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 NotesThis 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’soperating results, financial position and future development plans, investors should carefully read theaforesaid 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 thetwo versions, the Chinese version shall prevail.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 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 ofRMB7.40 (tax inclusive) per 10 shares is to be distributed to shareholders, with no bonus issue fromeither profit or capital reserves.Board-approved final cash and/or stock dividend plan for preferred shareholders for the ReportingPeriod :

□ Applicable √ Not applicable

Please refer to the full Annual Report for the definitions of the abbreviations mentioned in this

Summary.Part II Key Corporate Information

1. Stock Profile

2. Main business of the Company during the Reporting Period

(1) Principal Activities of the Company during the Reporting PeriodThe Company’s core business includes port investment, port operation, port logistics and smarttechnology.

The Company has established a comprehensive port network across the hub locations along coastalChina, and the terminals which the Company invested in or invested in and managed are located inhub 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 NorthAmerica, amongst others. Port investment includes oversea and domestic port investments. TheCompany puts emphasis on its presence in global major hub locations, gateway ports and regionswith huge market potential, rapid economic growth and promising development, in order to captureinvestment opportunities in ports, logistics and related infrastructure and further improve the globalport network. Port operation mainly includes containers and bulk cargo handling and warehousingservices. The Company focuses on the construction and management of leading port and theimprovement 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, theCompany conducts in-depth exploration of synergy value between ports and parks, and providescustomers with diversified value-added services, including warehousing leasing, customs clearance,division or merger of cargoes, documentation services, amongst others, in Shenzhen QianhaiwanBonded 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 tugboatservice, tallying business and engineering supervision and management business. The Company

integrates the port ecological service resources, promotes the collaboration and cooperation betweenthe upstream and downstream of the port logistics value chain and lays a key focus on the opennessand sharing of resources, to advance the smooth trade development as well as the efficient operationof the logistics, information flow and capital flow of the port service chain and further help customersreduce 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 theproduction, management, services and ecology of the port. Smart technology injects new momentuminto the development of the port enterprises.

The main business segments of the Company are as follows:

(2) Development stage and cyclical characteristic of the industry in which the Companyoperates and its industry position during the Reporting Period

The Company is a global leading port investor, developer and operator, as one of the top port operatorsin the world, and has the resource endowment and unique advantages to build a world-classcomprehensive port service provider. In terms of scale, as at the end of the reporting period, theCompany has established a relatively complete port network at major hub locations along coastalChina, 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’sequity throughput of containers reached 55.00 million TEUs, ranking among the top global portoperators. In terms of quality, the master terminals controlled by the Company have occupied variousmarket and regional leading positions. Leveraging on the good ground of port technology and basedon the CTOS system self-developed by CMPort, the Company has worked out the worldwide firstfull-case, full-time, all-regime and multifactor traditional container terminal upgrading solution, andhas built the trade facilitation platform for the Guangdong-Hong Kong-Macao Greater Bay Areathrough blockchain technology, which has been extended to 30 terminals to help enhance the tradefacilitation level in the Greater Bay Area. In addition, the Company continued to promote ESGconstruction, 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 interms 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

Total assets (RMB)

(2) Key Financial Information by Quarter

Unit: RMB

Indicate by tick mark whether any of the quarterly financial data in the table above or theirsummations differs materially from what have been disclosed in the Company’s quarterly orsemiyearly reports.

□ Yes √ No

4. Share Capital and Shareholder Information at the Period-End

(1) Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed VotingRights as well as Holdings of Top 10 Shareholders

Unit: share

ZHEJIANGPROVINCIALSEAPORTINVESTMENT &OPERATIONGROUP CO.,LTD.

Strategic investors or generallegal person becoming top-tenordinary shareholders due toplacing of new shares (if any)

MORGAN STANLEYINVESTMENTMANAGEMENT COMPANY-MORGAN STANLEY CHINAA FUND

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

□ Applicable √ Not applicable

Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shareslending/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

Note: The Company disclosed the Announcement on the Proposed Change in Shareholding Structure of theControlling Shareholder on 14 December 2024, in which Broadford Global Limited, the controlling shareholder ofthe 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 toBroadford 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 andBroadford Global Limited, and was informed that China Merchants Holdings (Hong Kong) Company Limited wasregistered as a shareholder of Rainbow Reflection Limited (holding 21,120,986,262 ordinary shares in the sharecapital of Rainbow Reflection Limited, representing 74.66% of the total share capital of Rainbow ReflectionLimited), and Broadford Global Limited had completed the share cancellation procedures. Since then, the transferand trusteeship of shares were completed and the change in the shareholding structure of the controlling shareholderwas completed. For specific details, please refer to the announcement released by our company on January 25, 2025regarding 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

Bond name

(2) Latest Rating and Rating Change

On 29 February 2024, China Chengxin International Credit Rating Co., Ltd. (CCXI) issued the 2024Follow-up Rating Report (XPWHZ [2024] No. 0305). CCXI granted the corporate credit rating ofAAA 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 debtfinancing instruments issued by the Company in China.

