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(has the meaning ascribed to it under the Listing Rules)Tj -0.025 Tw -13.083 -2.462 Td (\223Directors\224)Tj 0 Tw 13.083 0 Td (the directors of the Company)Tj -13.083 -2.462 Td (\223Domestic Share\(s\)\224)Tj 0.052 Tc 0.07 Tw 13.083 0 Td [(ordinary)12.2 ( shares)12.2 ( in)12.1 ( the)12.2 ( share)12.2 ( capital)12.2 ( of)12.1 ( the)12.2 ( Company,)27 ( )]TJ 0.073 Tc T* [(with)12.5 ( a)12.5 ( nominal)12.5 ( value)12.5 ( of)12.5 ( RMB)12.6 (1)12.5 (.)12.5 (0)12.6 (0)12.5 ( each,)12.5 ( which)12.5 ( are)48 ( )]TJ 0.063 Tc T* [(su)0.5 (bsc)0.5 (ribe)0.5 (d)12.9 ( f)0.5 (or)12.9 ( )0.5 (and)13 ( pa)0.5 (id)12.9 ( )0.5 (up)12.9 ( i)0.5 (n)12.9 ( R)0.5 (MB)12.9 ( )0.5 (by)12.9 ( )0.5 (PRC)12.9 ( )0.5 (nat)0.5 (ura)0.5 (l)38 ( )]TJ 0.025 Tc 0 Tw T* (persons or entities established under PRC laws)Tj -13.083 -2.462 Td (\223H Share\(s\)\224)Tj 0.089 Tc 0.07 Tw 13.083 0 Td [(Overseas)12.5 ( listed)12.4 ( shares)12.4 ( in)12.5 ( the)12.4 ( share)12.4 ( capital)12.5 ( of)12.4 ( the)64 ( )]TJ 0.025 Tc 0.033 Tw T* [(Company )0.5 (with a )0.5 (nominal )0.5 (value )0.5 (of RMB1.00 )0.5 (each )0.5 (in )0.5 (the )]TJ 0.055 Tw 0 -1.231 TD (share capital of the Company, listed on the Main Board )Tj 0 Tw 0 -1.231 TD (of the Stock Exchange and traded in Hong Kong dollars)Tj -13.083 -2.462 Td (\223HK$\224 or \223Hong Kong )Tj -0.025 Tw 1.003 -1.231 Td (dollars\224)Tj 0 Tw 12.08 1.231 Td (Hong Kong dollars, the lawful currency of Hong Kong)Tj -13.083 -3.692 Td (\223Hong Kong\224)Tj 0.047 Tc 0.07 Tw 13.083 0 Td [(t)0.5 (h)0.5 (e)13 ( )0.5 (H)0.5 (on)0.5 (g)13 ( )0.5 (K)0.5 (o)0.5 (n)0.5 (g)13 ( S)0.5 (p)0.5 (e)0.5 (c)0.5 (i)0.5 (a)0.5 (l)13 ( )0.5 (A)0.5 (dm)0.5 (i)0.5 (n)0.5 (i)0.5 (s)0.5 (t)0.5 (ra)0.5 (t)0.5 (i)0.5 (v)0.5 (e)13 ( )0.5 (R)0.5 (e)0.5 (gi)0.5 (o)0.5 (n)13 ( )0.5 (o)0.5 (f)13 ( )0.5 (t)0.5 (he)22 ( )]TJ 0.025 Tc -0.025 Tw T* (PRC)Tj ET endstreamendobj23 0 obj<>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 4 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm (REASONS FOR AND BENEFITS OF THE TRANSACTION)Tj /T1_0 1 Tf 0.025 Tw 0 -2.462 TD (The Company is principally engaged in comprehensive port-related service\s, including )Tj 0.037 Tc 0.071 Tw 0 -1.231 TD [(stevedoring,)12 ( )0.5 (berth)12 ( )0.6 (leasing,)12.1 ( port)12 ( )0.5 (management,)12 ( )0.5 (storage,)12 ( )0.5 (and)12 ( )0.5 (logistics)12 ( )0.5 (agency)12 ( )0.5 (services.)12 ( )]TJ 0.025 Tc 0.014 Tw T* (As at the date of this announcement, there are three imported cargo type\s that exceed a )Tj 0 Tw T* (million tonnes per year, namely, soybeans, woodchips and dried tapioca.)Tj 0.057 Tc 0.07 Tw 0 -2.462 TD [(In)12.5 ( order)12.6 ( to)12.6 ( meet)12.6 ( the)12.6 ( increasing)12.6 ( market)12.5 ( demand)12.6 ( for)12.6 ( maize,)12.6 ( the)12.6 ( Company)12.6 ( plans)12.5 ( to)32 ( )]TJ 0.058 Tc 0 -1.231 TD [(conduct)12.9 ( adaptive)12.9 ( reconstruction)12.9 ( of)12.9 ( the)12.9 ( pha)0.5 (se)12.9 ( two)12.9 ( bulk)12.9 ( gra)0.5 (in)12.9 ( silos)12.9 ( to)12.9 ( achieve)12.9 ( the)33 ( )]TJ 0.025 Tc 0.079 Tw T* (loading and unloading of maize from the West-2 berth and West-3 berth to\ the phase )Tj 0 Tw T* (two bulk grain silos. Upon the completion of the Project, each silo coul\d independently )Tj 0.045 Tw T* [(deliver maize )0.5 (to cargo owners, )0.5 (and hence, the )0.5 (utilization )0.5 (rate of silos and )0.5 (the capacity )]TJ 0 Tw T* (of maize loading and unloading could be enhanced.)Tj 0.05 Tc 0.07 Tw 0 -2.462 TD [(The)12.5 ( terms)12.5 ( of)12.5 ( the)12.6 ( Transaction)12.5 ( have)12.6 ( been)12.5 ( arrived)12.5 ( at)12.5 ( after)12.5 ( arm\222s)12.6 ( length)12.5 ( negotiations)25 ( )]TJ 0.025 Tc 0.001 Tw 0 -1.231 TD (between the parties. The Directors \(including the independent non-execu\tive Directors\) )Tj 0.046 Tc 0.07 Tw T* [(have)12.1 ( confirmed)12.1 ( that)12.1 ( the)12.1 ( Transaction)12.1 ( is)12.1 ( fair)12.1 ( and)12.1 ( reasonable,)12.1 ( on)12.1 ( normal)12.1 ( commercial)21 ( )]TJ 0.025 Tc 0.042 Tw T* (terms and in the ordinary and usual course of business of the Company, a\nd are in the )Tj 0 Tw T* (interests of the Company and its Shareholders as a whole.)Tj 0.042 Tc 0.07 Tw 0 -2.462 TD [(No)0.5 (ne)12.9 ( o)0.5 (f)12.9 ( t)0.5 (he)12.9 ( )0.5 (Dire)0.5 (ct)0.5 (ors)13 ( has)13 ( a)0.5 (ny)12.9 ( ma)0.5 (te)0.5 (ria)0.5 (l)12.9 ( in)0.5 (ter)0.5 (est)12.9 ( )0.5 (in)12.9 ( )0.5 (the)12.9 ( )0.5 (Tra)0.5 (nsa)0.5 (cti)0.5 (on,)12.9 ( )0.5 (and)12.9 ( )0.5 (none)13 ( o)0.5 (f)12.9 ( th)0.5 (e)17 ( )]TJ 0.027 Tc 0.081 Tw 0 -1.231 TD [(Directors)2 ( was)2 ( )0.5 (required)2 ( )0.5 (to)2 ( )0.5 (abstain)2 ( )0.5 (from)2 ( )0.5 (voting)2 ( )0.5 (on)2 ( )0.5 (the)2 ( )0.5 (board)2 ( )0.5 (resolutions)2.1 ( approving)2 ( the)2 ( )]TJ 0.025 Tc -0.025 Tw