Dalian Huarui Heavy Industry Group (002204.SZ) plans to invest in the construction of an intelligent transformation project for the relocation of port machinery.

Dalian Huarui Heavy Industry Group (002204.SZ) announced that the company intends to use its own or self-raised funds to invest in the construction of an intelligent renovation project for port machinery relocation. The project includes three parts: land acquisition, terminal, and renovation construction. Among them, the acquisition of land and terminal assets will be obtained through public bidding, with the specific amount to be further submitted for review based on the subsequent public listing information from the transferor; the renovation and construction costs are initially estimated at 2.639 billion yuan. At the same time, to achieve independent settlement of port machinery product business and ensure the smooth implementation of the overall project, the board of directors agreed to invest 1.1 billion yuan of its own funds in Lushunkou District to establish a wholly-owned subsidiary, Dalian Huarui Port Machinery Co., Ltd. (tentative name, subject to the name approved by the industry and commerce), which will be responsible for the subsequent management and operation of the project. The project construction period is approximately 2 years (subject to the actual construction period of the project).