Annual Report 2021

ANNUAL REPORT 2021 5 SEPTEMBER TCP Participações S.A. (“ TCP ”) in Brazil signed an agreement with Administration of The Ports Of Paranaguá And Antonina to change the inflation index applied to its concessions from General Market Price Index “IGP-M” to Extended National Consumer Price Index “IPCA”, which will help improve TCP’s long-term stable operation. JUNE Mawan Smart Port officially commenced operation in late June 2021, with the harbour area of 983,600 sq.m. and the quay length of 1,930 metres. It has five berths in total, including two newly built berths with 200,000-ton capacity specialized for container vessels, and its capacity represents the largest in South China. Those two berths can handle the world’s largest container vessels, with a design capacity of 3 million TEUs p.a., being a model for intelligent upgrade of traditional terminals in both domestic and overseas market.