Hong Kong – 2 June 2026 – Ocean Line Port Development Limited (Ocean Line Port) announced that its 43.2%-owned subsidiary, Chizhou Haishun Port Services, has signed an Equipment Procurement and Installation Contract worth approximately RMB38.47 million (USD ≈ 5.3 million) with Nantong UP Machinery Engineering.
The contract, secured through a public tender, covers design, manufacturing, on-site installation, commissioning and testing of two ship loaders, seven belt conveyors and related auxiliary facilities—including a stacker, two belt scales, two electric hoists and a conveyor control system—for the Chizhou Jiangkou Terminal Phase IV project in Anhui Province.
Key commercial terms • Contract value: RMB38.47 million (about 38.47 million) • Performance deposit: RMB3.85 million, refundable within 10 days after equipment hand-over • Payment schedule: 10% on contract signing, 30% at mid-manufacturing, 15% on delivery to site, 35% on commissioning acceptance, and 10% after a three-year defect-liability period • Construction period: 3 June 2026 – 2 March 2027 (nine months) • Funding: internal resources plus bank borrowings of Chizhou Haishun
Regulatory angle Under Chapter 19 of the GEM Listing Rules, the transaction’s percentage ratios exceed 5% but are below 25%, classifying it as a discloseable transaction. Accordingly, it requires public announcement but is exempt from shareholder approval.
Strategic rationale Management expects the new equipment to: 1. Advance construction of Jiangkou Terminal Phase IV, improving shoreline utilisation and throughput efficiency. 2. Support rail-water intermodal transport, shifting mineral cargoes from road to rail/water in Guichi District. 3. Ease capacity pressure at Jiangkou Port and strengthen service capability for local economic development. 4. Establish a multi-modal logistics hub, enhancing environmental goals along the Yangtze River. 5. Sharpen the Group’s competitive position among inland terminal operators in Anhui Province.
The Board considers the contract terms fair, on normal commercial footing, and beneficial to Ocean Line Port and its shareholders.