Core Viewpoint - The announcement highlights that Chizhou Port Yanhang Holding Group Co., Ltd., a subsidiary of the company with a 72% indirect ownership, has been recognized as a high-tech enterprise, which will allow it to benefit from tax incentives for three consecutive fiscal years [1] Group 1 - Chizhou Port Yanhang Holding Group Co., Ltd. received the high-tech enterprise certification from the National High-tech Enterprise Recognition Management Work Leading Group Office [1] - The qualification is valid for three years, from 2025 to 2027 [1] - The company will enjoy a corporate income tax rate of 15% for three consecutive fiscal years starting from 2025 [1]

Core Viewpoint - The company, Chizhou Port Yanhang Holding Group Co., Ltd., a subsidiary of Yuanhang Port (85,02), has been recognized as a high-tech enterprise, which will allow it to benefit from tax incentives for three consecutive fiscal years [1] Group 1 - The recognition was announced by the National High-tech Enterprise Recognition Management Work Leading Group Office on November 24, 2025 [1] - The qualification as a high-tech enterprise is valid for three years [1] - Chizhou Port Holding will pay corporate income tax at a rate of 15% from 2025 to 2027, benefiting from national tax policies for high-tech enterprises [1]

根據全國高新技術企業認定管理工作領導小組辦公室於二零二五年十一月二十四 日發佈的5對安徽省認定機構2025年認定報備的第一批高新技術企業進行備案的 公告4，池州港遠航控股集團有限公司（「池州港控股」）（ 本公司之間接擁有72 %權 益的附屬公司 ）被認定為高新技術企業。資格有效期為三年。 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 之 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：8502） 自願性公告 認定為高新技術企業 本公告乃由遠航港口發展有限公司（「本公司」）自願作出。 – 1 – 於 本 公 告 日 期 ， 執 行 董 事 為 桂 四 海 先 生 及 黃 學 良 先 生 ； 非 執 行 董 事 為 張 惠 峰 女 士；以及獨立非執行董事為聶睿先生、張詩敏先生及鄭彥斌先生。 本公告的資料乃遵照香港聯合交易所有限公司（「聯交所」）GEM證券上市規則而刊 載，旨在提供有關本公司的資料 ...

Core Viewpoint - Qingdao Port's import and export cargo throughput from Japan accounts for less than 3% of the company's total cargo throughput [1] Group 1 - The company has indicated that its cargo throughput from Japan is minimal, representing a small fraction of overall operations [1]

Core Viewpoint - The news highlights the performance and operational aspects of Chongqing Port, emphasizing its strategic position in the logistics and transportation industry, particularly in relation to national initiatives like the Belt and Road and regional economic development. Company Overview - Chongqing Port Co., Ltd. is primarily engaged in port transshipment and comprehensive logistics services, including loading and unloading, cargo agency, and trade logistics [2][7] - The company has a strong port terminal capacity and has developed specialized terminals for containers, general cargo, and chemicals, leading in cargo throughput in the southwestern region of China [2][3] - As a state-owned enterprise, it is ultimately controlled by the Chongqing State-owned Assets Supervision and Administration Commission [3] Business Strategy - The company leverages its port facilities to integrate multimodal transport (rail, road, and water) and focuses on a major client strategy, enhancing trade logistics and supply chain logistics [2][3] - Chongqing's geographical position is pivotal for major national strategies, serving as a crucial hub for connectivity between eastern and western China, as well as northern and southern regions [3] Financial Performance - For the period from January to September 2025, Chongqing Port reported a revenue of 3.281 billion yuan, a year-on-year decrease of 5.10%, and a net profit attributable to shareholders of 48.1743 million yuan, down 35.43% year-on-year [7] - The company has distributed a total of 799 million yuan in dividends since its A-share listing, with 148 million yuan distributed over the past three years [8] Market Activity - On November 25, the stock price of Chongqing Port increased by 1.39%, with a trading volume of 40.1828 million yuan and a turnover rate of 0.67%, bringing the total market capitalization to 6.041 billion yuan [1] - The stock has seen a net inflow of 1.8957 million yuan from major investors today, with no significant trend in major holdings observed [4][5]

Core Insights - Morocco's Ministry of Equipment and Water Resources plans to implement large-scale investments in the fiscal year 2026 to address challenges posed by climate change [1] - The total investment scale is projected to reach $5.87 billion, including $4.05 billion in committed funds and $1.83 billion in disbursed funds [1] Investment Allocation - Water resources are prioritized, with $1.1 billion in disbursed funds and $1.71 billion in committed funds, highlighting water security as a core national strategy [2] - The road program has the highest committed funds at $1.62 billion, with $390 million in disbursed funds, aimed at ensuring continuity in structural road projects and network expansion [2] - The port program allocates $290 million in disbursed funds and $690 million in committed funds, focusing on major port projects along the Atlantic and Mediterranean coasts [2] - The meteorological program has $5.1 million in disbursed funds and $6.3 million in committed funds, aimed at modernizing forecasting and warning systems [2]

Core Insights - Shanghai South Port has achieved a historic milestone with its automotive throughput exceeding one million units for the first time, reaching 1.01 million units as of yesterday, surpassing the total throughput for the entire previous year [1] Group 1: Automotive Throughput - The automotive throughput at Shanghai South Port has reached 1.01 million units in 2025, which is higher than the total throughput for the previous year [1] - The port has seen significant activity with multiple large roll-on/roll-off vessels docking, including the Panama-flagged "Claire" carrying over 1,980 vehicles to Iquique, Chile [1] Group 2: Export and Import Statistics - The total volume of imported and exported vehicles at the port has reached 614,000 units this year, reflecting a year-on-year increase of over 40%, with exports growing by 37% [1] - More than 100,000 imported vehicles have been transshipped through the port, marking an 11% increase compared to last year [1] Group 3: Future Developments - The second phase of the South Port has begun trial operations for foreign trade roll-on/roll-off vessels, which is expected to further increase the throughput of ships and personnel once fully operational [1]

