Zhitong Finance App News, Ningbo Port (601018.SH) announced that its wholly-owned subsidiaries, Taicang Wanfang International Terminal Co., Ltd. (hereinafter referred to as “Taicang Wanfang”), Nanjing Mingzhou Terminal Co., Ltd. (hereinafter referred to as “Nanjing Mingzhou”) plan to restructure their shares with Taicang Xinhai Port Development Co., Ltd. (hereinafter referred to as “Taicang Xinhai”), a second-tier subsidiary of the company, Nanjing Ganglongtan Tianchen Terminal Co., Ltd. (hereinafter referred to as “Nanjing Tianchen”), a second-tier subsidiary.

After the equity restructuring between Taicang Xinhai and Taicang Wanfang is completed, the company is expected to hold 49% of Taicang Wanfang's shares, and Taicang Wanfang will no longer be included in the scope of the company's consolidated statements. Due to Taicang Wanfang's assessment of added value, the company's consolidated statement is expected to increase investment income by 1,010 billion yuan (ultimately based on the accountants' audit results).