招港B：2024年半年度报告摘要(英文版)

Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2024-064

CHINA MERCHANTS PORT GROUP CO., LTD.

INTERIM REPORT 2024 (SUMMARY)

Part I Important Notes

This Summary is based on the full Interim Report of China Merchants Port Group Co., Ltd.(hereinafter referred to as the “Company”). In order for a full understanding of the Company’soperating results, financial position and future development plans, investors should carefully readthe aforesaid full report on the media designated by the China Securities Regulatory Commission(the “CSRC”).All the Company’s directors have attended the Board meeting for the review of this Report and itssummary.Independent auditor’s modified opinion:

□ Applicable √ Not applicable

Board-approved interim cash and/or stock dividend plan for ordinary shareholders:

□ Applicable √ Not applicable

The Company has no interim dividend plan, either in the form of cash or stock.Board-approved interim cash and/or stock dividend plan for preferred shareholders:

□ Applicable √ Not applicable

Note: For the meanings of the abbreviations in this Summary, please refer to the information underthe heading “Definitions” in the full Interim Report.This Report and its summary have been prepared in both Chinese and English. Should there be anydiscrepancies or misunderstandings between the two versions, the Chinese versions shall prevail.Part II Key Corporate Information

1. Stock Profile

2. Key Financial Information

Indicate by tick mark whether there is any retrospectively restated datum in the table below.

□ Yes √ No

3. Shareholders and Their Holdings as at the End of the Reporting Period

Unit: share

5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved inrefinancing shares lending

Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shareslending/return compared with the prior period

□ Applicable √ Not applicable

4. Change of the Controlling Shareholder or the Actual Controller in the Reporting PeriodChange of the controlling shareholder in the Reporting Period:

□ Applicable √ Not applicable

The controlling shareholder remained the same in the Reporting Period.Change of the actual controller in the Reporting Period:

□ Applicable √ Not applicable

The actual controller remained the same in the Reporting Period.

5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable √ Not applicable

No preferred shareholders in the Reporting Period.

6. Outstanding Bonds at the Date when this Report Was Authorized for Issue

(1) Bond Profile

(2) Relevant Financial Information as at the End of the Reporting Period

Part III Significant Events

1. Business Overview of the Reporting Period

(1) Overview of port business

In the first half of 2024, both domestic and overseas port markets showed relatively faster growth.The Company’s port business outperformed the industry as a whole and increased its market sharein major regions. The Company’s ports handled a total container throughput of 95.786 millionTEUs, up by 10.0% year-on-year. Bulk cargo volume handled by the Company’s ports increased by

1.0% year-on-year to 636 million tonnes.

(2) Implementation Situation of Operation Scheme During the Reporting Period

During the reporting period, the Company continued to follow the working direction of “seekingprogress while maintaining stability, stable yet progressive growth, and breakthrough afterrevitalization”, capturing the opportunities of global economic and trade recovery and the reboundof the international shipping market. The Group focused on endogenous growth and innovation andupgrade. Through reform-driven development, the Company achieved significant results in globallayout, advanced the development of the homebase port to a new level, and made substantialprogress in lean operations. The Company’s key performance indicators showed better growth,taking solid steps towards high quality development.

① As for homebase port construction, the Company maintained its locational advantages andextended the industrial chain. The performance of the West Shenzhen Port Zone businesssurpassed the overall level of Shenzhen Port and its market share of container business in theforeign trade market of Shenzhen Port exceeded 50% for the first time, reaching a record high interms of container throughput; and its bulk cargo business continued to maintain the advantageousposition with multiple types of cargos. Its market share of imported meals and compound fertilizersranked 1st in national single ports and its imported rapeseed, wheat and internally traded cornranked 1st in regional single ports, showing its stable and top position of chemical fertilizerbusiness. Sri Lanka homebase port continued to carry out the construction of an internationalshipping center in South Asia. CICT continuously optimized its routes layout, focusing onexpanding the local cargo market and consolidating its fundamental feature, resulting in an increasein market share of local cargo. HIPG accelerated its transformation and upgrade, continuouslyimproved its core competitiveness, launched the container business, consolidated the RORObusiness, actively explored the value-added services for the RORO business, promoted the refiningand chemical project by Sinopec as well as strengthened the infrastructure construction. As a result,it achieved business diversification and rapid growth.

② In respect of operation management, the Company strengthened business coordination andintensified lean management. With regard to marketing and commerce, the Group enhanced theservice quality and strengthened business coordination. It unified the market and commercemanagement system and established market information sharing and joint marketing plans, and

focused on changes in global shipping alliance routes to form agile business strategies. In terms oflean operation, the Company leveraged on SMP to build a one-stop integrated managementplatform to support the business analysis of container, bulk cargo, logistics park, comprehensivedevelopment and smart technology. The Group made use of the smart tools to drive the reform ofChina Merchant Ports’ operation and management methods, models and concepts. In the meantime,the Company continued to implement the COE plan, aiming to serve the strategy, support thebusiness, and create value. By focusing on business pain points and difficulties, the Groupoptimized the value tree model of lean operation, further improving the management system andgiving impetus to strategic goal achievements.

