Liaogang Co., Ltd. (02880) plans to purchase two portal cranes and two tugboats for 67.2438 million yuan

According to Zhitong Finance App, Liaogang Co., Ltd. (02880) issued an announcement. On December 23, 2025, the Company's branch, Bulk Grain Terminal Branch, and Yingkou Limited, a wholly-owned subsidiary of the Company, signed a door engine sales contract and a ship sales contract with Dandong Port Group at a cost of RMB 9.38,300 and RMB 578.956 million respectively, for a total cost of RMB 67.2438 million.

The assets purchased by the Bulk Grain Terminal Branch from Dandong Port Group under the door machine sales contract are two portal cranes, “M246” and “M247,” respectively.

Due to the aging of existing door machines, in order to further improve the unloading efficiency and operation efficiency of the berths, meet the production needs of berths and docks, reduce the loss of supplies and increase other supplies, and save investment costs and manufacturing time due to the purchase of new door machines, the Bulk Grain Terminal Branch plans to purchase door machines.

Based on the above, directors (including independent non-executive directors) believe that the terms of the door machine sales contract are determined after fair negotiations, and that the proposed door machine purchases are carried out in the company's general daily business process, and are general commercial terms or better terms, which are fair and reasonable and conform to the overall interests of the Company and its shareholders.

The assets purchased by Yingkou Limited from Dandong Port Group under the ship sales contract are two tugboats, “Anton 23” and “Anton 26”, respectively.

Due to insufficient flexibility in the supply of existing tugboat resources, in order to ease the tight situation of tugboats in the Yingkou port area (especially during the peak production period in winter), effectively reduce the non-production operation time of ships and improve navigation efficiency, thereby improving the support capacity of tugboats in the Yingkou port area, taking into account the LNG project needs in the Xianrendao port area, and saving investment costs and manufacturing time due to the purchase of new tugboats, Yingkou Limited plans to purchase tugboats.

Based on the above, the directors (including independent non-executive directors) believe that the terms of the ship sale contract are determined after fair negotiations, and that the proposed tugboat purchases are carried out in the ordinary daily business process of the Company and are general commercial terms or better terms, which are fair and reasonable and conform to the overall interests of the Company and its shareholders.