Qingdao Port International Co.,Ltd. (ASX: 06198) announced that it has entered into an asset transfer agreement with its parent company, Qingdao Port Group, on June 18, 2026. The company intends to purchase the specified assets from the group for a total consideration of RMB 65.5399 million, inclusive of tax.

The assets in question consist of land use rights, buildings and structures, machinery, and electronic equipment as detailed in the valuation report. This includes one land use right covering an area of 11,202.50 square meters, five buildings with a total floor area of 9,971.55 square meters, two structures, 115 sets of machinery, and 484 sets of electronic equipment.

This transaction is intended to meet the operational requirements for the company's emergency rescue services. It is also expected to align asset usage rights with ownership, thereby supporting the stable and compliant operation of the company's business.

Following the completion of this acquisition, the company anticipates enhancements in the completeness and standardization of its asset management practices.