Sinotrans Limited announced that its subsidiary, Sinotrans Logistics and Sinotrans South China, plans to jointly invest with Zhanjiang Port Group to establish Zhanjiang Sinotrans International Logistics Co., Ltd. The registered capital of the joint venture is 0.207 billion yuan, of which Sinotrans Logistics will contribute 0.104 billion yuan in MMF, holding 50%; Zhanjiang Port Group will contribute land use rights valued at 52.1224 million yuan based on 0.096 million square meters, holding 25%; Sinotrans South China will contribute 52.1224 million yuan in MMF, holding 25%. The joint venture will be used to construct the China Merchants Zhanjiang Chemicals Logistics Hub project and will be included in Sinotrans Limited's consolidated financial statements. The trade has been approved by the Board of Directors and does not require submission to the shareholders' meeting.