Nine Dragons: Hong Kong Container Port Ranking Falls to the Bottom of the Global Top Ten List, Competition Intensifies, Short-term Situation May Further Deteriorate.

Chairman of Wharf Holdings, Peter Woo, stated that Hong Kong Container Port has fallen to the bottom ten globally in rankings, with intensifying competition and no short-term improvement in sight, and it may even deteriorate further. He hopes for collaboration between the government and the industry to enhance the competitiveness of Hong Kong Container Port and regain market share. Woo pointed out that Hong Kong Container Port is facing competition pressure from Nansha Port and Shenzhen Port, while the global container shipping industry is in a semi-monopolistic state. In addition, Woo mentioned that Nine Dragons has reduced its stock investments in recent years, but will still selectively invest in stable companies with high dividends.