Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ॢެࢥಥٰ΅Ϟࠢʮ̡

QINHUANGDAO PORT CO., LTD.*

(a joint stock limited liability company incorporated in the People's Republic of China)

(Stock Code: 3369)

ANNOUNCEMENT ON LITIGATION

This announcement is made by Qinhuangdao Port Co., Ltd. (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Inside Information Provisions (the "Inside Information Provisions") (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), with reference to Rule 13.10B of the Listing Rules.

  • I. BASIC INFORMATION ON THE LITIGATION

    On 30 January 2018, Cangzhou Bohai Port Co., Ltd. ("Cangzhou Bohai Port"), a subsidiary of the Company, received a subpoena issued by the Intermediate People's Court of Cangzhou City, Hebei Province, in which the plaintiff is China Construction Sixth Engineering Division Corp. Ltd. ("China Construction Sixth Engineering Division"), the defendant is Cangzhou Bohai Port, and the case is about a construction contract dispute. As of this announcement, the case has not yet been heard.

  • II. CONTENTS, REASONS AND CLAIM OF THE LITIGATION

    China Construction Sixth Engineering Division filed a litigation with the Intermediate People's Court of Cangzhou City, Hebei Province, claiming that the project of Huanghua Port Integrated Port Information Center Building (ර㏞ಥၝΥಥڦࢹʕːᅽ), which was built by it for Cangzhou Bohai Port from early 2010, had been completed by the end of August 2010.

    In this litigation, China Construction Sixth Engineering Division claims that, Cangzhou Bohai Port shall make a payment of RMB33,864,106.08 to China Construction Sixth Engineering Division for the construction of the abovementioned project and the interest for the construction fee accruing from 1 September 2010 to the actual payment date (which was RMB15,734,075 as at 28 November 2017), and that the litigation fees and property preservation fee shall be borne by Cangzhou Bohai Port.

III.

IMPACT OF THE LITIGATION ON THE CURRENT OR SUBSEQUENT PROFITS OF THE COMPANY

The Company is currently unable to determine the impact of the litigation on its current or subsequent profits given that the litigation mentioned in this announcement has not yet been heard. The Company will actively take various measures to safeguard the legitimate rights and interests of the Company and its shareholders and fulfill its obligation to disclose relevant information timely in accordance with the progress of the case. Investors are advised to read through the announcement of the Company and pay attention to investment risks.

By order of the Board Qinhuangdao Port Co., Ltd.*

CAO Ziyu Chairman

Qinhuangdao, Hebei Province, the PRC 31 January 2018

As at the date of this announcement, the executive directors of the Company are CAO Ziyu, YANG Wensheng, WANG Lubiao and MA Xiping; the non-executive directors of the Company are LI Jianping and MI Xianwei; and the independent non-executive directors of the Company are LI Man Choi, ZHAO Zhen, ZANG Xiuqing and HOU Shujun.

*

For identification purpose only

Qinhuangdao Port Co. Ltd. published this content on 31 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 January 2018 11:54:14 UTC.

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