Tianjin Port Development Holdings Limited (Stock Code: 03382) announced plans to dispose of a 60% equity interest in its subsidiary, Tianjin Zhongtie Storage and Transportation Co., Ltd. (「Zhongtie Storage and Transportation」), through a public listing on the Tianjin Property Rights Exchange Centre. The minimum bidding price has been proposed at RMB22,524,300, determined with reference to an appraised value of approximately RMB37.54 million.

According to the announcement, Zhongtie Storage and Transportation primarily engages in coal trading. The company’s audited figures under PRC Accounting Standards indicate revenue of RMB1,934.72 million for the nine months ended 30 September 2025 and RMB2,547.66 million for the year ended 31 December 2024. Net profit after tax for these periods was RMB2.77 million and RMB0.21 million, respectively. As of 30 September 2025, total equity amounted to RMB37.52 million.

Upon completion of the potential disposal, Tianjin Port Development Holdings Limited will divest its entire 60% stake in Zhongtie Storage and Transportation, which will cease to be a subsidiary. Since the highest applicable percentage ratio based on the proposed minimum bidding price exceeds 5% but is below 25%, any successful public listing will qualify as a discloseable transaction subject to relevant reporting and announcement requirements. The company stated that the disposal aims to streamline its operations and prioritize core port-related businesses.

The final transaction consideration will depend on bids from prospective purchasers. Further disclosures will be made in compliance with the Listing Rules. No definitive agreement has been reached, and there is no assurance that the transaction will proceed. Tianjin Port Development Holdings Limited advises shareholders and potential investors to exercise caution in securities dealings.