Qinhuangdao Port Plans Major Employee Retirement Provision

Qinhuangdao Port Co., Ltd. Class H (HK:3369) has released an update.

Qinhuangdao Port Co., Ltd. has announced a provision of up to RMB210 million for employees who leave their posts to await retirement, a move aimed at optimizing human resources and enhancing operational efficiency. This provision, compliant with national labor policies, is expected to impact the company’s net profit for the year. The resolution was unanimously approved by the board of directors and supported by the supervisory committee.

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