On December 28, Gelonghui Port (600279.SH) announced that its wholly-owned subsidiary Chongqing Luohuang Port Co., Ltd. (“Luohuang Company”) and the holding subsidiary Chongqing Guoyuan Container Terminal Co., Ltd. (“Guojiji”) plan to scrap some fixed assets. Among them, Luohuang Company plans to scrap a total of 70 assets, mainly railway assembly lines, railway loading and unloading lines, and supporting facilities for bulk depots in the former Maoertuo Port area. The original book value of this batch of assets was $37,563,393.38. As of December 2023, the net book value was $18,726,508.94. The reason for scrapping was that Luohuang Company upgraded the port area as a whole. In order to promote the construction of the project, the above assets needed to be dismantled and scrapped.

The Guoji Division plans to scrap a total of 47 assets, mainly forklifts, tractors, semi-trailers, and forks. The board of directors and all directors of the Company guarantee that there are no false records, misleading statements or major omissions in this notice, and bear individual and joint responsibility for the authenticity, accuracy and completeness of its contents. Old equipment such as cars, electric patrol cars, sweepers, etc. The original book value of this batch of assets was $14,040,259.89. As of December 2023, the net book value was $6,566,042.60. The reason for scrapping is that this batch of assets has been in use for a long time, is seriously aging, has frequent breakdowns, is difficult to maintain, expensive, and has oil spills, excessive exhaust emissions, etc. There are safety and environmental risks, and there is no value in restoration and utilization.

The total book value of the fixed assets scrapped this time was 51,603,653.27 yuan. As of December 2023, the total net book value was 25,292,551.54 yuan, which is expected to reduce the company's total profit in 2023 by 24.1 million yuan. The final impact on the company's profit and loss will be based on the results of the annual audit confirmation.