Liaoning Port (02880) plans to apply to the Dalian Commodity Exchange to establish a designated tax-paid delivery warehouse for iron ore and a designated bonded delivery warehouse for iron ore.

Liaoning Port (02880) announced that in February 2016, Dalian Port Bulk Logistics Center Co., Ltd. (a joint venture in which the company holds a 40% stake) was designated by the Dalian Commodity Exchange (referred to as "DCE") as a bonded delivery warehouse for iron ore. However, due to the company's registered capital of only 10 million yuan, it does not meet the DCE's stringent entry standard requiring the net assets of delivery warehouses to be no less than 1 billion yuan. As a result, the DCE suspended its delivery operations on January 16, 2026. Currently, the company has no compliant vehicles for iron ore futures delivery at the port. The applicant for this qualification is Liaoning Port Co., Ltd., whose net assets, registered capital, and compliance record all meet the DCEs full hard financial and entity requirements for establishing delivery warehouses. The daily operational work of the warehouse will be handled by the company's wholly-owned branch, Dalian Port Bulk Cargo Terminal Branch. This terminal is equipped with specialized deep-water berths for iron ore, contiguous dedicated ore stockyards, standardized measuring and quality inspection equipment, a complete rail and road transportation system, and an independent customs bonded isolation area. It boasts years of practical operational experience in iron ore storage and bonded blending, with hardware, personnel, and management systems capable of meeting the DCEs delivery operation standards. The company intends to simultaneously apply to the DCE for two types of qualifications: designated bonded delivery warehouse for iron ore and designated tax-paid delivery warehouse for iron ore, forming a dual-track operational model of "tax-paid domestic delivery + bonded cross-border delivery." The projects revenue mainly consists of three parts: first, the unified standard iron ore storage fees set by the DCE; second, service fees for specialized delivery operations such as futures storage, withdrawals, and repositioning; third, incremental revenue from spot business such as ore loading, unloading, and storage generated by attracting business through delivery qualifications.