• TIANJIN PORT GROUP AND HEBEI PORT GROUP SIGNED AN AGREEMENT TO CREATE AN UPGRADED VERSION OF THE COMPREHENSIVE STRATEGIC COOPERATION DEVELOPMENT OF THE PORTS IN TIANJIN AND HEBEI

    On April 8, 2020, Tianjin Port Group (天津港集團) (the Controlling Shareholder of Tianjin Port Development Holdings Limited, holds 53.5% equity interest of the Company) and Hebei Port Group (河北港口集團) jointly signed the Comprehensive Strategic Cooperation Agreement in order to accelerate the development of an upgraded version of comprehensive coordination development of the Ports in Tianjin and Hebei. The agreement laid out the framework of promoting of the Port of Tianjin as the core and the Ports of Hebei as the two wings of a safe, green and highly efficient world-class port conglomerate with reasonable layout, clear division of work and complementary functions. Cao Ziyu, Party Secretary and Chairman of Heibei Port 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, Liu Qingshun, Vice President of Tianjin Port Group and Vice Chairman of Tianjin Port Holdings Co., Ltd. attended the signing ceremony.