Core Insights - The signing and groundbreaking ceremony for the Yizheng Shipbuilding Supporting Industry Park took place on September 25, with a total investment of approximately 5 billion yuan and a planned area of about 900 acres [2] - The project aims to establish a "world-class shipbuilding and marine engineering equipment advanced manufacturing industry cluster" in collaboration with major state-owned enterprises [2][3] - The Yizheng Shipbuilding Supporting Industry Park is expected to produce nearly 20 ships annually, generating an output value of 10 billion yuan [2] Company Developments - The project is a collaboration between the Jiangsu provincial government and China Merchants Group, which has a long-standing partnership with Yangzhou [3] - The Jiangsu Jinling Shipyard, a core member of China Merchants Industry, has a strong reputation in the roll-on/roll-off ship manufacturing sector, recognized as a national manufacturing "single champion" [4] - The Jinling Shipyard has recently returned to the container shipbuilding market, securing multiple orders for new generation container ships, including 6 units of 1800TEU and 2+2 units of 2280TEU dual-fuel container ships [5] Industry Context - Yangzhou is positioning itself as a modern industrial city, focusing on a modern industrial system characterized by "6 clusters and 13 chains" [2] - The shipbuilding industry in Yangzhou has seen significant growth, with the shipbuilding industrial chain's output value increasing at the highest rate among 13 emerging industrial chains last year [2] - The establishment of the Yizheng Shipbuilding Supporting Industry Park is part of a broader strategy to enhance the competitiveness and brand reputation of Yangzhou's shipbuilding sector [3]

Core Viewpoint - CICC's research report indicates that China Merchants Port (0144.HK) achieved expected performance in the first half of the year, with revenue and profit growth reflecting operational stability and strategic initiatives [1] Financial Performance - Revenue increased by 14.9% year-on-year to HKD 6.51 billion [1] - Net profit rose by 2.4% to HKD 4.83 billion [1] - Recurring profit grew by 9.8% to HKD 4.97 billion [1] - Interim dividend per share is HKD 0.22, with a payout ratio of 17.3%, up by 0.13 percentage points year-on-year [1] Strategic Initiatives - The company is focusing on building smart port operations to enhance operational efficiency [1] - There are plans to further expand its global network and establish a high-quality asset portfolio [1] Valuation and Ratings - CICC maintains its profit forecast for the fiscal years 2022 and 2023 unchanged [1] - Current stock price corresponds to a price-to-earnings ratio of approximately 5.4 and 5.2 times for 2022 and 2023, respectively [1] - CICC retains a "outperform industry" rating for China Merchants Port, with a target price reduced by 14.4% to HKD 15.7, equating to forecasted price-to-earnings ratios of 7.2 times and 6.9 times for the next two years [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年9月30日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 招商局港口控股有限公司 | | | 呈交日期: | 2025年10月2日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） 不適用 第 3 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00144 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | ...

Group 1 - The "CM HONG KONG" vessel is the world's first 9300CEU methanol dual-fuel powered ro-ro ship, marking a significant advancement in shipping technology [1][3] - The vessel can switch between fuel oil and methanol, achieving over 70% emissions reduction when using green methanol [3][4] - The ship's maiden voyage will execute a route from China to Europe, highlighting its role in promoting green shipping practices [3][6] Group 2 - The Hong Kong government emphasizes the integration of technological innovation and environmental protection in shipping, aligning with national and local emission reduction goals [3][4] - Hong Kong has already supplied over 130,000 tons of green marine fuel from February to mid-September this year, supporting the development of a green fuel ecosystem [3][4] - The "CM HONG KONG" vessel is expected to make six round trips to Europe annually, transporting nearly 60,000 vehicles, and will also serve Southeast Asia routes, enhancing China's automotive exports [6]

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]