China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary) Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2025-018 CHINA MERCHANTS PORT GROUP CO. LTD.ANNUAL REPORT 2024 (SUMMARY) Part I Important Notes This Summary is based on the full Annual Report of China Merchants Port Group Co. Ltd.(hereinafter referred to as the “Company”). In order for a full understanding of the Company’s operating results financial position and future development plans investors should carefully read the aforesaid full text on the media designated by the China Securities Regulatory Commission (the “CSRC”).This Summary is prepared in both Chinese and English. Should there be any discrepancy between the two versions the Chinese version shall prevail.All the Company’s directors have attended the Board meeting for the review of this Report and its summary.Independent auditor’s modified opinion: □ Applicable √ Not applicable Board-approved final cash and/or stock dividend plan for the Reporting Period: √ Applicable □ Not applicable Bonus issue from capital reserves: □ Yes √ No The Board has approved a final dividend plan as follows: based on the Company’s total share capital (exclusive of the repurchased shares) at the record date of the dividend payout a cash dividend of RMB7.40 (tax inclusive) per 10 shares is to be distributed to shareholders with no bonus issue from either profit or capital reserves.Board-approved final cash and/or stock dividend plan for preferred shareholders for the Reporting Period : □ Applicable √ Not applicable Please refer to the full Annual Report for the definitions of the abbreviations mentioned in this 1China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary) Summary.Part II Key Corporate Information 1. Stock Profile CM Port Group/ 001872/ Stock name Stock code CM Port Group B 201872 Stock exchange for stock Shenzhen Stock Exchange listing Contact information Board Secretary Securities Representative Name Liu Libing Hu Jingjing 24/F China Merchants Port 24/F China Merchants Port Plaza 1 Gongye 3rd Road Plaza 1 Gongye 3rd Road Address Zhaoshang Street Nanshan Zhaoshang Street Nanshan Shenzhen PRC Shenzhen PRC Fax +86 755 26886666 +86 755 26886666 Tel. +86 755 26828888 +86 755 26828888 Email address Cmpir@cmhk.com Cmpir@cmhk.com 2. Main business of the Company during the Reporting Period (1) Principal Activities of the Company during the Reporting Period The Company’s core business includes port investment port operation port logistics and smart technology.The Company has established a comprehensive port network across the hub locations along coastal China and the terminals which the Company invested in or invested in and managed are located in hub locations across Hong Kong Taiwan Shenzhen Ningbo Shanghai Qingdao Tianjin Dalian Zhangzhou Zhanjiang and Shantou as well as in Asia Africa Europe Oceania South and North America amongst others. Port investment includes oversea and domestic port investments. The Company puts emphasis on its presence in global major hub locations gateway ports and regions with huge market potential rapid economic growth and promising development in order to capture investment opportunities in ports logistics and related infrastructure and further improve the global port network. Port operation mainly includes containers and bulk cargo handling and warehousing services. The Company focuses on the construction and management of leading port and the improvement of service so as to provide clients with higher-quality port services.In terms of port logistics leveraging on the innovative park business models and services the Company conducts in-depth exploration of synergy value between ports and parks and provides customers with diversified value-added services including warehousing leasing customs clearance division or merger of cargoes documentation services amongst others in Shenzhen Qianhaiwan Bonded Port Zone Qingdao Qianwan Bonded Port Zone Tianjin Dongjiang Bonded Port Zone Djibouti International Free Trade Zone Hambantota Industrial Park. The Company focuses on port- related business innovation and supply chain logistics and promotes the development of port tugboat service tallying business and engineering supervision and management business. The Company 2China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary) integrates the port ecological service resources promotes the collaboration and cooperation between the upstream and downstream of the port logistics value chain and lays a key focus on the openness and sharing of resources to advance the smooth trade development as well as the efficient operation of the logistics information flow and capital flow of the port service chain and further help customers reduce costs and increase efficiency.The smart technology business