According to Zhitong Finance App, COSCO SHIPPING Port (01199) announced that on October 30, 2026, Chuangan (a wholly-owned subsidiary of the Company), Xiamen COSCO Shipping Logistics (a wholly-owned subsidiary of COSCO SHIPPING Logistics Supply Chain) and the target company Xiamen COSCO SHIPPING Port Supply Chain Co., Ltd. (a wholly-owned subsidiary of the Company) signed a capital increase agreement. COSCO SHIPPING Logistics in Xiamen has agreed to invest about RMB 78.51 million to subscribe for the target company's additional registered capital of about RMB 65.33 million, which is equivalent to 49% of the target company's expanded registered capital after completion. Of the investment amount, approximately RMB 65.33 million will be included in the registered capital of the target company, and the balance will be included in the target company's capital reserve.
As of the date of this announcement, the target company is an indirect wholly-owned subsidiary of the Company. After the capital increase is completed, the registered capital of the target company will increase from RMB 68 million to approximately RMB 133.3 million, and the target company will hold 51% of Chuanggan and 49% of COSCO SHIPPING Logistics in Xiamen. The target company will remain a subsidiary of the Company.
Under the capital increase agreement, the contracting parties have entered into a shareholders' agreement to regulate their respective rights and obligations with respect to owning, governing and managing the target company after the capital increase.