Qingdao Port Seeks Shareholder Approval to Acquire 70% of Dongjiakou Ore Terminal for RMB 1.92 Billion

• Qingdao Port International will seek shareholder approval at an extraordinary general meeting for a proposed 70% stake acquisition and board authorization.
• The company intends to bid for Qingdao Port Dongjiakou Ore Terminal at the RMB 1.92 billion reserve price, using internal funds.
• Completion would raise its stake from 30% to 100%, bringing the terminal operator into its consolidated financial statements.
• COSCO SHIPPING Group and its associates, holding 21.78%, must abstain from voting because part of the acquisition is a connected transaction.
• An independent board committee will recommend how independent shareholders should vote on the connected transaction, with advice from Somerley.

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. Qingdao Port International 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-20261110-12406638), on November 10, 2026, and is solely responsible for the information contained therein.