focuses on the application of new generation of informationtechnology such as big data Internet of Things (IoT) and artificial intelligence promotes “digitalintelligence” and “green” upgrades and continues to empower the core businesses such as the production management services and ecology of the port. Smart technology injects new momentum into the development of the port enterprises.The main business segments of the Company are as follows: Business content The Company puts emphasis on its presence in global major hub locations gateway ports and regions with huge market potential rapid economic growth and promising Port investment development in order to capture investment opportunities in ports logistics and related infrastructure and further improve the global port network.Containers: The Company provides ship berthing loading and unloading services to ship companies offers container storage service to ship companies and cargo owners and provides overhead box services to tractor companies. The Company also engages in the businesses of division or merger of cargoes in containers container leasing Port operation and container maintenance; Bulk cargoes: The Company is engaged in bulk cargo handling and transportation in port zones as well as storage services in yards. The major types of cargoes handled include ores grain forage oil and coal.The Company provides various services including warehouse/yard leasing loading and unloading in warehouses/yards customs clearance and division or merger of cargoes at terminals intermodal transportation logistics and transportation and value-added warehousing services for clients (including logistics companies trading companies or cargo owners). Relying on the port-surrounding land resources the Company conducts the comprehensive development to enhance the land value.Enhancing the value of commercial properties and providing its customers with Port logistics quality property leasing and other related services. The port tugboat service tallying business and engineering supervision and management business and the Company integrates the port ecological service resources promotes the collaboration and cooperation between the upstream and downstream of the port logistics value chain and lays a key focus on the openness and sharing of resources to advance the smooth trade development as well as the efficient operation of the logistics information flow and capital flow of the port service chain and further help customers reduce costs and increase efficiency.Focusing on the application of new generation of information technology such asbig data Internet of Things (IoT) and artificial intelligence promoting “digitalSmart intelligence” and “green” upgrades and continuing to empower the port’s core technology businesses such as the production management services and ecology of the port.Smart technology injects new momentum into the development of the port enterprises. (2) Development stage and cyclical characteristic of the industry in which the Company operates and its industry position during the Reporting Period 3China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary) The Company is a global leading port investor developer and operator as one of the top port operators in the world and has the resource endowment and unique advantages to build a world-class comprehensive port service provider. In terms of scale as at the end of the reporting period the Company has established a relatively complete port network at major hub locations along coastal China with its presence in 51 ports in 26 countries and regions including Asia Africa Europe Oceania South and North America. According to the statistics of Drewry in 2023 the Company’s equity throughput of containers reached 55.00 million TEUs ranking among the top global port operators. In terms of quality the master terminals controlled by the Company have occupied various market and regional leading positions. Leveraging on the good ground of port technology and based on the CTOS system self-developed by CMPort the Company has worked out the worldwide first full-case full-time all-regime and multifactor traditional container terminal upgrading solution and has built the trade facilitation platform for the Guangdong-Hong Kong-Macao Greater Bay Area through blockchain technology which has been extended to 30 terminals to help enhance the trade facilitation level in the Greater Bay Area. In addition the Company continued to promote ESG construction and strived to create an ESG port benchmark in the industry. In terms of performance the Company has continually promoted high-quality development and has been an industry leader in terms of net profit margin and overall labour productivity and other indicators. 