Jiangsu Lianyungang Port Co., Ltd. (SHSE:601008) agreed to acquire 36.4% stake in Xinlian Bulk Cargo Terminal Co., Ltd. from CCB Financial Asset Investment Co., Ltd. for CNY 550 million on September 21, 2023. Jiangsu Lianyungang Port Co., Ltd. shall pay the transfer price to the bank account designated by CCB Financial Asset Investment Co., Ltd. before September 30, 2023 (inclusive). Xinlian Bulk Cargo Terminal Co., Ltd. reported total assets of CNY 1.52 billion and net assets of CNY 798.19 million on June 30, 2023.

Xinlian Bulk Cargo Terminal Co., Ltd. board of directors approved the transaction.