Qinhuangdao Port Co., Ltd. (the Company) disclosed new developments regarding certain litigations and arbitrations. According to the latest information, the maritime tort dispute involving Shaanxi Blower (Group) Co., Ltd. reached a first trial judgment that rejected Shaanxi Blower’s claim against the Company, while clarifying that this judgment is not final. The disputed amount is approximately RMB468.8101 million.
A separate maritime tort dispute involving Jiangxi Copper International Trading Co., Ltd. proceeded to a second trial, which quashed the prior first trial rulings and remanded the case to the original court for retrial. The disputed amount is approximately RMB782.5809 million.
There is no new progress on other previously disclosed litigations and arbitrations. The ultimate impact of these cases on the Company’s current and subsequent financial periods remains uncertain. The Company has retained professional legal services and will disclose any significant developments in accordance with relevant legal and regulatory requirements.