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英文翻译：Yingkou Port Co., Ltd. was approved by liaozheng (2000) No. 46 document of the people's Government of Liaoning Province on March 6, 2000. As the main initiator, Yingkou Port Group Co., Ltd. jointly established with four sponsors, namely Dalian Jiliang Shipping Co., Ltd., Liaoning hardware and mineral import and export company, Jilin Lida economic and trade center and COFCO Liaoning grain and oil import and export company. The company was registered in Liaoning Administration for Industry and Commerce on March 22, 2000, with a registered capital of 150 million yuan. The company is mainly engaged in loading, unloading, stacking and transportation services of bulk and miscellaneous goods. Its business mainly covers metal ore, non-metal ore, steel, grain, fertilizer, aluminum powder, solid chemical industry, wood chips, crude soybean oil, starch and other goods. In order to further expand the port scale and enhance the core competitiveness of the company, after comparing various financing methods, the company decided to issue convertible bonds for secondary financing. On March 15, 2004, the company's application for issuing convertible bonds passed the examination of the development and Examination Committee of the CSRC. On May 20, 2004, RMB 700 million convertible bonds of the company were issued successfully. On June 3, 2004, the convertible bonds of the company were listed and traded on Shanghai stock exchange with the code of 110317. After the issuance of convertible bonds, the company acquired multi-purpose berths and product oil and liquid chemicals terminals of phase III project with raised funds. In order to avoid horizontal competition and further reduce connected transactions, from June to July 2004, the company acquired 50% equity of Yingkou COSCO International Container Terminal Co., Ltd., 99.44% equity of Yingkou Port Industrial Development Co., Ltd., and acquired Yingkou Port Group Automobile transportation company as a whole. After the acquisition, the company began to intervene in the container business with good earnings. With China's accession to the WTO and the vigorous promotion of national policies such as revitalizing the old industrial base in Northeast China, Yingkou port is facing historical development opportunities. The scale of the company will be further expanded and the benefits will be further improved. The company will use its own funds, bank loans and financing capacity to the capital market to continuously transform the throughput capacity of the existing production berths. At the same time, according to the company's development direction and business situation, accelerate the construction of Bayuquan port four phase project, large-scale ore terminal, crude oil terminal, logistics park and other projects, and further improve the company's handling capacity. In view of the fierce competition situation, on the basis of giving full play to the advantages of port location and natural conditions, the company will improve the main functions of the port, develop to a specialized, large-scale and containerized modern port, transform the production and operation berths from general-purpose ones to professional ones, and improve the business competitiveness; at the same time, the company will further standardize the operation and management, actively develop and constantly Innovate, build more effective team and corporate culture; actively carry out various forms of strategic alliance with domestic and foreign shipping companies, shippers and multinational corporations, strive to achieve diversification of port investment and operation, and improve the comprehensive competitiveness of the company.

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