Rizhao Port Jurong extends depreciation life of loading equipment to up to 20 years

• Rizhao Port Jurong will extend useful lives for loading machinery and equipment to 8–20 years from 8–15, effective July 1, 2026.
• Change lowers annual depreciation rates to 4.75%–11.875% from 6.333%–11.875%; residual value rate stays at 5%.
• Depreciation expense is projected to fall about RMB 4.38 million in 2026; net profit is projected to rise about RMB 3.29 million.
• Update will be applied prospectively with no restatement of prior financial statements; final impact subject to the 2026 audit.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rizhao Port Jurong Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260828-12304177), on August 28, 2026, and is solely responsible for the information contained therein.