Qingang Co., Ltd. (03369) plans to acquire Caofeidian high-quality bulk terminal assets and raise supporting capital from Hebei Port Group

According to the Zhitong Finance App, Qingang Co., Ltd. (03369) announced that on November 3, 2026, the company entered into an acquisition agreement with Hebei Port Group. The company plans to acquire 25% of Caofeidian Industrial's shares, 24% of SDIC Caofeidian's shares, and 6% of Caofeidian Coal. The consideration for the proposed acquisition is partly paid by allocating and issuing consideration shares, and (ii) partly in cash. The issue price of the shares in consideration will be RMB 3.45 per share in consideration.

In addition, the company plans to issue new A shares to no more than 35 eligible selected investors. The total amount of supporting capital raised shall not exceed 100% of the price of the underlying assets purchased by issuing consideration shares in the proposed acquisition, and the number of new A shares to be issued shall not exceed 30% of the total share capital of the Company before the issuance of the proposed issuance of A shares. All issuers subscribe in cash for the new A shares issued by the proposed issuance of A shares. The number of A-shares proposed to be issued was finalized based on the results of the inquiry after approval by the Shanghai Stock Exchange and registration approved by the China Securities Regulatory Commission.

The proposed acquisition is a powerful measure to implement the maritime power strategy and port resource integration requirements. It will help the company to further expand its business layout in the Caofeidian port area, enhance the guarantee capacity and service efficiency of bulk cargo transportation such as energy and raw materials, better play the role of the country's main energy transportation hub port, and serve the collaborative development of Beijing-Tianjin-Hebei Province and the construction of a world-class port cluster around the Bohai Rim.

The target company proposed for acquisition is the core profitable asset of Hebei Port Group in the coal and ore handling business. It has the characteristics of large scale, strong representation, stable, moderate and positive operating conditions, and strong profitability, and has a significant synergy effect with the company's existing business. The target companies are all located in the Caofeidian Port area of Tangshan. The proposed acquisition will inject relevant high-quality port shares into the company, which is conducive to further consolidating the company's main business advantages, expanding its business layout in the Caofeidian port area, expanding its business scale, enhancing market influence, deepening collaborative development in the field of bulk cargo terminals in the Bohai Rim region, and enhancing comprehensive service capabilities and core competitiveness. At the same time, the proposed acquisition is conducive to increasing the company's net profit, improving overall profitability and shareholder return levels, enhancing resilience to risks and long-term development resilience, and laying a solid foundation for the company's sustainable development.

At the company's request, trading of A-shares has been suspended on the Shanghai Stock Exchange since the opening of the market on the morning of October 21, 2026. The company has applied to the Shanghai Stock Exchange to resume trading of A-shares on the Shanghai Stock Exchange from November 4, 2026. As of the date of this announcement, Hebei Port Group (seller) is the company's main shareholder.