Rizhao Transport Energy Development Group Co., Ltd. announced that the litigation disclosed in December 2022 with Rizhao Port Group Lanshan Port Service Co., Ltd. and Shandong Lanqiao Port Co., Ltd. has recently entered the stage of execution and settlement. On September 23, 2024, the company signed an "Execution and Settlement Agreement" with Lanshan Company, specifying the Shandong Port Group's 3.6069% equity held by the company as the subject of execution, corresponding to an approximate book value of 3.6 billion yuan, accounting for 23.59% of the total equity of Shandong Port Group held by the company.
日照交通能源发展集团：诉讼已于近期进入执行和解阶段
Rizhao Transport Energy Development Group: The litigation has recently entered the stage of execution and settlement.
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