Core Insights - The Southeast Asia heavy-lift container ship has commenced its maiden voyage from Suzhou Port Taicang Port Area, carrying nearly 100,000 cubic meters of "Made in China" goods to Indonesia's Gresik and Jakarta ports, operating on a bi-weekly schedule [1] - Suzhou Port is strategically located at the Yangtze River estuary, boasting the highest number of shipping routes along the Yangtze, serving as a critical support for the outward-oriented economy [1][2] Group 1: Port Development and Operations - By 2025, Suzhou Port aims to enhance its shipping network, focusing on customized services and increasing coverage for both domestic and foreign trade, with a target of completing 1.9 million TEUs in collaboration with Shanghai [2] - The port's integrated service platform will streamline operations, allowing for a unified login for business transactions across various port areas [2] - The port's container throughput is expected to exceed 10 million TEUs by 2024, making it the first inland port in China to achieve this milestone, with a projected growth of over 60% compared to the end of the 13th Five-Year Plan [2] Group 2: Trade and Economic Impact - Suzhou Port has accelerated its transformation into a trade hub, focusing on various commodities, and has established itself as the largest automobile export port and grain oil import port along the Yangtze River [3] - The port's foreign trade "new three samples" are expected to exceed 800,000 TEUs by 2025, with a year-on-year growth of over 50%, including over 12,000 TEUs of energy storage cabinets exported [3] - The main revenue from trade has increased from 100.5 billion yuan at the end of the 13th Five-Year Plan to 200 billion yuan, with an average annual growth rate of 19.8% [3] Group 3: Business Environment and Support - Suzhou Port has established a rapid response mechanism for enterprises, enhancing customs clearance efficiency and providing green channels for key commodities [4] - The port has implemented measures to support local foreign trade enterprises, including waiving storage fees for over 5,000 TEUs and ensuring that no export containers are left behind [4] - The port authority aims to leverage its geographical advantages to enhance global connectivity and support high-quality development in Suzhou [4]

Core Insights - The event "Digital Intelligence Integration: Breaking the Supply Chain Bottleneck for Trade and Commerce Enterprises" highlights the importance of digital and intelligent transformation in the supply chain as a key driver for high-quality economic development in the context of the global digital economy [1][4] - The event gathered around 180 guests, including experts from national ministries, renowned scholars, industry leaders, and corporate representatives, facilitating deep exchanges on policies, technologies, models, and practical cases [1][2] Policy and Macro Trends - The event featured authoritative interpretations of national policies and macro trends in the industry, providing clear development directions for participating enterprises [2] - Experts from the Ministry of Commerce analyzed the latest national policies, including the "Special Action Plan for Accelerating the Development of Intelligent Supply Chains," clarifying the strategic intentions and specific deployments at the national level to enhance supply chain intelligence and efficiency [2] - The Wuhan Municipal Bureau of Commerce promoted policies for modern commercial circulation system pilot cities, guiding local enterprises to accelerate their digital and intelligent transformation [2] Case Studies and Practical Applications - The event included high-level dialogues and the release of typical case studies, achieving deep integration and experience sharing among government, enterprises, research, and application [3] - Two high-level dialogues focused on current industry pain points: one on building a digital ecosystem for trade and commerce, and the other on cross-industry digital collaboration [3] - Ten national supply chain innovation and application demonstration enterprises, including Zhongbai Group and Jiuzhoutong Pharmaceutical Group, presented their digital supply chain transformation cases, providing referenceable "Hubei experience" and "Wuhan solutions" for peers [3] Strategic Importance - The successful hosting of this event is a significant measure for Wuhan to actively respond to the national digital economy development strategy and accelerate the construction of a modern circulation system [4] - By establishing a high-end exchange platform that connects government, enterprises, research, and application, the event strengthens Wuhan's position and influence as a national trade and logistics hub [4] - Wuhan aims to continue leveraging digital intelligence integration as an engine to lead and advance the rise of the central region in the future [4]

Group 1: Digital Economy Development - The 20th China Economic Forum highlighted the rapid development of China's digital economy over the past decade, emphasizing the integration of data elements, artificial intelligence, and the real economy as key drivers for high-quality development [6][7][8] - The forum introduced the "Digital Asset Service Platform Strategic Cooperation Partner Development Plan," showcasing the achievements of mainstream media in digital transformation [7] - Experts noted the importance of overcoming barriers to maximize the multiplier effect of data elements, enhancing industrial efficiency, and accelerating innovation [7][8] Group 2: Marine Economy Insights - The "Towards a Strong Ocean Economy: New Perspectives" forum discussed the high-quality development of the marine economy, with a focus on technological innovation and comprehensive governance [11][12] - The marine economy has shown continuous growth, with the national marine production value projected to reach 10.5 trillion yuan in 2024, reflecting a 5.9% increase year-on-year [11] - Experts emphasized the need for sustainable development in the marine economy, addressing challenges such as resource depletion and environmental pollution [13][14] Group 3: Global Trade and Outbound Strategies - The "Global Economic and Trade New Pattern: Opportunities and Challenges for Going Global" forum focused on the strategies of Chinese enterprises in the context of a rapidly changing global trade landscape [16][17] - In the first three quarters of the year, China's goods trade imports and exports reached 33.61 trillion yuan, with exports growing by 7.1% [16] - The forum highlighted the shift of Chinese enterprises from merely exporting products to building brands and participating in global value chains [16][17]