Meeting Details - The meeting was held on September 26, 2025, at 15:30, with network voting available from 9:15 to 15:00 on the same day [1][2][3] - The location of the meeting was at the 25th floor, A meeting room, China Merchants Port Building, No. 1, Industrial Third Road, Nanshan District, Shenzhen [2] - The meeting was conducted through a combination of on-site voting and online voting [3] - The meeting was convened by the company's board of directors, chaired by Chairman Feng Boming [4][5] Attendance - A total of 102 shareholders and their authorized representatives attended the meeting, representing 2,242,703,028 shares, which is 90.3530% of the total voting shares [7] - Among them, 9 shareholders attended the meeting in person, representing 1,577,015,883 shares (63.5341% of the voting shares), while 93 participated via online voting, representing 665,687,145 shares (26.8189% of the voting shares) [7] - A-share shareholders accounted for 88 attendees, representing 2,185,144,547 shares (94.9130% of the A-share voting rights) [8] - B-share shareholders accounted for 14 attendees, representing 57,558,481 shares (31.9955% of the B-share voting rights) [9] Resolutions Passed - The meeting approved several proposals, including: - Change of company registered capital and amendment of the Articles of Association, which required a two-thirds majority of the voting shares [11] - Amendments to the Rules of Procedure for Shareholders' Meetings, Board Meetings, Independent Directors' Work System, Related Party Transaction Management System, Fund Management System, Securities Investment Management System, Appointment of Accounting Firms, External Guarantee Management System, and External Donation Management System, all of which also required a two-thirds majority [11] Legal Opinions - The legal opinion was provided by Shanghai Fangda Law Firm, confirming that the meeting's convening and procedures complied with relevant laws and regulations, and that the qualifications of participants were valid [12]

(Incorporated in Hong Kong with limited liability under the Companies Ordinance) （根據公司條例於香港註冊成立之有限公司） (Stock Code 股份代號: 00144) N O T I F I C AT I O N L E T T E R 通 知 信 函 Dear non-registered shareholder(s) (Note 1 ) , 招商局港口控股有限公司（「本公司」） - 有關 2025 年中期報告（「本次公司通訊」）之登載通知及以電子方式發布公司通訊( 附 註 2)之安排 Should you have any queries in relation to this letter, please call the enquiry hotline of the Share Registrar at (852) 2862 8688 during business hours from 9:00 a.m. to 6:00 p.m. (Hong Kong time), Mondays to Fridays, excl ...

(Incorporated in Hong Kong with limited liability under the Companies Ordinance) （根據公司條例於香港註冊成立之有限公司） (Stock Code 股份代號: 00144) N O T I F I C AT I O N L E T T E R 通 知 信 函 Dear registered shareholder(s) (Note 1) , China Merchants Port Holdings Company Limited (the "Company") - Notification of publication of 2025 Interim Report (the "Current Corporate Communication") and Arrangement of Electronic Dissemination of Corporate Communications(Note 2) The Current Corporate Communication of the Company (in English an ...

