Yangkou Port, a natural deep-sea port near the mouth of the Yangtze River in Eastern China, declared soft open with its first general cargo berth in operation in October 2008 and is poised to become a major trans-shipment hub specializing in bulk cargo and a large-scale petrochemical industrial and logistics zone. PYI developed, owned and operated Yangkou Port which comprises of an industrial and logistics park, a 13 km completed Yellow Sea Crossing and a 1.4 sq km completed man-made island with 29 berths.

Embankment works for the final 20 sq km of the total 42 sq km land bank has commenced. Building of LNG facilities on a 0.3 sq km land parcel on the Sun Island acquired by PetroChina is expected to be completed in the first half of 2011. Highways, railway, canal and other connecting infrastructure and utility associated with Yangkou Port are being developed concurrently.

According to the Jiangsu Coastal Region Development Plan approved by the State Council in June 2009, and the Circular Addressing Issues in Supporting Faster Development Pace of Yangkou Port issued by the Jiangsu Provincial Government, Yangkou Port is highlighted as one of the major development port. In order to crystallize the value of Yangkou Port as part of our Yangtze Strategy, PYI disposed 15% interest in December 2009 and as a result, Yangkou Port became a 60% subsidiary of PYI.