Core Points - The board of directors of Shanghai International Port (Group) Co., Ltd. held its 59th meeting on August 28, 2025, and approved several key proposals [1] - The company proposed a cash dividend distribution plan for the first half of 2025, distributing RMB 0.5 per 10 shares to all shareholders [2] - The board also approved the evaluation report of the "Quality Improvement and Efficiency Enhancement Return Action Plan" for the first half of 2025 [3] - The company agreed to sign a three-year framework agreement with COSCO Shipping Holdings for shipping and terminal services, with transaction limits set for the years 2026 to 2028 [4][5] Dividend Distribution - The proposed cash dividend is based on a total share capital of 23,281,365,262 shares as of June 30, 2025, with adjustments to be made if there are changes in share capital before the record date [2] - The proposal received unanimous support from the board with 10 votes in favor [2] Quality Improvement Plan - The board unanimously approved the evaluation report of the "Quality Improvement and Efficiency Enhancement Return Action Plan" for the first half of 2025, also receiving 10 votes in favor [3] Framework Agreement with COSCO - The framework agreement with COSCO Shipping Holdings includes a service limit of RMB 35 billion for each of the years 2026, 2027, and 2028 for services provided by the company [4] - The company will have a service limit of RMB 5 billion for each of the same years for services received from COSCO [5] - The proposal was supported by independent directors and received 9 votes in favor, with one related party abstaining from the vote [5]

Core Viewpoint - The company has proposed a cash dividend distribution plan for the first half of 2025, aiming to distribute RMB 0.5 per 10 shares, totaling approximately RMB 1.164 billion, subject to shareholder approval [4][34][36]. Group 1: Company Overview - The company is Shanghai International Port Group, with a total share capital of 23,281,365,262 shares as of June 30, 2025 [4][34]. - The company reported a net profit attributable to shareholders of RMB 8.04 billion for the first half of 2025, with the parent company achieving a net profit of RMB 4.12 billion [34][36]. Group 2: Profit Distribution Plan - The proposed profit distribution plan involves a cash dividend of RMB 0.5 per 10 shares, amounting to a total of RMB 1.164 billion based on the current total share capital [4][34][36]. - The plan is subject to approval at the upcoming shareholders' meeting [36][38]. Group 3: Board and Supervisory Committee Decisions - The board of directors unanimously approved the profit distribution plan with 10 votes in favor and no objections [5][37]. - The supervisory committee also reviewed and approved the profit distribution plan with 4 votes in favor [38]. Group 4: Related Transactions - The company has signed a three-year framework agreement with China COSCO Shipping Holdings for shipping and terminal services, with annual transaction limits set at RMB 35 billion for services provided to COSCO and RMB 5 billion for services received [11][19][20]. - The agreement is considered a normal business operation and is not expected to adversely affect the company's independence or ongoing operations [30].