On October 7, Beibu Gulf Port Co., Ltd. (hereinafter referred to as “Beibu Gulf Port” or the “Company”) announced that it is planning to acquire 100% equity in Guangxi Pilot Free Trade Zone Qinzhou Port Area Henggang Wharf Co., Ltd. (abbreviated as “Henggang Wharf”) from Guangxi Beibu Gulf International Port Group and Qinzhou Port Construction Investment by issuing shares and paying cash, and to raise supporting funds.

This transaction is expected to constitute a related-party transaction and is not expected to constitute a major asset restructuring or a restructuring and listing. The Company’s shares will be suspended from trading from the opening of trading on October 8, 2026, and it is expected that the transaction plan will be disclosed within no more than 10 trading days.

According to the announcement, Beibu Gulf Port has signed an Acquisition Intent Agreement with the counterparties to the transaction, reaching a preliminary intention regarding the transaction. The final transaction plan, transaction pricing basis, performance compensation arrangements, share lock-up arrangements, default clauses, etc., will be determined in a formal agreement to be separately signed by the parties to the transaction.

However, the transaction is still at the planning stage, the transaction parties have not yet signed a formal transaction agreement, and the specific transaction plan is still under discussion and assessment.