Shanghai International Airport Co.,Ltd. (600009.SH) announced that it has signed the "Pudong Airport Phase III Expansion Maglev Asset Transfer Contract" with Shanghai Airport (Group) Co., Ltd. The company will transfer certain assets of the maglev system project for the Phase III expansion of Pudong Airport, which have a net book value of 157 million yuan, for a total transfer amount of 161 million yuan (excluding tax). This related-party transaction is aimed at improving Pudong Airport's passenger maglev system and enhancing the airport's transportation capacity, in line with the construction requirements for the Phase IV expansion project of Pudong Airport.
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