3. Key Financial Information (1) Key Financial Information of the Past Three Years Indicate by tick mark whether there is any retrospectively restated datum in the table below.□ Yes √ No 2024-over- 202420232022 2023 change Operating income 16130778028.2415750475780.222.41%16230489127.55 (RMB) Net profit attributable to the listed 4516301317.163571800762.1626.44%3338693816.70 company’s shareholders (RMB) Net profit attributable to the listed company’s 4047031601.713339226783.7321.20%3365017880.33 shareholders before exceptional gains and losses (RMB) Net cash generated from operating 8013212824.40 6579606635.17 21.79% 6920377390.35 activities (RMB) Basic earnings per 1.811.4326.57%1.61 share (RMB/share) Diluted earnings per 1.811.4326.57%1.61 share (RMB/share) Weighted average 7.51%6.35%1.16%7.54% return on equity (%) Change of 31 December 31 December 2024 31 December 2023 2024 over 31 31 December 2022 December 2023(%) 4China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary) Total assets (RMB) 201517851881.45 198557296667.26 1.49% 197587102447.31 Equity attributable to the listed company’s 61502739842.96 58847592947.55 4.51% 54291425886.65 shareholders (RMB) (2) Key Financial Information by Quarter Unit: RMB Q1 Q2 Q3 Q4 Operating income 3866684797.87 4108508285.77 4191147919.01 3964437025.59 Net profit attributable to the listed company’s 1036713969.25 1510114486.83 1189284910.16 780187950.92 shareholders Net profit attributable to the listed company’s 812854501.461351291291.541191951524.77690934283.94 shareholders before exceptional gains and losses Net cash generated from 1423655572.281698728132.752277775237.832613053881.54 operating activities Indicate by tick mark whether any of the quarterly financial data in the table above or their summations differs materially from what have been disclosed in the Company’s quarterly or semiyearly reports.□ Yes √ No 4. Share Capital and Shareholder Information at the Period-End (1) Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders Unit: share Number of preferred Number of shareholders 33203 (22939 ordinary 36000 Number of preferred Number of with resumed A-shareholder shareholders at (25724 A- shareholders with ordinary voting rights at s and 10264 the month-end shareholders resumed voting rights 0 0 shareholders at the month-end B-shareholder prior to the and 10276 B- at the period-end (if the period-end prior to the s) disclosure of shareholders) any) disclosure of this Report this Report (if any) 5% or greater shareholders or top 10 shareholders Sharehold Increase/dec Total shares Name of Nature of ing rease in the Restricted Unrestricted held at the Shares in pledge or frozen shareholder shareholder percentag Reporting shares held shares held period-end e Period CHINA MERCHANTS PORT Foreign INVESTMENT legal 45.92% 1148648648 0 0 1148648648 0 DEVELOPMENT person COMPANY LIMITED 5China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary) ZHEJIANG PROVINCIAL State- SEAPORT owned INVESTMENT & 23.06% 576709537 0 576709537 0 0 legal OPERATION person GROUP CO.LTD.CHINA MERCHANTS State- GANGTONG owned 14.83%370878000003708780000 DEVELOPMENT legal (SHENZHEN) person CO. LTD.SHENZHEN INFRASTRUCTU RE INVESTMENT FUND- Fund and SHENZHEN wealth INFRASTRUCTU managemen 2.59% 64850182 0 0 64850182 0 RE t products INVESTMENT etc.FUND PARTNERSHIP (LIMITED PARTNERSHIP) State- BROADFORD owned GLOBAL 2.21% 55314208 0 0 55314208 0 legal LIMITED person State- CHINA-AFRICA owned DEVELOPMENT 0.62% 15610368 -26579783 0 15610368 0 legal FUND person HONG KONG Foreign SECURITIES legal 0.34% 8476141 4140380 0 8476141 0 CLEARING person COMPANY LTD.Domestic ZOU YANMIN natural 0.20% 4880409 4880409 0 4880409 0 person CHINA CONSTRUCTION BANK Fund and CORPORATION- wealth YINHUA managemen 0.16% 4078300 4078300 0 4078300 0 WEALTH t products THEME MIXED etc.SECURITIES INVESTMENT FUND MORGAN STANLEY INVESTMENT Foreign MANAGEMENT legal 0.12% 2912000 2912000 0 2912000 0 COMPANY- person MORGAN STANLEY CHINA A FUND 6China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary) Among the foregoing shareholders Shenzhen Infrastructure Investment Fund-Shenzhen Infrastructure Investment Fund Partnership (Limited Partnership) subscribed for 64850182 shares of the Company offered in a non-public manner in 2019 for raising supporting funds at RMB17.16 per share. The subscribed shares were floated on Shenzhen Stock Exchange on 4 November 2019 Strategic investors or general and the lock-in period lasted until 4 November 2020. China-Africa Development Fund subscribed legal person becoming top-ten for 64102564 shares of the Company offered in a non-public manner in 2019 for raising supporting ordinary shareholders due to funds at RMB17.16 per share. The subscribed shares were floated on Shenzhen Stock Exchange on placing of new shares (if any) 4 November 2019 and the lock-in period lasted until 4 November 2020. Zhejiang Provincial Seaport Investment & Operation Group Co. Ltd. subscribed for 576709537 shares of the Company offered in a non-public manner at RMB18.50 per share. The subscribed shares were floated on Shenzhen Stock Exchange on 12 October 2022 and the lock-in period lasts until 12 October 2025. 