Tianjin Port Development Holdings Limited (03382) disclosed plans to potentially dispose of its 60% equity interest in Tianjin Zhongtie Storage and Transportation Co., Ltd. (Zhongtie Storage and Transportation). The proposed sale would occur through a public listing on the Tianjin Property Rights Exchange Centre, subject to at least 20 business days of pre-listing disclosures. The final base price will be determined based on an asset appraisal prior to formal listing.

Zhongtie Storage and Transportation is primarily engaged in the coal trade business. According to its audited financial statements under the China Accounting Standards for Business Enterprises, as at 31 December 2024, total assets were approximately RMB331.96 million. For the year ended 31 December 2024, revenue reached about RMB2,547.66 million, with a net profit after tax of approximately RMB205,800. For the nine months ended 30 September 2025, revenue totaled roughly RMB1,934.72 million, and net profit after tax was about RMB2.77 million.

If the disposal is finalized, Tianjin Port Development Holdings Limited would no longer hold any equity interest in Zhongtie Storage and Transportation, which would cease to be a subsidiary. The potential transaction is intended to optimize resource allocation toward core operations such as port loading and unloading logistics, thereby enhancing the group’s future competitiveness. This potential disposal, if concluded, may constitute a notifiable transaction under Chapter 14 of the Listing Rules. However, there is no binding agreement at present, and the transaction may or may not proceed.