Shanghai Port Group: Invests 2 billion yuan to participate in the establishment of Shanghai Guomao and make progress updates

Shanghai Port Group announced that on November 13, 2025, the company approved the investment establishment of Shanghai Guomao with 2 billion yuan of its own funds, holding 15.38% of the shares. The affiliated entity, Guomao International Group, also participated in the investment, constituting a related party transaction. On November 20, Shanghai Guomao completed its business registration and obtained a business license with a registered capital of 13 billion yuan. The company stated that this investment is beneficial for leveraging the role of Shanghai Port as a hub and improving the level of port logistics services, but the target company's business has not been launched yet, and there are uncertainties in operations, with risks of lower than expected profits or loss.