Qin Gang Group intends to make provisions for off-duty and retirement costs not exceeding 320 million to optimize human resources.

In 2025, Qinhuangdao Port Co., Ltd. implemented the "off-duty waiting for retirement" policy to optimize the human resources structure, reduce labor costs, and enhance competitiveness. According to calculations, a provision for off-duty waiting for retirement expenses not exceeding 320 million yuan is required for the current year, which is expected to result in a decrease in net profit for the year by not more than 320 million yuan. In the medium to long term, this measure is beneficial for reducing future labor costs, optimizing human resources structure, and fulfilling social responsibilities. The Audit Committee believes that the provision is in compliance with regulations and does not harm the interests of shareholders. On September 26, the sixth board of directors of the company unanimously passed the provision proposal at the third meeting.