Financial Performance - Revenue for the first half of 2025 reached HKD 6,457 million, an increase of 11.4% compared to HKD 5,795 million in 2024[6] - Profit attributable to equity holders decreased by 19.5% to HKD 3,584 million from HKD 4,452 million in the previous year[6] - EBITDA for the port business rose by 10.2% to HKD 3,925 million, while the bonded logistics business saw a slight decrease of 0.7% to HKD 150 million[7] - The total revenue for the group was HKD 6.457 billion for the six months ending June 30, 2025, an increase of 11.4% year-on-year, mainly driven by growth in business volume[30] - The net profit attributable to equity holders of the company was HKD 3.584 billion, a decrease of 19.5% year-on-year, impacted by reduced profits from joint ventures and fair value losses on financial assets[30] - Gross profit for the same period was HKD 3,290 million, up 18.3% from HKD 2,782 million in 2024[72] - Net profit for the period was HKD 4,214 million, a decrease of 14.2% from HKD 4,914 million in 2024[72] - Basic earnings per share attributable to equity holders of the company was HKD 0.854, down from HKD 1.061 in 2024[72] Assets and Liabilities - Total assets increased by 4.3% to HKD 176,721 million from HKD 169,474 million at the end of 2024[6] - The group’s total liabilities increased by 5.6% to HKD 50.716 billion as of June 30, 2025, compared to HKD 48.042 billion at the end of 2024[32] - The group’s total segment assets, excluding interests in associates and joint ventures, were HKD 139,932 million as of June 30, 2025[97] - The group’s total segment assets, excluding interests in associates and joint ventures, reached HKD 133,928 million, with significant contributions from the port business and bonded logistics[98] - The company’s total assets less current liabilities stood at HKD 151,410 million as of June 30, 2025, up from HKD 145,413 million in December 31, 2024, reflecting a growth of 4.5%[75] Cash Flow and Financing - The net cash generated from operating activities was HKD 3,539 million, down 16.7% from HKD 4,251 million in 2024[6] - Cash flow from operating activities was HKD 3,539 million for the six months ended June 30, 2025, down from HKD 4,251 million in 2024, representing a decline of 16.7%[78] - The company reported a net financing cost of HKD 631 million for the six months ended June 30, 2025, compared to HKD 691 million for the same period in 2024, indicating a decrease of about 8.7%[95] - The group’s current liabilities exceeded current assets by HKD 5.61 billion as of June 30, 2025, but management believes it can continue as a going concern for at least the next twelve months[82] - The company has unutilized bank loan and other debt financing facilities amounting to HKD 27,123 million as of June 30, 2025, compared to HKD 13,744 million as of December 31, 2024, an increase of 97.5%[114] Market and Economic Outlook - The total import and export volume for China in the first half of 2025 was RMB 21.79 trillion, a year-on-year increase of 2.9%[11] - Exports from China totaled RMB 13.00 trillion, reflecting a growth of 7.2% year-on-year, while imports decreased by 2.7% to RMB 8.79 trillion[11] - The global economic growth is projected to slow down, with the IMF estimating a growth rate of 3.0% for 2025, down from 4.1% in emerging markets and developing economies[50] - The company recognizes the importance of consumer spending as a stabilizing factor for economic growth in China, despite ongoing external uncertainties[51] Strategic Initiatives - The company plans to focus on market expansion and new product development in response to the evolving economic landscape[10] - The management highlighted the importance of adapting to trade policy uncertainties and global economic challenges to maintain growth momentum[10] - The company aims to enhance its global network layout and stimulate growth by focusing on regions such as Southeast Asia, Europe, and Latin America, particularly through investments in port projects[53] - The company is committed to sustainable development and aims to drive green and low-carbon transformation through technological innovation[49] - The company plans to deepen lean operations and focus on efficiency improvement while implementing six major strategies, including overseas strategy and innovation strategy[52] Operational Efficiency - The company is focusing on enhancing operational efficiency through systematic diagnosis and optimization of subsidiary operations[16] - The average warehouse utilization rate for the group’s bonded logistics business in Shenzhen was 96%[29] - The company launched the CTOS system in Brazil and Turkey, replacing foreign systems and improving operational efficiency[17] - The company is focused on developing three leading products: "招商芯," "招商ePort," and "SMP," to drive technological integration within its operations[54] ESG and Sustainability - The company's ESG rating remains at BBB, maintaining a leading position in the industry according to MSCI[18] - The group aims to become a world-class green and intelligent port service provider, integrating sustainability into its investment and operational strategies[46] - The group has set waste reduction targets and is implementing measures to minimize waste generation and optimize resource utilization[47] - The company emphasizes the integration of ESG principles into daily operations to promote sustainable development and enhance management efficiency[55] Shareholder Information - The company will pay an interim dividend of HKD 0.25 per share, totaling HKD 1.05 billion for the six months ending June 30, 2025[56] - The company will suspend share transfer registration from September 30 to October 6, 2025, to facilitate the interim dividend payment[57] - As of June 30, 2025, the company’s major shareholder CMG holds 3,029,009,132 shares, representing 72.15% of the total issued shares[61] - The company’s major shareholder, China Merchants Jinling Shipyard, holds 3,002,405,132 shares, representing 71.52% of the total issued shares[61] Employee and Management - The group employed 8,792 full-time employees, with total salaries paid amounting to HKD 1.141 billion, representing 29.7% of total operating expenses[44] - The remuneration for key management personnel increased to HKD 12 million, up from HKD 9 million in the previous year[136] - The audit committee is now composed of four independent non-executive directors, ensuring compliance with accounting principles and risk management[67] - The board is committed to maintaining high standards of corporate governance to enhance investor confidence and shareholder returns[64]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 港口控股有限公司 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED （根據公司條例於香港註冊成立之有限公司） （股份代號：00144） 持續關連交易 就 (1) 2025 年倉庫服務協議 及 (2) 保安服務協議 釐定年度上限 2025年倉庫服務協議 茲提述本公司日期為2022年9月29日的公告，內容有關本公司的附屬公司招商保 稅與深圳市南油就深圳市南油於深圳前海向招商保稅提供倉庫服務訂立倉庫服務 協議。 – 2 – 就本集團於截至2025年、2026年、2027年及2028年12月31日止各年度根據保 安服務協議提供場內安管業務服務及周界保安業務服務應付深圳西部保安的費用 總額而言，就上市規則第14A.53條而言，董事已決議將各自的年度上限分別設定 為人民幣875萬元（相當於約972萬港元）、人民幣3,000萬元（相當於約3,333萬 港元）、人民幣3,000 ...

