On 3 March 2022, Rizhao Port Jurong Co., Ltd. entered into the Shandong Port Shipping Group Framework Agreement with Shandong Port Shipping Group, pursuant to which the company agreed to provide stevedoring, transit and storage services to Shandong Port Shipping Group and other port-related services that the Company may provide to Shandong Port Shipping Group from time to time, for a term commencing on 3 March 2022 and ending on 31 December 2024.