According to the Ningbo Port announcement, the company plans to participate in the auction of 8.91% and 1.82% of the shares of Xinda Resources Limited listed and transferred by ZLCFH and CPD respectively on the Beijing Property Exchange through a wholly-owned overseas subsidiary, Singapore, for a total of 10.73% of the shares. The corresponding listing reserve prices are 924 million yuan and 189 million yuan respectively. If the transaction is completed, the company will indirectly hold 10.73% of TCP's shares. This transaction constitutes a related transaction and does not constitute a major asset restructuring. It has been reviewed and approved by the company's board of directors. There is no need to submit it to the shareholders' meeting for review. There is still uncertainty about whether the deal can be reached.

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