Group 1 - The C Star program has been included in the China-Africa Cooperation Forum - Beijing Action Plan (2025-2027) and the concept document for the 2026 "China-Africa Cultural Exchange Year" [4] - The program aims to build a friendship bridge for youth collaboration between China and Africa, promoting the concept of "business for good, mutual benefit, and win-win" [4] - The program is designed to empower African youth in various fields such as technology, agriculture, and culture, encouraging them to tackle local challenges [4][5] Group 2 - The C Star program has established a special fund to provide financial support, resource connections, and growth guidance for aspiring young entrepreneurs [7] - The program has successfully hosted three sessions, exploring the dual empowerment of the investment group and global youth innovation and entrepreneurship [11] - Participants visited multiple cities in China, engaging with enterprises, renowned universities, and government organizations to foster collaboration and resource sharing [11]

人民财讯9月17日电，据贵州日报，9月16日，贵州省委书记徐麟，省委副书记、省长李炳军在贵阳会见 招商局集团有限公司党委副书记、总经理石岱一行。徐麟、李炳军说，希望招商局集团在交通物流、综 合金融、数字经济等方面进一步加大对贵州支持力度，携手促进双方合作不断迈上新台阶。石岱说，招 商局集团将持续深耕贵州，发挥自身优势、深挖合作潜力，推动双方战略合作协议落到实处，为贵州经 济社会高质量发展贡献力量。 ...

Core Viewpoint - Goldman Sachs has raised the net profit forecasts for China Merchants Port (00144) and COSCO Shipping Ports (01199) for 2025 to 2027 by 2% to 6% [1] Company Summaries - COSCO Shipping Ports is favored due to strong performance at its European terminals and improved performance at Qianhai Port, with a projected dividend yield of 5% in 2025 and a target price increase from HKD 5.3 to HKD 6, rated as "Buy" [1] - China Merchants Port's target price has been raised from HKD 13.1 to HKD 14.2, rated as "Neutral" [1] Industry Insights - Despite increased US tariffs and trade uncertainties, the container throughput at mainland ports grew by 7% year-on-year in the first half of the year [1] - Future growth projections indicate year-on-year increases of 4.6%, 2.7%, and 2.5% for 2025, 2026, and 2027 respectively, suggesting a slowdown to 2% growth in the second half of 2025 [1] - China Merchants Port anticipates a 2% price increase in contract negotiations for 2026, while other operators expect no further price hikes beyond inflation adjustments [1] - Both China Merchants Port and COSCO Shipping Ports are optimistic about contract price growth for overseas terminals due to faster throughput growth and rising costs [1]

Core Viewpoint - Goldman Sachs has raised the net profit forecasts for China Merchants Port (00144) and COSCO Shipping Ports (01199) for 2025 to 2027 by 2% to 6% [1] Group 1: Company Analysis - COSCO Shipping Ports is favored due to strong performance at its European terminals and improved performance at Qianhai Port, with a projected dividend yield of 5% in 2025 and a target price increase from HKD 5.3 to HKD 6, rated as "Buy" [1] - China Merchants Port's target price has been raised from HKD 13.1 to HKD 14.2, rated as "Neutral" [1] Group 2: Industry Outlook - Despite the backdrop of increased U.S. tariffs and trade uncertainties, the container throughput at mainland ports grew by 7% year-on-year in the first half of the year [1] - Future growth projections indicate year-on-year increases of 4.6%, 2.7%, and 2.5% for 2025, 2026, and 2027 respectively, suggesting a slowdown to 2% growth in the second half of 2025 [1] - China Merchants Port anticipates a 2% price increase in contract negotiations for 2026, while other operators expect no further price hikes beyond inflation adjustments [1] - Both China Merchants Port and COSCO Shipping Ports are optimistic about contract price growth for overseas terminals due to faster throughput growth and rising costs [1]

Core Viewpoint - Despite the increase in US tariffs and trade uncertainties, the container throughput at mainland ports grew by 7% year-on-year in the first half of the year [1] Group 1: Future Growth Projections - Goldman Sachs forecasts annual growth rates for container throughput of 4.6%, 2.7%, and 2.5% for the years 2025, 2026, and 2027 respectively, indicating a slowdown to 2% in the second half of 2025 [1] Group 2: Pricing and Contract Negotiations - China Merchants Port aims to increase contract prices by 2% in negotiations for 2026, while other operators expect no further price hikes beyond inflation adjustments [1] - Both China Merchants Port and COSCO Shipping Ports are optimistic about contract price growth for overseas terminals due to faster throughput growth and rising costs [1] Group 3: Profit Forecasts and Stock Ratings - Goldman Sachs raised net profit forecasts for China Merchants Port and COSCO Shipping Ports by 2% to 6% for the years 2025 to 2027 [1] - COSCO Shipping Ports is favored due to strong performance at European terminals and improved performance at Qianhai Port, with an expected dividend yield of 5% in 2025; target price increased from HKD 5.3 to HKD 6, rated "Buy" [1] - Target price for China Merchants Port increased from HKD 13.1 to HKD 14.2, rated "Neutral" [1]