Guangdong Great River Smarter Logistics Co.Ltd(002930) M & A fund's first investment project was fully put into operation to enhance the cluster effect of petrochemical storage in the Yangtze River Delta

On April 8, Guangdong Great River Smarter Logistics Co.Ltd(002930) ( Guangdong Great River Smarter Logistics Co.Ltd(002930) ) announced that the first investment project of Dongguan jinlianchuanchuang Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) investment partnership (limited partnership) (hereinafter referred to as "jinlianchuan"), the M & a partnership invested by the company, Changshu Hongzhi project, had all its docks, storage tanks, chemical warehouses and related ancillary facilities put into operation. While further expanding the storage scale, It also strengthens the cluster effect of Guangdong Great River Smarter Logistics Co.Ltd(002930) in the storage bases in the Yangtze River Delta.

It is understood that jinlianchuan is an M & a partnership jointly invested by Guangdong Great River Smarter Logistics Co.Ltd(002930) , financial holding fund and Dongguan enterprise development, with a total scale of no more than 1 billion yuan, engaged in M & A and investment activities in the field of petrochemical warehousing business. According to the agreement, Guangdong Great River Smarter Logistics Co.Ltd(002930) holds 30% equity of jinlianchuan, and the actual controllers of financial holding fund and Dongguan enterprise development are Dongguan SASAC. Taking advantage of the M & A fund, Changshu Hongzhi, a wholly-owned subsidiary of jinlianchuan, participated in the public auction in January 2021 and obtained the relevant assets of Changshu Huihai chemical storage Co., Ltd. and Changshu Huihai Real Estate Co., Ltd. at a price of about 436 million yuan. The project includes a 20000 ton wharf with 90 storage tanks with a total tank capacity of 133800 cubic meters (allowable operation tank capacity), and a chemical warehouse with a total warehouse capacity of 14600 square meters. This is the first investment project since the establishment of the M & A fund. In September 2021, Changshu Hongzhi, a wholly-owned subsidiary of jinlianchuan, won the remaining 28 storage tanks and ancillary facilities in Changshu Hongzhi think tank area under Bank of communications Financial Leasing Co., Ltd. through bidding for about 110 million yuan. After the completion of the delivery, Changshu Hongzhi fully owns 118 storage tanks with a total tank capacity of 293800 cubic meters, 14600 square meters of chemical warehouse and the above-mentioned asset related ancillary facilities in the reservoir area.

With years of operation and management experience in petrochemical storage industry, Guangdong Great River Smarter Logistics Co.Ltd(002930) actively promoted the follow-up sorting, upgrading and transformation of Changshu Hongzhi project. Since the acquisition, Guangdong Great River Smarter Logistics Co.Ltd(002930) give full play to the operation coordination and efficient management of resources, effectively promote the implementation of various works of the project and ensure the full operation of the project. Changshu Hongzhi project has achieved good operation status in a short time.

Previously, Changshu Hongzhi's 20000 ton wharf, 90 storage tanks with a total tank capacity of 133800 cubic meters and a total warehouse capacity of 14600 square meters have been put into operation; With the 28 storage tanks obtained the business license and put into operation, the overall wharf, storage tank, chemical warehouse and relevant ancillary facilities of the project have been put into operation.

According to statistics, up to now, the total tank capacity of Guangdong Great River Smarter Logistics Co.Ltd(002930) holding (including under construction) tanks is about 3253300 square meters, of which the total tank capacity of tanks put into operation is about 2908300 square meters, and the total tank capacity of holding tanks in Changshu, Taicang, Changzhou, Nantong, Nanjing and other Yangtze River Delta regions is about 2288900 square meters, with significant scale effect.

In the future, Guangdong Great River Smarter Logistics Co.Ltd(002930) is expected to continue to focus on M & a project investment in petrochemical warehousing business with the help of M & a funds, seize market opportunities and consolidate the goal of large-scale development.

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