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(Operating Outsourcing Agreement and the transactions contemplated thereu\nder. Save )Tj 0.028 Tc 0.08 Tw 0 -1.231 TD [(as)3 ( )0.5 (disclosed)3 ( )0.5 (above,)3 ( )0.5 (none)3.1 ( )0.5 (of)3 ( )0.6 (the)3 ( )0.5 (Directors)3 ( )0.5 (have)3 ( )0.5 (any)3 ( )0.5 (material)3 ( )0.5 (interest)3 ( )0.5 (in)3 ( )0.5 (the)3 ( )0.5 (Operating)3 ( )]TJ 0.073 Tc 0.07 Tw 0 -1.231 TD [(Outsourcing)12.3 ( Agreement)12.3 ( and)12.3 ( the)12.4 ( transactions)12.4 ( contemplated)12.4 ( thereunder)12.4 ( or)12.4 ( were)48 ( )]TJ 0.025 Tc 0 Tw T* (otherwise required to abstain from voting in respect of the relevant boa\rd resolutions.)Tj /T1_1 1 Tf 0 -2.462 TD (LISTING RULES IMPLICATIONS)Tj /T1_0 1 Tf 0.055 Tc 0.07 Tw T* [(As)12.4 ( at)12.4 ( the)12.4 ( date)12.4 ( of)12.4 ( this)12.4 ( announcement,)12.5 ( Lanshan)12.5 ( Branch)12.4 ( of)12.5 ( Rizhao)12.4 ( Port)12.4 ( is)12.4 ( a)12.4 ( branch)30 ( )]TJ 0.086 Tc 0 -1.231 TD [(o)0.5 (f)12.9 ( )0.5 (R)0.5 (iz)0.5 (h)0.5 (ao)13 ( )0.5 (Po)0.5 (r)0.5 (t,)13 ( )0.5 (wh)0.5 (i)0.5 (ch)13 ( )0.5 (is)13 ( )0.5 (a)13 ( c)0.5 (on)0.5 (t)0.5 (ro)0.5 (l)0.5 (li)0.5 (n)0.5 (g)12.9 ( )0.5 (s)0.5 (ha)0.5 (r)0.5 (eh)0.5 (o)0.5 (ld)0.5 (e)0.5 (r)12.9 ( )0.5 (o)0.5 (f)12.9 ( )0.5 (t)0.5 (he)13 ( )0.5 (Co)0.5 (m)0.5 (pa)0.5 (n)0.5 (y,)13 ( )0.5 (ho)0.5 (l)0.5 (di)0.5 (ng)61 ( )]TJ 0.025 Tc 0.067 Tw T* (approximately 50.6% of the total issued share capital of the Company, an\d hence is a )Tj 0.016 Tw T* (connected person of the Company under the Listing Rules. Therefore, the \entering into )Tj 0.025 Tw T* [(of the )0.5 (Operation Outsourcing )0.5 (Agreement and )0.5 (the transactions )0.5 (contemplated )0.5 (thereunder )]TJ 0.032 Tc 0.076 Tw T* [(constitutes)7 ( )0.5 (continuing)6.9 ( )0.5 (connected)7 ( )0.5 (transactions)6.9 ( )0.6 (of)7 ( )0.5 (the)7 ( )0.5 (Company)7 ( )0.5 (under)7 ( )0.5 (Chapter)7 ( )0.5 (1)7 (4)7 (A)7.1 ( )0.5 (of)7 ( )]TJ 0.025 Tc 0 Tw T* (the Listing Rules.)Tj 0.04 Tc 0.07 Tw 0 -2.462 TD [(As)12 ( the)12.1 ( highest)12 ( of)12 ( all)12.1 ( applicable)12.1 ( percentage)12.1 ( ratios)12.1 ( in)12.1 ( respect)12.1 ( of)12 ( the)12.1 ( proposed)12 ( annual)15 ( )]TJ 0.041 Tc 0 -1.231 TD [(caps)12.6 ( under)12.6 ( the)12.7 ( Operation)12.6 ( Outsourcing)12.7 ( Agreement)12.6 ( is)12.7 ( higher)12.7 ( than)12.6 ( 0)12.6 (.)12.7 (1)12.6 (%)12.7 ( but)12.7 ( less)12.7 ( than)16 ( )]TJ 0.026 Tc 0.082 Tw 0 -1.231 TD [(5)1 (%)1 ( )0.5 (on)1 ( )0.5 (an)1.1 ( a)0.5 (nnual)1 ( )0.5 (ba)0.5 (sis,)1 ( )0.5 (the)1 ( )0.5 (Op)0.5 (eratio)0.5 (n)0.9 ( )0.5 (O)0.5 (utsourc)0.5 (ing)1 ( )0.5 (Agre)0.5 (ement)1 ( )0.5 (is)1 ( )0.5 (s)0.5 (ubject)1 ( )0.5 (to)1 ( )0.5 (r)0.5 (eporting)0.5 (,)0.9 ( )]TJ 0.025 Tc 0.008 Tw T* (annual review and announcement requirements but exempt from the circular\ \(including )Tj 0.044 Tc 0.07 Tw T* [(independent)12.7 ( financial)12.7 ( advice\))12.7 ( and)12.6 ( shareholders\222)12.7 ( approval)12.7 ( requirements)12.7 ( pursuant)12.6 ( to)19 ( )]TJ 0.025 Tc 0 Tw T* (Rule 14A.76\(2\) of the Listing Rules.)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 18.7502 Tm (\226 3 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.0055 Tm (HISTORICAL AMOUNTS)Tj /T1_0 1 Tf 0.029 Tc 0.079 Tw 0 -2.462 TD [(During)4 ( )0.5 (the)4 ( )0.5 (period)4 ( )0.5 (from)4 ( )0.6 (1)4 ( )0.5 (January)4 ( )0.5 (2)4 (0)4 (1)4 (9)4.1 ( )0.5 (and)4 ( )0.6 (up)4 ( )0.5 (to)4 ( )0.5 (the)4 ( )0.5 (date)4 ( )0.5 (of)4 ( )0.5 (this)4.1 ( )0.5 (announcement,)4.1 ( )0.5 (the)4 ( )]TJ 0.025 Tc 0.053 Tw 0 -1.231 TD (historical transaction amounts with Lanshan Branch of Rizhao Port in rel\ation to such )Tj 0 Tw T* (stevedoring, storage and delivery services were nil.)Tj /T1_1 1 Tf 0 -2.462 TD (PROPOSED ANNUAL CAPS)Tj /T1_0 1 Tf 0.056 Tc 0.07 Tw 0 -2.462 TD [(Th)0.5 (e)12.9 ( )0.5 (pro)0.5 (pose)0.5 (d)12.9 ( )0.5 (ann)0.5 (ua)0.5 (l)12.9 ( c)0.5 (ap)0.5 (s)12.9 ( fo)0.5 (r)12.9 ( )0.5 (the)13 ( t)0.5 (ran)0.5 (sac)0.5 (tio)0.5 (ns)12.9 ( )0.5 (co)0.5 (nte)0.5 (mpl)0.5 (ate)0.5 (d)12.9 ( u)0.5 (nde)0.5 (r)12.9 ( )0.5 (the)13 ( O)0.5 (per)0.5 (ati)0.5 (on)31 ( )]TJ 0.025 Tc 0.064 Tw 0 -1.231 TD [(Outsourcing )0.5 (Agreement )0.5 (for )0.5 (the )0.5 (period )0.5 (from )0.5 (18 )0.5 (November )0.5 (2019 )0.5 (to )0.5 (31 )0.5 (December )0.5 (2019 )]TJ 0 Tw T* (and for the financial year ending 31 December 2020 are set out as follow\s:)Tj /T1_1 1 Tf 26.803 -2.462 Td (For the )Tj -2.1 -1.231 Td (period from )Tj -0.555 -1.231 Td (18 November )Tj 2.71 -1.231 Td (2019 to )Tj -2.598 -1.231 Td (31 December )Tj -0.025 Tw 3.756 -1.231 Td (2019)Tj 0 Tw 5.765 3.692 Td (For the )Tj -1.99 -1.231 Td (year ending )Tj -0.553 -1.231 Td (31 December )Tj -0.025 Tw 3.756 -1.231 Td (2020)Tj /T1_0 1 Tf 13 0 3.4833 13 416.9911 488.0055 Tm (RMB)Tj 6.978 0 Td (RMB)Tj 0 Tw 13 0 0 