Core Viewpoint - Tianjin Port Development (03382.HK) announced the signing of a share transfer agreement between its subsidiary, Tianjin Port Material Supply Co., and Dongjiang International Trade Co., involving the sale of 100% equity in the Import Company for approximately RMB 5.3516 million [1] Group 1: Transaction Details - The share transfer agreement is set to be executed on December 29, 2025 [1] - The Import Company, registered in China, primarily engages in trade services and port production material agency sales, covering import and export of goods and related agency services [1] - As of the announcement date, the registered and paid-in capital of the Import Company is RMB 3 million [1] Group 2: Company Structure - Tianjin Port Material Supply Co. holds 100% equity in the Import Company as of the announcement date [1] - Dongjiang International Trade Co. is a subsidiary of Tianjin Port Group [1]

Core Viewpoint - The company has announced the sale of 100% equity in its subsidiary, the Import Company, to Dongjiang International Trade Company for approximately RMB 5.3516 million, effective December 29, 2025. This divestment aligns with the company's strategy to focus on its core business areas, particularly in port handling and logistics, enhancing its competitive edge and operational quality [1]. Group 1 - The transaction involves the sale of the Import Company's entire equity stake, resulting in the company no longer holding any indirect ownership in the Import Company [1]. - The sale is intended to allow the company to concentrate its management resources and operational focus on core areas, specifically port handling and logistics [1]. - This strategic move is expected to improve the company's core competitiveness and operational quality, supporting its goal of building a world-class green smart hub port [1]. Group 2 - The divestment is in line with the company's overall development plan and is considered beneficial for both the company and its shareholders [1].

Group 1 - Shanghai Port has convenient water and land transportation, with smooth collection and distribution channels, connecting to the Yangtze River Basin and the entire country, and is close to global shipping routes [1] - Shanghai Port is commonly divided into several sections: Wusong Port (mainly bulk cargo), Yangshan Port (located on an island), Waigaoqiao Port (mainly for containerized cargo), and Luojing Port (mainly for bulk carriers) [1] - Specific unconventional documentation is required for certain food imports, such as distilled spirits needing a plasticizer testing report and juice requiring a multi-residue pesticide testing report [1] Group 2 - The import customs clearance process at Shanghai Port includes several steps: preparing foreign documents, exchanging for a bill of lading, inspection, customs declaration, and delivery to the designated location [3] - The typical time frame for customs clearance includes: 1 day for bill of lading exchange, 2 days for pre-declaration of inspection, 1 day for customs declaration, 2-3 days for disinfection and quarantine arrangements, and 1 day for waiting to pick up goods [5]

Core Insights - The Tianjin Port Second Container Terminal is recognized as the world's first "smart zero-carbon" terminal, redefining modern port operations through advanced automation and clean energy solutions [2][4][6] Group 1: Automation and Technology - The terminal utilizes AI-powered automated transport robots, which operate on pure electric power and can autonomously plan routes with a precision of within 10 centimeters [2] - The entire process from loading, transportation, to storage is fully automated, significantly enhancing operational efficiency while eliminating emissions from fuel-powered vehicles [2] Group 2: Clean Energy System - A comprehensive clean energy system supports the terminal's zero-carbon goal, featuring large wind turbines and solar panels that collectively generate over 60 million kilowatt-hours of clean electricity annually, sufficient for the terminal's operations with some surplus [4] - This clean energy initiative results in the savings of over 20,000 tons of standard coal and a reduction of more than 50,000 tons of carbon dioxide emissions each year [4] Group 3: Environmental Impact - Vessels docking at the port can connect to the terminal's green electricity, significantly reducing emissions equivalent to hundreds of cars per day [6] - The entire energy management, from equipment operation to energy dispatch, is integrated into a unified power control platform that automatically adjusts based on demand [6] Group 4: Broader Implications - The practices at Tianjin Port exemplify China's efforts in addressing climate change and transitioning towards sustainable development, showcasing that growth does not have to come at the expense of the environment [6]

Core Viewpoint - The implementation of the "Ship Routing System in the Central Waters of the Bohai Bay" starting January 1, 2026, aims to enhance navigation safety and efficiency in the Bohai Bay, supporting the coordinated development of the Beijing-Tianjin-Hebei region and the national transportation strategy [1][3]. Group 1: Implementation Details - The routing system will be effective for five years and covers key waters where the shipping lanes of Tianjin Port, Caofeidian Port, and Huanghua Port intersect, with a total length of approximately 19 nautical miles [1][3]. - The design combines an internationally recognized "lane-based navigation system" with "safety zones," creating an orderly structure from east to west [3]. Group 2: Economic Impact - The Bohai Bay's central-western ports have rapidly developed, with a total throughput of 1.5 billion tons and a merchant ship traffic volume of 100,000 vessels [3]. - The routing system is significant for advancing the Beijing-Tianjin-Hebei coordinated development strategy and establishing a world-class port cluster in the region [3]. Group 3: Regulatory Changes - Unlike the previous mandatory reporting system, the new routing system does not require mandatory reporting but mandates adherence to basic rules such as listening on VHF channels and avoiding random crossings [5]. - The system prohibits anchoring, fishing, and aquaculture within the designated waters to ensure smooth navigation and safety [5]. Group 4: Monitoring and Enforcement - The Tianjin Maritime Safety Administration has implemented a comprehensive monitoring system combining VTS (Vessel Traffic Service) and multi-dimensional patrols to ensure effective enforcement of the routing system [5]. - Since the trial implementation began on June 1, 2024, there has been a significant improvement in navigation order, with increased compliance rates and no reported maritime traffic accidents [5].

