Tianjin No. 4 Port Co., Ltd. announced that it will receive not less than CNY 693,700,000 in an equity round of funding on January 7, 2022. The transaction will include participation from new investor Shanghai Zhonggu Logistics Co., Ltd. The company's registered capital will increase to CNY 230,000,000.

The transaction has been reviewed and approved at the third meeting of the third board of directors of the investor and does not need the shareholders' approval. The final investor will be determined through competitive negotiation. Before the capital increase, Tianjin Port Co., Ltd. holds 100% equity; after the capital increase, Tianjin Port Co., Ltd. holds 65%, and Shanghai Zhonggu Logistics Co., Ltd. (SHSE:603565) holds 35%.