According to the Guangzhou Port announcement, the company plans to sign a state-owned land use rights collection and storage framework agreement with the Guangzhou Land Development Center and the Guangzhou Development Zone Land Development Reserve Trading Center to hand over a total of 5 parcels of land, including the Huangpu Old Port Wharf, with a total area of 521248.31 square meters, with a view to completing the recovery work by 2030. Among them, it is proposed to first sign a recovery compensation agreement for about 149,273.82 square meters of land in the first phase of the Huangpu Old Port Wharf. The compensation amount will be determined according to the revenue share method of future public land concessions. Currently, the total transaction price has not been determined. This transaction does not constitute a related transaction or major asset restructuring. It has been reviewed and approved by the board of directors and still needs to be submitted to the shareholders' meeting for consideration. There is still uncertainty about related matters.

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