QHD PORT (03369) intends to acquire equity in four port companies; A-shares suspended

QHD PORT (03369) announces that on October 20, 2026, the Company entered into the Equity Acquisition Letter of Intent (the "Letter of Intent") with Hebei Port Group Co., Ltd. (Hebei Port Group), pursuant to which the Company intends to issue A shares and pay cash to acquire from Hebei Port Group a 25% equity interest in Tangshan Caofeidian Industrial Port Co., Ltd. (Caofeidian Industrial), a 24% equity interest in SDIC Caofeidian Port Co., Ltd. (SDIC Caofeidian), a 28.2328% equity interest in Huaneng Caofeidian Port Co., Ltd. (Huaneng Caofeidian), and a 6% equity interest in Tangshan Caofeidian Coal Port Co., Ltd. (Caofeidian Coal) (the Proposed Acquisition). The transaction price will be determined by negotiation between the parties based on the appraisal results set out in an appraisal report issued by an asset appraisal institution qualified under the Securities Law of the People's Republic of China and filed with the competent authority. The specific terms of the Proposed Acquisition will be set out in a formal agreement to be separately entered into by the parties. Hebei Port Group is a limited liability company established in China on August 28, 2002. It is a state-owned enterprise under Hebei Province, with principal businesses covering port operations, modern logistics, investment operations and park economy. Hebei Port Group is the controlling shareholder of the Company and, as at the date of this announcement, directly holds 58.27% of the equity interest in the Company. As the Proposed Acquisition is still at the planning stage and is subject to uncertainty, in order to ensure fair disclosure of information, safeguard investors' interests and avoid any material impact on the A-share price, pursuant to the listing rules of the SSE and at the Company's request, the Company's A shares (abbreviation: QHD PORT, stock code: 601326) will be suspended from trading on the SSE with effect from the opening of the market on October 21, 2026 (Wednesday), for an expected period of not more than ten SSE trading days. During the suspension of trading of the A shares, the Company's H shares listed on the Stock Exchange will continue to be traded.