Qinhuangdao Port Co., Ltd. (Stock Code: 03369) Releases Latest Litigation Developments

Bulletin Express
Nov 12

Qinhuangdao Port Co., Ltd. announced that the Tianjin High People’s Court accepted a second trial filing from Jiangxi Copper, which objected to prior rulings of the Tianjin Maritime Court. The case involves an amount of approximately RMB559.7743 million, and Qinhuangdao Port Co., Ltd. is one of the appellees in the second trial. The trial’s outcome remains uncertain, and its impact on the company’s profits cannot yet be determined.

Additional updates show that some port operation and contract disputes have been concluded, with certain lawsuits dismissed and lien on goods or execution of cases terminated. Other pending disputes, such as requests for payment of fees or compensation, are undergoing court processes. The company has enlisted legal support and will provide timely disclosures based on future court rulings. Investors are advised to stay informed of potential risks as the proceedings evolve.

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