Tianjin Port Development (03382) plans to sell 60% of China Railway Storage and Transportation's shares for 22.254,300 yuan

According to Zhitong Finance App, Tianjin Port Development (03382) issued an announcement. On December 23, 2025, Logistics Development (a subsidiary of the company) signed a property rights transaction contract with Jutai Industry and Trade. Based on this, Logistics Development agreed to sell and Jutai Industry and Trade agreed to acquire 60% of China Railway Storage and Transportation's shares at a cost of RMB 22.25,300. After the sale is completed, the company will no longer indirectly hold any shares in China Railway Storage and Transportation, so China Railway Storage and Transportation will no longer be a subsidiary of the company. China Railway Storage and Transportation is mainly engaged in the sales business of various types of coal.

The sale helps the Group focus on core business, invest management resources and operating focus in core areas such as port handling logistics, further enhance the core competitiveness and continuous operation quality of its main business, help the Group accelerate the construction of a world-class green smart hub port, enhance long-term core competitiveness and profit quality, and conform to the Group's overall development plan and the overall interests of the company and shareholders.