Tianjin Port: Subsidiary intends to transfer 60% equity of China Railway Storage and Transportation Co., Ltd. for 22.5243 million yuan.

Tianjin Port announced that in order to optimize its asset structure, its wholly-owned subsidiary, Logistics Development, plans to list and transfer 60% of its holdings in China Railway Logistics through the Tianjin Property Rights Exchange, with a listing price of 22.5243 million yuan. China Railway Logistics had a revenue of 2.548 billion yuan in 2024, accounting for 21.11% of the company's total revenue that year. This transaction has been approved by the board of directors and is subject to the listing process. The transaction party and price are uncertain and do not constitute a major asset restructuring. After the transaction is completed, China Railway Logistics will no longer be included in the consolidated financial statements, leading to a decrease in the company's revenue and total profit. However, this will help to focus on the main business and improve the quality of operations.