Tianjin Port Development Holdings Limited has announced that its subsidiary, Alliance International Co, has entered into a renovation agreement following a competitive tender process. The contract has been awarded to Jinan Heavy Equipment Co for the improvement of quay cranes at the company's facilities in Tianjin, China. The total consideration for the contract is RMB 1,472,200, representing 5% of the agreed amount, to be funded by the Group's internal resources. According to the company, the renovation aims to enhance the safety, technical performance, and operational efficiency of the terminal. The Directors, including the independent non-executive Directors, have stated that the transaction is in the ordinary and usual course of business and is expected to benefit the Group's competitiveness. Directors who are also directors or senior management of the controlling shareholder, Tianjin Port Group Co, abstained from voting on the relevant board resolutions in line with corporate governance practices.