13 56.6929 456.0055 Tm (Provision of stevedoring, storage and delivery services )Tj 1.003 -1.231 Td (by Lanshan Branch of Rizhao Port)Tj -0.025 Tw 24.363 0 Td (10,000,000)Tj 6.978 0 Td (25,000,000)Tj 0.04 Tw -32.343 -2.335 Td (The proposed annual caps for the amount payable by the Company to Lansha\n Branch )Tj 0.042 Tc 0.07 Tw T* [(of)12.6 ( Rizhao)12.5 ( Port)12.5 ( were)12.6 ( determined)12.5 ( with)12.5 ( reference)12.5 ( to)12.6 ( \(a\))12.6 ( the)12.5 ( existing)12.6 ( demand)12.6 ( for)12.6 ( such)17.1 ( )]TJ 0.025 Tc 0.076 Tw T* [(services; )0.5 (and \(b\) )0.5 (the )0.5 (anticipated )0.5 (increase )0.5 (in )0.5 (the )0.5 (demand for )0.5 (such )0.5 (services, )0.5 (taking )0.5 (into )]TJ 0.044 Tc 0.07 Tw T* [(account)12.8 ( the)12.8 ( anticipated)12.9 ( growth)12.8 ( and)12.8 ( development)12.8 ( of)12.8 ( the)12.8 ( scale)12.8 ( and)12.8 ( operations)12.8 ( of)12.9 ( the)19.1 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (grain import business of the Company.)Tj /T1_1 1 Tf 0 -2.462 TD (INFORMATION OF THE PARTIES)Tj /T1_0 1 Tf 0.032 Tc 0.076 Tw T* [(The)7 ( )0.6 (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 0.042 Tc 0.07 Tw 0 -2.462 TD [(Lanshan)12.6 ( Branch)12.6 ( of)12.6 ( Rizhao)12.5 ( Port,)12.5 ( a)12.6 ( branch)12.6 ( of)12.6 ( Rizhao)12.6 ( Port,)12.6 ( is)12.6 ( principally)12.6 ( engaged)12.6 ( in)17.1 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (cargo transshipping, stevedoring, handling)Tj /T1_1 1 Tf 0 Tc 13 0 3.4833 13 291.6791 201.6565 Tm ( )Tj /T1_0 1 Tf 0.025 Tc 13 0 0 13 295.2542 201.6565 Tm (and storage services and operation.)Tj ET endstreamendobj19 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 2 \226)Tj 13 0 0 13 56.6929 776.3179 Tm (The principal terms of the Operation Outsourcing Agreement are set out a\s follows:)Tj /T1_1 1 Tf -0.025 Tw 0 -2.462 TD (Date)Tj /T1_0 1 Tf 0 Tw T* (18 November 2019 \(after trading hours\))Tj /T1_1 1 Tf -0.025 Tw T* (Parties)Tj /T1_0 1 Tf 0 Tw 0 -2.462 TD [(\(a\) )-720.5 (The Company; and)]TJ 0.076 Tc 0.07 Tw 0 -2.462 TD [(\()51 (b)51 (\))51 ( )-543.5 (L)0.5 (a)0.5 (n)0.5 (sh)0.5 (a)0.5 (n)12.9 ( )0.5 (B)0.5 (ra)0.5 (n)0.5 (c)0.5 (h)12.9 ( )0.5 (o)0.5 (f)13 ( R)0.5 (i)0.5 (zh)0.5 (a)0.5 (o)12.9 ( )0.5 (P)0.5 (or)0.5 (t)0.5 (,)12.9 ( )0.5 (a)13 ( )0.5 (br)0.5 (a)0.5 (n)0.5 (ch)13 ( )0.5 (of)13 ( )0.5 (R)0.5 (iz)0.5 (h)0.5 (ao)13 ( )0.5 (Po)0.5 (r)0.5 (t)0.5 (,)12.9 ( )0.5 (t)0.5 (he)13 ( )0.5 (co)0.5 (n)0.5 (tr)0.5 (o)0.5 (ll)0.5 (i)0.5 (n)0.5 (g)51 ( )]TJ 0.025 Tc 0 Tw 2.181 -1.231 Td (shareholder of the Company, and hence a connected person of the Company.