Tianjin Port Development (03382) announced on December 23, 2025, that its subsidiary, Logistics Development, entered into an equity transfer agreement with Jutai Industrial & Trading. Under the agreement, Logistics Development agreed to sell, and Jutai Industrial & Trading agreed to acquire, a 60% equity stake in China Railway Storage & Transport for RMB22.5243 million.

Upon completion of the transaction, the company will no longer indirectly hold any equity in China Railway Storage & Transport, which will cease to be a subsidiary. China Railway Storage & Transport primarily engages in the sales of various coal products.

The divestment aligns with the group’s strategy to focus on core operations, redirecting management resources and operational priorities toward key areas such as port handling and logistics. This move aims to enhance the core competitiveness and sustainable operational quality of its main business, accelerating the group’s goal of building a world-class green and intelligent hub port. It also strengthens long-term competitiveness and profitability, in line with the group’s overall development plan and the interests of the company and its shareholders.