Shanghai International Port Group: Intends to lend funds not exceeding 1.25 billion to its affiliated and jointly-held company Wuhan Port.

date
02/02/2026
Shanghai Port Group announced that in order to leverage the advantages of centralized fund management and meet the normal production and operation needs of its related joint-stock company, Wuhan Port, the company plans to lend up to RMB 125 million to Wuhan Port in 2026 according to its shareholding ratio. The loan term shall not exceed 12 months from the date of withdrawal, and the interest rate shall be determined through negotiation. This matter has been approved by the board of directors and still requires approval from the shareholders' meeting. As of the announcement date, the total amount of non-routine related transactions between the company and Wuhan Port in the past 12 months is RMB 125 million. This loan does not constitute a major asset restructuring and will not affect the company's business and fund utilization.