③ In respect of technological innovation, the Company was committed to building greenports and promoting digital products. The Company has made new breakthroughs in buildinggreen ports and promoting digital products. In the first half of the year, CICT carried outelectrification transformation for its 54 trailers, added 175 new electric trailers for the WestShenzhen Port Zone, and green projects such as new photovoltaic installations were implemented inan orderly manner. CMIT, which is a technical enterprise subsidiary of the Company, entered into acooperation agreement for the container terminal operating system (“CTOS”) with MediterraneanIntermodal Terminal Operator, a subsidiary of Grendi Group in Italy. This project is the second oneto be launched in Europe following the Thessaloniki Container Terminal in Greece. The Companycontinued to strengthen technological innovation and service upgrade, and based on theinternational perspective, it explored the development of digital ports with business partners toprovide smarter and more efficient service solutions for global customers.

④ Regarding overseas expansion, the Company implemented the key projects and made newbreakthroughs in global layout. On 28 June 2024, China Merchants Port, the holding subsidiaryof the Company, completed the acquisition of 51% equity interest in NPH in Indonesia. NPH is acompany listed on the Indonesia Stock Exchange, primarily engaged in container, multi-purposeand general terminal services in Indonesia, as well as providing port equipment engineering services.It operates two container terminals at Jakarta Port, the largest container port in Indonesia. With thisacquisition, the Company has achieved a breakthrough from “zero” in controlling containerterminals in Southeast Asia. In the future, the Company will use NPH as a platform and leverage todeeply develop the Indonesian port and logistics market. In addition, the Company is advancing theSouth Asia Commercial and Logistics Hub Project as planned under the “Port + Logistics” model.This project will not only significantly enhance the local logistics service level but also attract morebusiness to Colombo Port, further enhancing Colombo Port's position as a hub port in the SouthAsia region.

⑤ In terms of intensifying reform, the Company continued to deepen reform and promoteleapfrog development. In the first half of 2024, the Company continuously carried out “DoubleHundred Actions”, took “Serving National Strategies” as its direction and focused on “improving itscore competitiveness and enhancing its core functions”. After two years of reform action, the reformof system and mechanism has obtained initial achievement, and the case “significant risk controlsystem” of the Company has been elected as one of the typical reform cases of SASAC. In respectof intensifying reform, relevant matters involving reform and innovation have been integrated bythe Company into the operational indicators of its subsidiaries. In terms of talent selection andemployment, the Company has established a hierarchical and categorized, efficient and transparentopen recruitment mechanism to ensure that the selection process was fair, impartial, and open andthe new and energetic talents were injected into the development of the Company.

⑥ In respect of the ESG construction, the Company practiced sustainable development

concept and strengthened ESG disclosure. The Company continuously improved the ESGmanagement system, optimized management practices and working policies, and integrated theESG concept into daily port operations. Meanwhile, the Company has been actively communicatingwith domestic and overseas ESG rating agencies to further enhance the breadth and depth of ESGdisclosures. The Company’s ESG performance has been recognized by authoritative institutions andmarket, with an ESG rating of AA by WIND in 2023, advancing one level as compared with lastyear.

(3) Year-on-year Changes in Key Financial Data

Unit: RMB

2. Matters Related to Financial Reporting

(1) Changes to Accounting Policies, Accounting Estimates or Measurement MethodsCompared to the Last Accounting PeriodOn 25 October 2023, the Ministry of Finance issued Interpretation No. 17 for the AccountingStandards for Business Enterprises (C.K. [2023] No.21, hereinafter referred to as “InterpretationNo. 17”), which stipulates that the provisions of “classification of current liabilities andnon-current liabilities”, “disclosure of vendor financing arrangements” and “accountingtreatments for sale-leaseback transactions” are effective from 1 January 2024 onwards. TheCompany has implemented Interpretation No. 17 from 1 January 2024 in accordance with the aboverelevant standards and circulars issued by the Ministry of Finance. Except for the above policychanges, the Company still adopts the remaining unchanged contents in the Accounting Standardsfor Business Enterprises—Basic Guidelines and specific accounting standards, the Guidelines forthe Application of the Accounting Standards for Business Enterprises, Interpretation Circulars forthe Accounting Standards for Business Enterprises, and other applicable regulations that wereissued by the Ministry of Finance in previous periods.

(2) Retrospective Restatements due to the Correction of Material Accounting Errors in theReporting Period

□ Applicable √ Not applicable

No such cases.

(3) Changes to the Scope of Consolidated Financial Statements Compared to the LastAccounting PeriodDuring the Reporting Period, CMPort Holdings, a majority-owned subsidiary of the Company,completed the acquisition of 51% equity interest in NPH in Indonesia. Upon the completion of theacquisition, NPH has been included in the Company’s consolidated financial statements.

China Merchants Port Group Co., Ltd.Board of DirectorsDated 31 August 2024