(3) The Major Accounting Data and the Financial Indicators of the Recent 2 Years of theCompany up the Period-end

Part III Significant Events

1. Implementation Situation of Operation Scheme During the Reporting PeriodDuring the reporting period, the Company adhered to the general principle of seeking progress whilemaintaining stability. Aiming at the goal of achieving “world-class”, the Company maintainedstrategic stability, combined integrity and innovation, strengthened the controlled business,optimized management, refined operations, expanded the layout, and prolonged the new chapter ofhigh-quality development, resulting in all-time high performance and satisfactory results.

(1) Homebase port construction: Strengthening the homebase port foundation and enhancingcore 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 Portexceeding 50%, significantly enhancing its homebase port status. The bulk cargo business remainedstable with a positive trend, with compound fertilizer and rapeseed maintaining the No.1 marketshare nationwide, while imported wheat, meal, and domestic trade corn maintained the No.1 marketshare in South China. CICT in Sri Lanka expanded new quality routes and strengthened cooperationwith shipping companies, resulting in both container volume and profit growth. HIPG steadilylaunched its container business. Its port functions have been increasingly strengthened, and thebusiness indicators have steadily improved.

(2) Overseas expansion: Key projects implemented, and existing projects performed well. TheCompany vigorously promoted its international strategy. China Merchants Port, a holding subsidiaryof the Company, successfully completed the acquisition of 51% equity interests in the NPH projectin Indonesia at the end of June 2024, marking its first step into the Indonesian market and furtherexpanding its port network in Southeast Asia. In addition, existing overseas projects achieved strongperformance across multiple areas, with the business volume, revenue, and net profit of overseascontrolled 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. Interms of lean management, the Company systematically established the COE mechanism andpromoted it across the controlled subsidiaries, forming replicable management experience andachieving two-level interplay with remarkable results. Meanwhile, the Company’s engineeringmanagement capability and business control capability have been significantly enhanced through theoptimization of its organizational structure and improvement of its policies and mechanisms. Interms of cost leadership, from the meticulous mindset of “Every Little Bit Makes a Difference” tothe 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 Terminaland Duferco Terminal in Italy for CTOS licensing, implementation, and maintenance. The Companybuilt Internet of Things applications and a “digital base”, achieving full connectivity of IoT devicesand facilities in terminals. The autonomous driving product enabled system scheduling of unmannedvehicles in the pilot port area, with operational efficiency in pole efficiency and vehicle efficiencysurpassing industry levels. In cooperation with AI model manufacturers, the Company launched“AI+”, which includes equipment maintenance assistants, system compliance assistants, and portoperation 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

use of clean energy and new technologies, adding 12.3 MW of photovoltaic power generationthroughout the year, reducing carbon emissions by approximately 86 million tonnes annually. In theWest Shenzhen Port Zone, 185 trailers were replaced with new energy vehicles, and investment wasmade in the construction of a power swap station. CICT in Sri Lanka carried out electrificationtransformation for 54 trailers. Additionally, the Company collaborated with Guangzhou Port toexplore 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 Companycontinuously improved corporate governance, established a value creation benchmarking system,and promoted hierarchical streamlining, achieving a series of results that stimulated corporatevitality.

(7) ESG construction: Promoting decentralized management and achieving new ratingmilestones. The Company pushed forward the decentralization of ESG management, establishing avertical and coordinated interoperability mechanism from headquarters to subsidiaries, andstrengthened promotional efforts through special meetings, on-site research, and training. RegardingESG 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 ratingupgrade 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 ModelContributing over 10% of Operating Income or Operating Profit

Unit: RMB

3. YoY Changes to the Scope of Consolidated Financial StatementsOn 28 June 2024, CMPort Holdings, the holding subsidiary of the Company, completed theacquisition of 51% equity interest in NPH in Indonesia. From this date, the Company has the right toappoint the majority of the board members of NPH, which is the authority to lead the relevant businessof NPH. Therefore, the Company is able to control NPH and thus includes it in the Company’sconsolidated financial statements.

China Merchants Port Group Co., Ltd.Board of DirectorsDated 3 April 2025