PYI owns and operatesYangkou Port, a natural deep-sea harbour on Jiangsu’s eastern coast, which comprises mainly a harbour-front industrial and logistics park of 30 square kilometers, the 13-kilometer Yellow Sea Crossing and a 1.4-square kilometer man-made island of 37 berths. The Little Yangkou development, with an area of 11.5 square kilometers, will position as a resort district.

The development forms an integral part of the Jiangsu transport development plans. First phase of the development comprising an initial land bank of 10 sq km, the Yellow Sea Crossing and a general cargo berth is scheduled to be completed before the end of 2008. The master planning of the harbour-front industrial and logistics park caters to the petrochemical industry.

In December 2006, the Group secured the commitment of PetroChina to develop an LNG import facility on the man-made island at Yangkou Port. 0.3-square kilometer parcel of land on the 1.4-square kilometer man-made Sun Island project at Yangkou Port has been transferred to PetroChina in November 2007.

Local authorities have been supportive to the Yangkou Port development. Ambitious plans are mapped out to build a comprehensive road-rail-water transport network to support the project. The Yangkou Port development has also attracted an increasing number of domestic and multinational corporations to explore development opportunities in the bulk cargo berths as well as the industrial and logistics park.

The Eleventh Five-Year Plan affirmed the incorporation of Yangkou Port in Jiangsu Province.