T* (Transaction.)Tj /T1_1 1 Tf 0 Tw 0 -2.462 TD (PARTICULARS OF THE PARTIES)Tj /T1_0 1 Tf 0.032 Tc 0.076 Tw T* [(The)7 ( )0.5 (Company,)7 ( )0.5 (a)7 ( )0.5 (joint)7 ( )0.5 (stock)7 ( )0.5 (company)7 ( )0.5 (incorporated)7 ( )0.5 (in)7 ( )0.5 (the)7 ( )0.5 (PRC)7 ( )0.5 (with)7 ( )0.5 (limited)7 ( )0.5 (liability,)7 ( )]TJ 0.03 Tc 0.078 Tw 0 -1.231 TD [(is)5 ( )0.5 (principally)5 ( )0.5 (engaged)5 ( )0.5 (in)5 ( )0.5 (comprehensive)5 ( )0.6 (port-related)5 ( )0.5 (services,)5 ( )0.5 (including)5 ( )0.5 (stevedoring,)5 ( )]TJ 0.025 Tc 0 Tw T* (berth leasing, port management, storage, and logistics agency services.)Tj 0.06 Tc 0.07 Tw 0 -2.462 TD [(S)0.5 (h)0.6 (a)0.5 (n)0.6 (d)0.5 (o)0.5 (n)0.6 (g)13 ( )0.5 (G)0.6 (a)0.5 (n)0.6 (g)0.5 (w)0.5 (a)0.6 (n)0.5 (,)13.1 ( )0.5 (a)13.1 ( )0.5 (c)0.5 (o)0.6 (m)0.5 (p)0.6 (a)0.5 (n)0.5 (y)13.1 ( )0.5 (e)0.6 (s)0.5 (t)0.5 (a)0.6 (b)0.5 (l)0.6 (i)0.5 (s)0.5 (h)0.6 (e)0.5 (d)13 ( )0.6 (i)0.5 (n)13 ( )0.6 (t)0.5 (h)0.6 (e)13 ( )0.6 (P)0.5 (R)0.5 (C)13.1 ( )0.5 (w)0.6 (i)0.5 (t)0.5 (h)13.1 ( )0.5 (l)0.6 (i)0.5 (m)0.5 (i)0.6 (t)0.5 (e)0.5 (d)13.1 ( )0.5 (l)0.5 (i)0.6 (a)0.5 (b)0.6 (i)0.5 (l)0.5 (i)0.6 (t)0.5 (y)0.5 (,)13.1 ( )0.5 (i)0.5 (s)35 ( )]TJ 0.025 Tc 0.059 Tw 0 -1.231 TD (principally engaged in construction projects, port and channel construct\ion, municipal )Tj 0.038 Tc 0.07 Tw T* [(public)12.3 ( utilities)12.3 ( construction,)12.2 ( steel)12.3 ( structures)12.3 ( construction)12.2 ( as)12.3 ( well)12.3 ( as)12.3 ( mechanical)12.3 ( and)12.9 ( )]TJ 0.025 Tc 0 Tw T* (electrical construction businesses.)Tj /T1_1 1 Tf 0 -2.462 TD (LISTING RULES IMPLICATIONS)Tj /T1_0 1 Tf 0.052 Tw 0 -2.462 TD [(Shandong )0.5 (Gangwan )0.5 (is )0.5 (wholly-owned )0.5 (by )0.5 (Rizhao )0.6 (Port )0.5 (Group, )0.5 (a )0.5 (controlling )0.5 (shareholder )]TJ 0.049 Tc 0.07 Tw 0 -1.231 TD [(of)12.9 ( the)12.8 ( )0.5 (Company,)12.9 ( and)12.9 ( is)12.9 ( hence)12.9 ( an)12.9 ( associate)12.9 ( of)12.8 ( Rizhao)12.9 ( Port)12.9 ( Group)12.9 ( and)12.9 ( a)12.9 ( conne)0.5 (cte)0.5 (d)23.9 ( )]TJ 0.025 Tc 0.03 Tw T* (person of the Company under the Listing Rules. Therefore, the Transactio\n constitutes )Tj 0.029 Tc 0.079 Tw T* [(a)4 ( )0.5 (connected)4 ( )0.5 (transaction)4 ( )0.5 (of)4 ( )0.5 (the)4 ( )0.5 (Company)4 ( )0.5 (under)4 ( )0.6 (Chapter)4 ( )0.5 (1)4 (4)4 (A)4 ( )0.5 (of)4 ( )0.6 (the)4 ( )0.5 (Listing)4 ( )0.5 (Rules.)4 ( )0.5 (As)4.1 ( )]TJ 0.024 Tc 0 Tw T* [(the highest of all applicable percentage ratios in respect of the Transa\ction is more than)-1 ( )]TJ 0.028 Tc 0.08 Tw T* [(0)3 (.)3 (1)3 (%)3 ( )0.5 (but)3 ( )0.5 (less)3 ( )0.5 (than)3 ( )0.5 (5)3 (%,)3 ( )0.5 (the)3.1 ( )0.5 (Transaction)3 ( )0.5 (is)3 ( )0.5 (subject)3 ( )0.5 (to)3 ( )0.5 (the)3 ( )0.5 (reporting)3 ( )0.5 (and)3 ( )0.5 (announcement)3 ( )]TJ 0.025 Tc 0.07 Tw T* (requirements but is exempt from the circular \(including independent fin\ancial advice\) )Tj 0 Tw T* (and Shareholders\222 approval requirements under Rule 14A.76 of the List\ing Rules.)Tj ET endstreamendobj21 0 obj<>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 3 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm (Project Schedule)Tj /T1_0 1 Tf 0.047 Tc 0.07 Tw 0 -2.462 TD [(The)12.5 ( duration)12.5 ( of)12.5 ( the)12.5 ( Project)12.5 ( shall)12.4 ( be)12.5 ( within)12.5 ( 1)12.4 (2)12.5 (0)12.5 ( days)12.4 ( after)12.5 ( the)12.5 ( signing)12.5 ( of)12.5 ( the)12.5 ( MEC)22 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (General Agreement for delivery and utilisation.)Tj /T1_1 1 Tf 0 -2.462 TD (Basis of Consideration)Tj /T1_0 1 Tf 0.021 Tw 0 -2.462 TD (The Consideration is RMB27,794,641, which was determined through a tende\r process )Tj 0.059 Tc 0.07 Tw 0 -1.231 TD [(with)12.2 ( due)12.3 ( regard)12.2 ( to)12.2 ( contractor\222s)12.3 ( tender)12.2 ( price,)12.2 ( financial)12.2 ( situation,)12.3 ( service)12.3 ( quality,)34 ( )]TJ 0.025 Tc 0 Tw T* (production and supply capacity, reputation and track record.)Tj /T1_1 1 Tf 0 -2.462 TD (Payment Terms)Tj /T1_0 1 Tf 0.069 Tc 0.07 Tw T* [(Th)0.5 (e)12.9 ( )0.5 (Co)0.5 (nsi)0.5 (der)0.5 (at)0.5 (ion)13 ( s)0.5 (ha)0.5 (ll)12.9 ( )0.5 (be)13 ( pa)0.5 (id)13 ( by)13 ( th)0.5 (e)12.9 ( )0.5 (Com)0.5 (pa)0.5 (ny)12.9 ( )0.5 (to)12.9 ( )0.5 (Sh)0.5 (and)0.5 (ong)13 ( G)0.5 (an)0.5 (gwa)0.5 (n)12.9 ( )0.5 (in)12.9 ( )0.5 (th)0.5 (e)44 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (following manner:)Tj 0 -2.462 TD (First instalment)Tj 0.034 Tc 0.074 Tw 9.812 0 Td [(1)9 (0)9 (%)9 ( )0.5 (of)9 ( )0.5 (the)9 ( )0.5 (Consideration,)9 ( )0.5 (which)9 ( )0.5 (shall)9 ( )0.5 (be)9 ( )0.5 (paid)9 ( )0.5 (within)8.9 ( )0.5 (3)9 (0)9 ( )0.5 (days)9 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (after the MEC General Agreement is signed.)Tj -9.812 -2.462 Td (Second