Liaoning Port (02880) subsidiary plans to purchase the Jifa Beihai vessel for RMB 81.6136 million.

Liaoning Port (02880) announced that on September 18, 2026, DBR, a wholly-owned subsidiary of the company, entered into a ship purchase contract with Wantong Logistics at a consideration of RMB 81.6136 million, pursuant to which DBR agreed to purchase and Wantong Logistics agreed to sell the vessel. Under the ship purchase contract, DBR will purchase the Jifa Beihai vessel from Wantong Logistics. Compared with purchasing or building a new vessel, the acquisition of the Jifa Beihai vessel can significantly shorten the procurement cycle. It is expected that the issuance of ship registration matters, including ownership, can be completed within 7 business days after delivery, significantly better than newbuildings (construction period of 1-2 years) or the purchase of second-hand vessels in the market (generally no less than 9 months). The Jifa Beihai vessel is in high-quality condition and compliant, and meets the operational needs of the domestic trade market. DBR is familiar with the vessel's condition based on long-term leasing and operational management of the Jifa Beihai vessel, effectively avoiding procurement risks; the vessel has obvious advantages in operation and maintenance and fuel costs, complete safety configurations, and high navigation reliability; leasing the vessel externally can generate stable income, connect with partners to open up trunk and branch line businesses, and can also be converted to self-operation as needed, with significant comprehensive benefits.