the equity) entered into an equipment procurement and installation contract with the contractor Zhongli Construction Group Co., Ltd. Under this contract, the contractor will be responsible for equipment construction work with a cost of approximately 29.01 million yuan.
OCEAN LINE PORT (08502) announced that on January 20, 2026, the subsidiary company of Chizhou Port Holdings (which indirectly owns 72% equity) entered into an equipment procurement and installation engineering contract with the contractor Zhongli Construction Group Co., Ltd. Under this contract, the contractor will be responsible for the equipment construction work costing approximately RMB 29.01 million.
According to the equipment procurement and installation contract, the contractor will be responsible for the equipment construction work at the Chizhou Jiangkou Port area. The equipment will be located in the Jiangkou Port area of Chizhou Economic and Technological Development Zone, Chizhou City, Anhui Province, China. The contractor will be in charge of the manufacturing, installation, technical services, training, debugging, testing, and acceptance of the ship loading system (including one ship loader, two belt conveyors, one tail pit hopper, and a dust suppression system) and four sets of closed gallery facilities for belt conveyors. The contractor is also required to bear the obligation of equipment construction defect repair during the defect liability period as per the equipment procurement and installation contract.
The equipment construction is in response to the need for upgrading the equipment at Chizhou Jiangkou Port area, eliminating outdated equipment, enhancing the technological level of the enterprise, and enjoying national policy support. Additionally, the equipment construction will meet the planning and environmental protection requirements of the Jiangkou Port area, which will benefit the long-term development of Chizhou Port Holdings' port business and enhance its competitiveness in the market of inland port operators in Chizhou City, Anhui Province, China.
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