Ningbo Port (601018.SH) plans to bid for part of Xinda Resources Limited's shares

Zhitong Financial App News, Ningbo Port (601018.SH) announced that the company plans to participate in the auction of 8.91% of Xinda Resources Limited (“Xinda”) listed and transferred by ZLCFH-Cayman International Investment Cooperation Limited through public delisting through a wholly-owned overseas subsidiary, Zhejiang Haigang (Singapore) Co., Ltd. (“Singapore Company”), and CPD Port Investment Co. , Limited listed and transferred 1.82% of Xinda's shares. If the transaction is successfully completed, the company will hold a total of 10.73% of Xinda's shares through the Singapore company and indirectly hold 10.73% of TCP Participações S.A. (“TCP”) shares.

After the transaction is completed, Ningbo Zhoushan Port and TCP can further encrypt the “Asia - South America” route network, improve service levels, and create efficient and stable logistics channels to ensure international supply chain security; link Ningbo Zhoushan Port's automobile roll-over, cross-border e-commerce and other businesses through TCP refrigerated boxes and logistics value-added services to provide end-to-end supply chain services for Zhejiang enterprises to explore the South American market, which will help further enhance the foreign trade competitiveness of Zhejiang enterprises; TCP, as the first Chinese-funded container terminal project in Latin America, can provide the company with an international operating platform and help accelerate the cultivation of overseas companies. Terminal investment and operation capacity.