1. Broadford Global Limited is entrusted to manage the 74.66% shares of Rainbow Reflection Limited held by China Merchants Holdings (Hong Kong) Company Limited and China Merchants Related or acting-in-concert Port Investment Development Company Limited is the wholly-owned subsidiary of Rainbow parties among the shareholders Reflection Limited.above 2. Broadford Global Limited is the controlling shareholder of China Merchants Gangtong Development (Shenzhen) Co. Ltd.The Company does not know whether the other unrestricted shareholders are related parties or not.Broadford Global Limited is entrusted to manage the 74.66% shares of Rainbow Reflection Limited Above shareholders involved in held by China Merchants Holdings (Hong Kong) Company Limited and China Merchants Port entrusting/being entrusted and Investment Development Company Limited is the wholly-owned subsidiary of Rainbow Reflection giving up voting rights Limited.Special account for share repurchases (if any) among the None top 10 shareholders (see note 10) Top 10 unrestricted shareholders Shares by type Name of shareholder Unrestricted shares held at the period-end Type Shares CHINA MERCHANTS PORT RMB INVESTMENT 1148648648 ordinary 1148648648 DEVELOPMENT COMPANY share LIMITED CHINA MERCHANTS RMB GANGTONG 370878000 ordinary 370878000 DEVELOPMENT share (SHENZHEN) CO. LTD.SHENZHEN INFRASTRUCTURE INVESTMENT FUND- RMB SHENZHEN 64850182 ordinary 64850182 INFRASTRUCTURE share INVESTMENT FUND PARTNERSHIP (LIMITED PARTNERSHIP) Domestical BROADFORD GLOBAL ly listed 5531420855314208 LIMITED foreign share RMB CHINA-AFRICA 15610368 ordinary 15610368 DEVELOPMENT FUND share RMB HONG KONG SECURITIES 8476141 ordinary 8476141 CLEARING COMPANY LTD share Domestical ly listed ZOU YANMIN 4880409 4880409 foreign share CHINA CONSTRUCTION BANK CORPORATION- RMB YINHUA WEALTH THEME 4078300 ordinary 4078300 MIXED SECURITIES share INVESTMENT FUND 7China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary) MORGAN STANLEY INVESTMENT RMB MANAGEMENT COMPANY- 2912000 ordinary 2912000 MORGAN STANLEY CHINA share A FUND Domestical ly listed QIAN GUANGHAI 2491064 2491064 foreign share 1. Broadford Global Limited is entrusted to manage the 74.66% shares of Rainbow Reflection Limited held by China Merchants Holdings (Hong Kong) Company Limited and China Merchants Related or acting-in-concert Port Investment Development Company Limited is the wholly-owned subsidiary of Rainbow parties among the shareholders Reflection Limited.above 2. Broadford Global Limited is the controlling shareholder of China Merchants Gangtong Development (Shenzhen) Co. Ltd.The Company does not know whether the other unrestricted shareholders are related parties or not.Top 10 ordinary shareholders involved in securities margin N/A trading (if any) 5% or greater shareholders top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending □ Applicable √ Not applicable Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the prior period □ Applicable √ Not applicable (2) Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable No preferred shareholders in the Reporting Period. (3) Ownership and Control Relations between the Actual Controller and the Company 8China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary) Note: The Company disclosed the Announcement on the Proposed Change in Shareholding Structure of the Controlling Shareholder on 14 December 2024 in which Broadford Global Limited the controlling shareholder of the Company transferred 74.66% of the shares of Rainbow Reflection Limited held by China Merchants Holdings (Hong Kong) Company Limited and at the same time all the aforesaid transferred shares were entrusted to Broadford Global Limited for management by China Merchants Holdings (Hong Kong) Company Limited.On 24 January 2025 the Company received the updated registers of members of Rainbow Reflection Limited and Broadford Global Limited and was informed that China Merchants Holdings (Hong Kong) Company Limited was registered as a shareholder of Rainbow Reflection Limited (holding 21120986262 ordinary shares in the share capital of Rainbow Reflection Limited representing 74.66% of the total share capital of Rainbow Reflection Limited) and Broadford Global Limited had completed the share cancellation procedures. Since then the transfer and trusteeship of shares were completed and the change in the shareholding structure of the controlling shareholder was completed. For specific details please refer to the announcement released by our company on January 25 2025 regarding the completion of changes in the shareholding structure of the controlling shareholder. 