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 为优化资产结构，有效整合资源，天津港股份有限公司（以下简称"公司"）全资子公司天津港物流发 展有限公司（以下简称"物流发展"）在天津产权交易中心挂牌以2,252.43万元向天津开发区聚泰工贸有 限公司（以下简称 "聚泰工贸"）转让其持有的天津中铁储运有限公司（以下简称"中铁储运"）60%股 权。 ● 本次交易无需提交公司股东会审议，不构成《上市公司重大资产重组管理办法》规定的重大资产重 组，不涉及关联交易。 一、交易概述 （一）本次交易的基本情况 为优化资产结构，聚焦核心主业，防范运营管理风险，物流发展在天津产权交易中心挂牌转让其持有的 中铁储运60%股权，挂牌价格为2,252.43万元，最终股权转让价格2,252.43万元。 该事项已经公司十一届三次临时董事会会议审议通过，并已履行天津产权交易中心公开挂牌程序，具体 请见公司于2025年11月11日于上海证券交易所网站（www.sse.com.cn）及指定媒体上披露的《天津港股 份有限公司关于子公司出售天津中 ...

天津中铁储运有限公司股权进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 为优化资产结构，有效整合资源，天津港股份有限公司（以下简称"公司"）全资子公司天津港物流发 展有限公司（以下简称"物流发展"）在天津产权交易中心挂牌以2,252.43万元向天津开发区聚泰工贸有 限公司（以下简称 "聚泰工贸"）转让其持有的天津中铁储运有限公司（以下简称"中铁储运"）60%股 权。 ● 本次交易无需提交公司股东会审议，不构成《上市公司重大资产重组管理办法》规定的重大资产重 组，不涉及关联交易。 一、交易概述 证券代码：600717 证券简称：天津港 公告编号：临2025-035 天津港股份有限公司关于子公司出售 （一）本次交易的基本情况 为优化资产结构，聚焦核心主业，防范运营管理风险，物流发展在天津产权交易中心挂牌转让其持有的 中铁储运60%股权，挂牌价格为2,252.43万元，最终股权转让价格2,252.43万元。 该事项已经公司十一届三次临时董事会会议审议通过，并已履行天津产权交易中心公开挂牌程序，具体 请见 ...

Company News - Pacific Shipping (02343.HK) plans to acquire four newly built small handy bulk carriers for USD 119 million [2] - Xinyi Energy (03868.HK) intends to acquire 100% equity of Jinzhai Xinyi Wind Power for HKD 62 million [2] - Tianjin Port Development (03382.HK) proposes to sell 60% equity of China Railway Storage and Transportation for HKD 22.5243 million, primarily engaged in coal sales [2] - Valiant Bio-B (09887.HK) announced the successful administration of LBL-024, a PD-L1/4-1BB bispecific antibody, to the first patient in the Phase Ib/II clinical trial for platinum-resistant ovarian cancer [2] - Shandong Xinhua Pharmaceutical (00719.HK) has received a drug registration certificate for its Oseltamivir phosphate dry suspension [2] - Ziyuan Yuan (08223.HK) signed a strategic cooperation framework agreement with Pengfeng Technology to explore digital transformation and asset value enhancement in the traditional Chinese medicine industry [2] - Jiaxing Gas (09908) terminated its agreement with concerted action persons [2] Financing and Buyback Activities - Yihua Tong (02402.HK) completed a placement of 8.88 million shares, raising HKD 198 million, primarily for repaying bank loans [2] - Rungao Interactive (02422.HK) plans to place up to 160 million shares at a discount of approximately 19.44%, aiming to raise about HKD 68.6 million [2] - Tencent Holdings (00700.HK) repurchased 1.051 million shares for HKD 636 million, with prices ranging from HKD 602.5 to 613.5 [3] - Kuaishou-W (01024.HK) repurchased 2.7176 million shares for HKD 174 million, with prices between HKD 63.7 and 64.65 [3] - Xiaomi Group-W (01810.HK) repurchased 3.75 million shares for HKD 147 million, with prices from HKD 39.1 to 39.28 [4] - COSCO Shipping Holdings (01919) announced a repurchase of 4.7215 million shares for approximately HKD 65.4829 million [4] - Huaxin Cement (06655.HK) major shareholder Huaxin Group plans to increase its holdings in the company's A-shares by HKD 200 million to 400 million [4]

Core Viewpoint - The company has announced the sale of a 60% stake in China Railway Storage and Transportation to Jutai Industrial and Trade for RMB 22.5243 million, which will allow the company to focus on its core business areas and enhance its competitive edge in port logistics [1] Group 1 - The transaction involves the sale of 60% equity in China Railway Storage and Transportation, with a consideration of RMB 22.5243 million [1] - Following the completion of the sale, the company will no longer hold any indirect equity in China Railway Storage and Transportation, which will cease to be a subsidiary [1] - China Railway Storage and Transportation primarily engages in the sales of various types of coal [1] Group 2 - The sale is aimed at allowing the company to concentrate its management resources and operational focus on core areas such as port loading and logistics [1] - This strategic move is expected to enhance the core competitiveness and sustainable operational quality of the company's main business [1] - The decision aligns with the company's overall development plan and serves the interests of both the company and its shareholders [1]

Group 1 - The company Tianjin Port Development (03382.HK) announced the sale of its 60% stake in China Railway Storage and Transportation (中铁储运) through a public listing at the Tianjin Property Exchange, with a minimum listing price of RMB 22.5243 million [1] - The transaction agreement was signed on December 23, 2025, between the logistics development subsidiary and Jutai Industrial Trade, with the agreed sale price being RMB 22.5243 million [1] - Following the completion of the sale, the company will no longer hold any indirect stake in China Railway Storage and Transportation, resulting in the latter no longer being a subsidiary of the company [1]