Qingdao Port (06198.HK) terminates acquisition of petroleum company and equity in Rizhao Shihua

Wisdom Finance APP News, Qingdao Port (06198.HK) announced that Qingdao Port International Limited (the Company) intends to terminate the proposed acquisition of 100% equity of Rizhao Port Oil Terminal Co., Ltd. (Oil Company) and 50.00% equity of Rizhao Sihua Crude Oil Terminal Co., Ltd. (Rizhao Sihua) (collectively referred to as "Target Companies") in cash. Due to Rizhao Sihua being included on the U.S. Entity List, which may have a significant impact on the business of the Target Companies, in order to protect the overall interests of the Company and shareholders, after consultations with relevant parties, the Company has decided to terminate the transaction. On December 12, 2025, the Company signed a termination agreement with Rizhao Port Group regarding this transaction.