instalment)Tj 0.083 Tc 0.07 Tw 9.812 0 Td [(2)12.9 (0)12.9 (%)12.9 ( of)12.9 ( the)12.9 ( Consideration,)12.9 ( whic)0.5 (h)12.8 ( shall)12.9 ( be)12.9 ( paid)12.9 ( when)12.9 ( the)58 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (unloading equipment achieved 50% of the Project progress.)Tj -9.812 -2.462 Td (Third instalment)Tj 0.078 Tc 0.07 Tw 9.812 0 Td [(3)12.3 (0)12.3 (%)12.3 ( of)12.3 ( the)12.3 ( Consideration,)12.3 ( which)12.3 ( shall)12.4 ( be)12.3 ( paid)12.3 ( within)12.3 ( 2)12.3 (0)53 ( )]TJ 0.051 Tc 0 -1.231 TD [(da)0.5 (ys)12.9 ( a)0.5 (fte)0.5 (r)12.9 ( th)0.5 (e)12.9 ( st)0.5 (eel)13 ( str)0.5 (uct)0.5 (ure)0.5 (s)12.9 ( ar)0.5 (e)12.9 ( s)0.5 (ubst)0.5 (anti)0.5 (ally)13 ( ava)0.5 (ila)0.5 (ble)12.9 ( )0.5 (for)26 ( )]TJ 0.068 Tc T* [(equipment)12.4 ( installation)12.4 ( and)12.4 ( the)12.4 ( main)12.4 ( equipment)12.4 ( \(including)42.9 ( )]TJ 0.032 Tc 0.076 Tw T* [(semi-air)7 ( )0.5 (cushion)7 ( )0.5 (belt)7 ( )0.5 (conveyor,)7 ( )0.5 (curved)7 ( )0.5 (scraper)7 ( )0.5 (conveyor,)7 ( )0.5 (dust)7 ( )]TJ 0.029 Tc 0.079 Tw T* [(suppression)4.1 ( )0.5 (hopper,)4.1 ( )0.5 (silo)4 ( )0.5 (buttress)4 ( )0.5 (folding)4 ( )0.5 (board,)4.1 ( )0.5 (dust)4 ( )0.5 (collector,)4 ( )]TJ 0.025 Tc 0 Tw T* (electronic belt scale and gate valve\) is delivered.)Tj -9.812 -2.462 Td (Fourth instalment)Tj 0.034 Tc 0.074 Tw 9.812 0 Td [(3)9 (7)9 (%)9 ( )0.5 (of)9 ( )0.5 (the)9 ( )0.5 (Consideration,)9 ( )0.5 (which)9 ( )0.5 (shall)9 ( )0.5 (be)9 ( )0.5 (paid)9 ( )0.5 (within)8.9 ( )0.5 (3)9 (0)9 ( )0.5 (days)9 ( )]TJ T* [(after)9 ( )0.5 (completion)9 ( )0.5 (certificate)9 ( )0.5 (\()]TJ /C0_0 1 Tf 0.025 Tc -0.025 Tw 12.611 0 Td <171503D703A508F815C708E3>Tj /T1_0 1 Tf 0.034 Tc 0.074 Tw [(\))9 ( )0.5 (is)9 ( )0.5 (signed)9 ( )0.5 (between)9 ( )]TJ 0.025 Tc 0 Tw -12.611 -1.231 Td (the Company and Shandong Gangwan.)Tj -9.812 -2.462 Td (Fifth instalment)Tj 0.044 Tc 0.07 Tw 9.812 0 Td [(3)12.2 (%)12.2 ( of)12.3 ( the)12.2 ( Consideration,)12.2 ( which)12.2 ( shall)12.2 ( be)12.2 ( paid)12.2 ( within)12.2 ( 3)12.2 (0)12.2 ( days)19 ( )]TJ 0.025 Tc 0 Tw T* (after the expiration of the warranty period of two years.)Tj -9.812 -2.335 Td (The Consideration shall be funded by the Company\222s internal resources\.)Tj ET endstreamendobj20 0 obj<>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 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