Tianjin Port Development (03382) announced that its subsidiary, Logistics Development, intends to publicly sell its 60% stake in China Railway Storage and Transportation through the Tianjin Property Rights Exchange. As of the date of this announcement, Logistics Development holds a 60% equity interest in China Railway Storage and Transportation. This potential sale is advantageous for the group to focus on its core business, reallocating management resources and operational focus toward key areas such as port handling and logistics. It aims to further enhance the core competitiveness and sustainability of its main business, assist the group in accelerating the construction of a world-class green smart hub port, and improve long-term core competitiveness and profit quality, aligning with the group's overall development plan and the interests of the company and its shareholders.