Tianjin Port: Subsidiary transferred 60% equity of China Railway Express for 22.5243 million yuan

Tianjin Port announced that, in order to optimize its asset structure, its wholly-owned subsidiary Logistics Development had listed 60% of its shares of China Railway Storage and Transportation for transfer. The public listing took place from November 20 to December 18, 2025, and the transferee was Jutai Industry and Trade. On December 23, Logistics Development signed a "Property Trading Contract" with them, with a transaction price of 22.5243 million yuan, a premium of 0.06% over the book value. Jutai Industry and Trade has already paid a 6 million yuan deposit for the transfer payment, and the remaining 16.5243 million yuan is to be paid to the settlement account within 3 working days. This transaction is not a major restructuring and does not involve related party transactions.