5. Outstanding Bonds at the Date when this Report Was Authorized for Issue (1) Bond Profile Outstanding balance Interest Bond name Abbr. Bond code Issue date Maturity (RMB’0000) rate 2022 Public Offering of 22 CMPort 29 August 2022 to Corporate 148052 30 August 2025 300000.00 2.69% 01 30 August 2022 Bonds of China 9China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary) Outstanding balance Interest Bond name Abbr. Bond code Issue date Maturity (RMB’0000) rate Merchants Port Group Co. Ltd. (for professional investors) (Phase I) 2024 Public Offering of Sci-Tech Innovation Corporate Bonds of 24 CMPort 22 August 2024 to China 148877 23 August 2029 200000.00 2.18% K1 23 August 2024 Merchants Port Group Co. Ltd. (for professional investors) (Phase I) Interest payment during the During the Reporting Period interest on “22 CMPort 01” for the period from 30 August 2023 to Reporting Period 29 August 2024 was paid on 30 August 2024. (2) Latest Rating and Rating Change On 29 February 2024 China Chengxin International Credit Rating Co. Ltd. (CCXI) issued the 2024 Follow-up Rating Report (XPWHZ [2024] No. 0305). CCXI granted the corporate credit rating of AAA to the Company with a rating outlook of Stable.During the Reporting Period there is no rating difference in the main ratings of other bonds and debt financing instruments issued by the Company in China. (3) The Major Accounting Data and the Financial Indicators of the Recent 2 Years of the Company up the Period-end Item 31 December 2024 31 December 2023 Change Current ratio 79.27% 80.71% -1.78% Debt/asset ratio 36.40% 36.76% -0.36% Quick ratio 77.36% 79.96% -3.25% 2024 2023 Change Net profit before exceptional 404703.16333922.6821.20% gains and losses (RMB ’0000) EBITDA/debt ratio 21.28% 19.65% 1.63% Interest cover (times) 4.49 3.85 16.62% Cash-to-interest cover (times) 5.05 4.38 15.30% EBITDA-to-interest cover 6.926.2810.19% (times) Debt repayment ratio (%) 100.00% 100.00% - Interest payment ratio (%) 100.00% 100.00% - Part III Significant Events 10China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary) 1. Implementation Situation of Operation Scheme During the Reporting Period During the reporting period the Company adhered to the general principle of seeking progress while maintaining stability. Aiming at the goal of achieving “world-class” the Company maintained strategic stability combined integrity and innovation strengthened the controlled business optimized management refined operations expanded the layout and prolonged the new chapter of high-quality development resulting in all-time high performance and satisfactory results. (1) Homebase port construction: Strengthening the homebase port foundation and enhancing core competitiveness. The West Shenzhen Port Zone achieved a record high container throughput surpassing 15 million TEUs with the market share of foreign trade containers in Shenzhen Port exceeding 50% significantly enhancing its homebase port status. The bulk cargo business remained stable with a positive trend with compound fertilizer and rapeseed maintaining the No.1 market share nationwide while imported wheat meal and domestic trade corn maintained the No.1 market share in South China. CICT in Sri Lanka expanded new quality routes and strengthened cooperation with shipping companies resulting in both container volume and profit growth. HIPG steadily launched its container business. Its port functions have been increasingly strengthened and the business indicators have steadily improved. (2) Overseas expansion: Key projects implemented and existing projects performed well. The Company vigorously promoted its international strategy. China Merchants Port a holding subsidiary of the Company successfully completed the acquisition of 51% equity interests in the NPH project in Indonesia at the end of June 2024 marking its first step into the Indonesian market and further expanding its port network in Southeast Asia. In addition existing overseas projects achieved strong performance across multiple areas with the business volume revenue and net profit of overseas controlled subsidiaries CICT in Sri Lanka TCP in Brazil and LCT in Togo all hitting record highs underscoring the Company’s strengths in global presence and internationalized operations. (3) Operation management: Deepening lean management and achieving cost leadership. In terms of lean management the Company systematically established the COE mechanism and promoted it across the controlled subsidiaries forming replicable management experience and achieving two-level interplay with remarkable results. Meanwhile