Beibu Gulf Port: plans to subscribe 547 million yuan for Ningbo Ocean Shipping's private placement of shares.

Beibu Gulf Port announced that the company plans to subscribe for A-share stocks issued by Ningbo Ocean Shipping Co., Ltd. to specific objects in cash. The subscription price for this transaction is 7.53 yuan per share, with a total subscription quantity of 72.7019 million shares, accounting for 5% of Ningbo Ocean's total share capital after issuance. The subscription amount is approximately 547 million yuan. Both parties signed a strategic cooperation agreement on the same day, agreeing to deepen cooperation in the field of port services, integrated logistics, etc. Beibu Gulf Port will nominate a non-independent director to participate in the governance of Ningbo Ocean Shipping. The lock-up period for this subscription is thirty-six months. This matter still requires approval from state assets, approval from the shareholders' meeting, and registration from the China Securities Regulatory Commission before it can be implemented.