Guohui Capital

Zhuhai Port Group and its parent Zhuhai Communications Group signed an agreement to transfer 604 million shares (15.50% of total shares) of Tongyu Heavy Industry to Guohui Capital for CNY 2.22 per share, total CNY 1.341 billion. Additionally, voting rights of 188 million shares (4.83%) are entrusted to Guohui Capital for 36 months. After the transaction, Guohui Capital will become the controlling shareholder, and the actual controller will become Shandong SASAC.