the Company’s engineering management capability and business control capability have been significantly enhanced through the optimization of its organizational structure and improvement of its policies and mechanisms. In terms of cost leadership from the meticulous mindset of “Every Little Bit Makes a Difference” to the concept of “Big Cost Perspective” the Company continuously improved the “Refined CostControl System” with its own characteristics further enhancing its profitability. (4) Technological innovation: Digital intelligence empowerment to drive industrial upgrades. Mawan Smart Port passed the on-site assessment of “Five-Star China’s Smart Port”. “CMCore” CTOS was deployed again in the European market with agreements signed with MITO Terminal and Duferco Terminal in Italy for CTOS licensing implementation and maintenance. The Company built Internet of Things applications and a “digital base” achieving full connectivity of IoT devices and facilities in terminals. The autonomous driving product enabled system scheduling of unmanned vehicles in the pilot port area with operational efficiency in pole efficiency and vehicle efficiency surpassing industry levels. In cooperation with AI model manufacturers the Company launched “AI+” which includes equipment maintenance assistants system compliance assistants and port operation assistants. (5) Green transformation: Accelerating green transition and exploring new energy bunkering. The Company continued to improve the “Dual Carbon” management mechanism and promoted the 11China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary) use of clean energy and new technologies adding 12.3 MW of photovoltaic power generation throughout the year reducing carbon emissions by approximately 86 million tonnes annually. In the West Shenzhen Port Zone 185 trailers were replaced with new energy vehicles and investment was made in the construction of a power swap station. CICT in Sri Lanka carried out electrification transformation for 54 trailers. Additionally the Company collaborated with Guangzhou Port to explore the development of clean energy bunkering business. (6) Deepening reforms: Advancing “Double Hundred Action” to stimulate corporate vitality.In 2024 as a Double Hundred Enterprise the Company actively advanced the “Double HundredReform” comprehensively promoting recruitment through competitive examination strengtheningperformance appraisal and effectively implementing the six-measure mechanism of “promotion ordemotion employment or dismissal and salary increment or decrement”. The Company continuously improved corporate governance established a value creation benchmarking system and promoted hierarchical streamlining achieving a series of results that stimulated corporate vitality. (7) ESG construction: Promoting decentralized management and achieving new rating milestones. The Company pushed forward the decentralization of ESG management establishing a vertical and coordinated interoperability mechanism from headquarters to subsidiaries and strengthened promotional efforts through special meetings on-site research and training. Regarding ESG ratings according to WIND’s ESG rating results the Company achieved an “AA” rating.Additionally the Company’s controlled subsidiary China Merchants Port received an ESG rating upgrade to “BBB” from MSCI the highest rating among A-share and Hong Kong-listed portcompanies. Both CICT and HIPG in Sri Lanka were honored with the title of “Sri Lanka’s MostSignificant Foreign Direct Investment Contributors” by the Board of Investment of Sri Lanka (BOI). 2. Operating Division Product Category Operating Segment or Distribution Model Contributing over 10% of Operating Income or Operating Profit Unit: RMB YoY YoY YoY change in Gross change in change in gross Operating income Operating costs profit operating operating profit margin income costs (%) margin (%) (%) By operating division Port 15362612360.498650328835.3443.69%2.17%-1.66%2.19% operations By operating segment Mainland China Hong 10621214882.766725522057.7136.68%-3.08%-6.61%2.40% Kong and Taiwan Other countries and 5509563145.48 2470494634.64 55.16% 14.98% 16.73% -0.67% regions 12China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary) 3. YoY Changes to the Scope of Consolidated Financial Statements On 28 June 2024 CMPort Holdings the holding subsidiary of the Company completed the acquisition of 51% equity interest in NPH in Indonesia. From this date the Company has the right to appoint the majority of the board members of NPH which is the authority to lead the relevant business of NPH. Therefore the Company is able to control NPH and thus includes it in the Company’s consolidated financial statements.China Merchants Port Group Co. Ltd.Board of Directors Dated 3 April 2025 13