Xiamen International Port Co. Ltd. intended to use RMB 250,000,000 of the net proceeds from the issue of the Third Tranche Super Short-Term Notes in 2021 to repay the Company's Fourteenth Tranche Super Short-Term Notes in 2020 which is immediately due. As previously indicated, the net proceeds from the issue of the Company's Fourteenth Tranche Super Short-Term Notes in 2020 were entirely used for repaying the Company's Fourth Tranche Super Short-Term Notes in 2020. In addition, the Company intends to use the remaining RMB 850,000,000 to repay the bank loans.