Core Viewpoint - China Merchants Port (00144.HK) announced the issuance of USD 200 million guaranteed subordinated notes with an interest rate of 3.875% [1] Group 1 - The issuer, CMHI Finance (BVI) Co., Ltd, has exercised its redemption right to redeem all outstanding notes as of October 9, 2025 [1] - As of the date of the announcement, there are no outstanding balances under the notes [1] - The issuer has applied to the Stock Exchange for the withdrawal of the notes from listing, expected to take effect at the end of trading hours on October 20, 2025 [1]

Core Viewpoint - CMHI Finance (BVI) Co., Ltd has exercised its redemption rights for all outstanding notes, completing the redemption of the entire $200 million subordinated notes with an interest rate of 3.875% [1] Group 1 - The issuer has redeemed all outstanding notes as of October 9, 2025, resulting in no remaining balance under this note [1] - The issuer has applied to the Hong Kong Stock Exchange for the withdrawal of the note listing, which is expected to take effect at the end of trading hours on October 20, 2025 [1]

Core Viewpoint - CMHI Finance (BVI) Co., Ltd has exercised its redemption rights to redeem all outstanding notes amounting to USD 200 million with an interest rate of 3.875% [1] Group 1 - The issuer has completed the redemption of all outstanding notes as of October 9, 2025 [1] - As of the date of the announcement, there are no outstanding balances under this note [1] - The issuer has applied to the Hong Kong Stock Exchange for the withdrawal of the note listing [1] Group 2 - The expected effective date for the withdrawal of the note listing is at the end of business on October 20, 2025 [1]

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，概不就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。 贖回完成 CMHI Finance (BVI) Co., Ltd （於英屬維爾京群島註冊成立之有限公司） 利率為3.875厘之200,000,000美元有擔保次級票據 （ISIN: XS2238813518；共同編碼：223881351） （股份代號：40409） 由 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） 無條件及不可撤回地擔保 茲提述招商局港口控股有限公司（「本公司」）2020年10月9日發佈的關於由CMHI Finance (BVI) Co., Ltd（「發行人」）發行的及由本公司提供無條件及不可撤回地擔保 的，利率為3.875厘之2億美元有擔保次級票據（「票據」）發行及上市之公告（「該公 告」）。本公告中所使用的未作定義的簡稱均適用其在該公告中的含義。 根據票 ...

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 | | ...

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]