Guangzhou Port Company Limited announced that it has entered into a share subscription agreement for a private placement of not more than 1,857,954,000 shares for gross proceeds not more than CNY 4,000,000,000 on November 3, 2021. The issue price shall not be less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors including returning investor Guangzhou Port Company Limited for not less than 380,000,000 shares having a hold period of 18 months from issuance.

The shares issued to the other investors will have a hold period of 6 months from issuance.