TIANJIN PORT GROUP, XIAMEN PORT HOLDING GROUP AND ZHONGGU SHIPPING GROUP SIGNED A STRATEGIC COOPERATION FRAMEWORK AGREEMENT
On May 20, 2020, Tianjin Port Group (天津港集團) (the Controlling Shareholder of Tianjin Port Development Holdings Limited, which holds 53.5% equity interest of the Company) and Xiamen Port Holding Group (廈門港務控股集團) signed the "Comprehensive Strategic Cooperation Framework Agreement for Construction of World-Class Ports". The two parties will make use of their respective geographical advantages and resource advantages, strengthen the comprehensive hub port functions and comprehensively elevate the quality development of ports by strengthening cooperation on various aspects, such as "Two ports One shipping" route development, "Silk Road Shipping" brand building, intelligent green port construction, supply chain business cooperation, capital operations and personnel exchanges to establish closer strategic partnerships, in other to better serve the national strategies, such as “Belt and Road”, Jing-Jin-Ji collaborative development, construction of Xiong’an New Area and the core area of the 21st Century Maritime Silk road. All of these measures can benefit the construction of Tianjin Port to be a world-class intelligent and green port, Xiamen Port to be the southeast international shipping center and the hub port in the core area of maritime silk road, with an aim to contribute to China’s economic development and maintain stability of the global industrial supply chain, enhance global resource allocation and strategic innovation capabilities.
At the same time, Tianjin Port Group (天津港集團), Xiamen Port Holding Group (廈門港務控股集團) and Zhonggu Shipping Group (中谷海運集團) signed the "Two Ports One Shipping Strategic Cooperation Framework Agreement”. The three parties will make use of their unique advantages in their respective geographical and business areas, further promote business cooperation between the ports, such as accelerate in-depth cooperation of the "Two Ports One Shipping", establish long-term strategic partnerships, jointly construct the transportation and trade channels between Tianjin and Xiamen ports with an aim to elevate competitiveness and business growth of all parties and promote regional economic development.
Chen Zhiping, Party Secretary and Chairman of Xiamen Port Holding Group, Chu Bin, Party Secretary and Chairman of Tianjin Port Group and the Board Chairman of Tianjin Port Development Holdings Limited, Jiao Guangjun, Deputy Party Secretary and President of Tianjin Port Group and the Board Chairman of Tianjin Port Holdings Co., Ltd., Luo Xunjie, Vice President of Tianjin Port Group and Managing Director of Tianjin Port Development Holdings Limited, Xu Xubo, Vice President of Tianjin Port Group attended the signing ceremony.