Qingdao Port (601298.SH): Terminates acquisition of oil company and equity of Rizhao Shihua

Wisdom Financial News APP, Qingdao Port (601298.SH) announced that the company originally planned to acquire 100% equity of Rizhao Port Oil Terminal Co., Ltd. (hereinafter referred to as "Oil Company") and 50.00% equity of Rizhao Southport Crude Oil Terminal Co., Ltd. (hereinafter referred to as "Rizhao Southport"). Due to Rizhao Southport being included in the U.S. Entity List, which may have a significant impact on the business of the target company, in order to safeguard the overall interests of the company and shareholders, after consultation with relevant parties, the company has decided to terminate this transaction. On December 12, 2025, the company signed a termination agreement related to this transaction with Rizhao Port Group.