Cmst Development (600787.SH) Subsidiary Plans RMB1.129 Billion Investment for Phase I of Cmst (Sanjiang Port) Production Service Hub Project

Stock News11-28

Cmst Development Co., Ltd. (600787.SH) announced that its wholly-owned subsidiary, Cmst Steel Super, plans to invest in the construction of Phase I of the Cmst (Sanjiang Port) Production Service Hub Project, with a total estimated investment of RMB1.129 billion. This includes Cmst Steel Super's capital contribution of RMB500 million to establish a project company as the implementation and operating entity.

The project aims to build Cmst’s most competitive production-service logistics hub in Central China, creating a dynamic ecosystem for manufacturing support services and a multimodal transport center for bulk commodities. It will serve as a benchmark for integrated modern manufacturing and logistics development, anchored in Ezhou, extending to the Wuhan metropolitan area, covering Central China, and connecting with major manufacturing hubs nationwide.

Strategically located at the country’s economic-geographic center, the hub leverages significant regional advantages, including futures delivery and multimodal transport capabilities. It is expected to reduce overall logistics costs while enhancing the company’s core competitiveness and profitability, further strengthening its warehousing and logistics network.

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