\)Tj /T1_1 1 Tf -0.025 Tw -2.181 -2.462 Td (Term)Tj /T1_0 1 Tf 0 Tw T* (From 18 November 2019 to 31 December 2020)Tj /T1_1 1 Tf T* (Nature of transaction)Tj /T1_0 1 Tf 0.059 Tc 0.07 Tw T* [(Pursuant)12.6 ( to)12.5 ( the)12.6 ( Operation)12.5 ( Outsourcing)12.5 ( Agreement,)12.5 ( the)12.6 ( Company)12.6 ( may)12.5 ( from)12.6 ( time)34.1 ( )]TJ 0.042 Tc 0 -1.231 TD [(to)12.7 ( time)12.7 ( engage)12.7 ( Lanshan)12.7 ( Branch)12.7 ( of)12.7 ( Rizhao)12.7 ( Port)12.7 ( to)12.8 ( provide)12.7 ( stevedoring,)12.7 ( storage)12.7 ( and)17 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (delivery services of grains cargo, in Lanshan port area.)Tj /T1_1 1 Tf 0 -2.462 TD (Pricing policy)Tj /T1_0 1 Tf 0.044 Tc 0.07 Tw T* [(The)12.6 ( fee)12.6 ( charged)12.6 ( for)12.6 ( the)12.7 ( services)12.7 ( provided)12.6 ( by)12.6 ( Lanshan)12.6 ( Branch)12.6 ( of)12.6 ( Rizhao)12.6 ( Port)12.6 ( shall)19 ( )]TJ 0.032 Tc 0.076 Tw 0 -1.231 TD [(be)7 ( )0.5 (determined)7 ( )0.5 (through)7 ( )0.5 (arm\222s)7 ( )0.5 (length)7.1 ( )0.5 (negotiations)7 ( )0.5 (by)7 ( )0.5 (the)7 ( )0.5 (parties)7 ( )0.5 (and)7 ( )0.5 (based)6.9 ( )0.5 (on)7 ( )0.5 (normal)7 ( )]TJ 0.029 Tc 0.079 Tw T* [(commercial)4 ( )0.5 (terms)4 ( )0.5 (with)4 ( )0.5 (reference)4.1 ( )0.5 (to)4 ( )0.5 (\(a\))4 ( )0.5 (the)4 ( )0.6 (specific)4.1 ( )0.5 (type)4 ( )0.5 (of)4 ( )0.5 (cargo)4 ( )0.5 (and)4 ( )0.5 (the)4 ( )0.6 (services)4 ( )0.5 (in)4 ( )]TJ 0.025 Tc 0.076 Tw T* (relation thereto; and \(b\) the prevailing market price for the provisio\n of similar types )Tj 0.058 Tw T* (of services in the same or nearby service area by independent third part\ies. The terms )Tj 0.052 Tc 0.07 Tw T* [(upon)12.7 ( which)12.7 ( the)12.7 ( services)12.7 ( to)12.7 ( be)12.7 ( provided)12.7 ( by)12.6 ( Lanshan)12.7 ( Branch)12.7 ( of)12.7 ( Rizhao)12.6 ( Port)12.6 ( to)12.7 ( the)27 ( )]TJ 0.037 Tc 0.071 Tw T* [(Company)12 ( )0.5 (shall)12 ( )0.5 (be)12.1 ( )0.5 (no)12 ( )0.5 (less)12 ( )0.5 (favourable)12 ( )0.5 (than)12 ( )0.5 (the)12 ( )0.5 (terms)12 ( )0.5 (obtained)12 ( )0.5 (by)12 ( )0.5 (the)12 ( )0.5 (Company)12 ( )0.5 (from)11.9 ( )]TJ 0.036 Tc 0.072 Tw T* [(independent)11.1 ( third)11 ( )0.5 (parties)11 ( )0.5 (for)11 ( )0.5 (similar)11 ( )0.5 (types)11 ( )0.5 (of)11 ( )0.5 (services)11 ( )0.5 (in)11 ( )0.5 (the)11 ( )0.5 (same)11 ( )0.5 (or)11 ( )0.5 (nearby)11 ( )0.5 (service)11.1 ( )]TJ 0.025 Tc -0.025 Tw T* (area.)Tj 0.031 Tw 0 -2.462 TD [(In )0.5 (order )0.5 (to )0.5 (ensure )0.5 (that )0.5 (the )0.5 (fee )0.5 (is )0.5 (fair )0.5 (and )0.5 (reasonable )0.5 (and )0.5 (in )0.5 (line )0.5 (with )0.5 (prevailing )0.5 (market )]TJ 0.031 Tc 0.077 Tw 0 -1.231 TD [(price,)6 ( )0.5 (the)6 ( )0.5 (Company)6 ( )0.5 (will)5.9 ( )0.5 (obtain)6 ( )0.5 (quotations)6 ( )0.5 (or)6 ( )0.5 (compare)6 ( )0.5 (the)6 ( )0.5 (amount)6 ( )0.5 (of)6 ( )0.5 (fees)6 ( )0.5 (offered)6 ( )0.5 (by)6 ( )]TJ 0.025 Tc 0.07 Tw T* [(other independent third parties )0.5 (before it decides )0.5 (to engage Lanshan )0.5 (Branch of Rizhao )]TJ 0 Tw T* (Port to provide stevedoring, storage and delivery services in Lanshan po\rt area.)Tj ET endstreamendobj11 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 1 \226)Tj 0.065 Tc 0.07 Tw 13 0 3.4833 13 55.3588 776.3179 Tm [(Hong)12.1 ( Kong)12.1 ( Exchanges)12 ( and)12.1 ( Clearing)12 ( Limited)12 ( and)12 ( The)12 ( Stock)12.1 ( Exchange)12.1 ( of)12.1 ( Hong)40 ( )]TJ 0.03 Tc 0.078 Tw 0.33 -1.231 Td [(Kong)5 ( )0.5 (Limited)5 ( )0.5 (take)5 ( )0.5 (no)5 ( )0.5 (responsibility)5 ( )0.5 (for)5 ( )0.5 (the)5 ( )0.5 (contents)5 ( )0.5 (of)5 ( )0.6 (this)5 ( )0.5 (announcement,)5 ( )0.5 (make)5 ( )0.5 (no)5 ( )]TJ 0.027 Tc 0.081 Tw 0.33 -1.231 Td [(representation)2 ( )0.5 (as)2 ( )0.5 (to)2 ( )0.5 (its)2 ( )0.5 (accuracy)2 ( )0.5 (or)2 ( )0.5 (completeness)2 ( )0.5 (and)1.9 ( )0.5 (expressly)2 ( )0.5 (disclaim)2 ( any)2 ( )0.5 (liability)2 ( )]TJ 0.025 Tc 0.077 Tw 0.33 -1.231 Td (whatsoever for any loss howsoever arising from or in reliance upon the w\hole or any )Tj 0 Tw 0.33 -1.231 Td (part of the contents of this announcement.)Tj ET /PlacedGraphic /MC0 BDC EMC q 151.246 650.025 292.784 46.593 re W n 0 0 0 0 K 1.767 w 22.926 M 1 j /GS1 gs q 1 0 0 1 180.9161 695.6525 cm 0 0 m 0.107 0 -23.511 -0.844 -23.896 -19.2 c -23.84 -29.817 -14.837 -37.833 -2.427 -37.833 c 3.668 -37.723 8.195 -36.363 11.644 -33.204 c -8.781 -33.198 l -8.758 -27.636 l 22.636 -27.567 l 18.504 -37.998 9.746 -43.201 -2.83 -43.578 c -17.034 -43.578 -28.278 -34.044 -28.787 -22.254 c -28.787 -10.271 -16.146 1.165 0 0 c h S Q 0 1 1 0 k q 1 0 0 1 180.9161 695.6525 cm 0 0 m 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