CIMC Group to lease platforms, adjust 2025 guarantee limits

China International Marine Containers (Group) Co., Ltd. (CIMC) announced plans to lease "Huayelong" and "Huashanglong" semi-submersible crane and accommodation platforms from subsidiaries of China Merchants Industry Holdings Co., Ltd. The total charter hire for both platforms is approximately $140 million. Due to cumulative calculations under Shenzhen Listing Rules exceeding 5% of net assets, shareholder approval at a general meeting is required.

CIMC also intends to adjust its 2025 guarantee plan, maintaining a total guarantee amount of RMB85,000 million. Changes include reallocating guarantee limits: RMB19,000 million for company-provided guarantees to subsidiaries, and RMB30,320 million for subsidiary-provided guarantees. Additionally, the total guarantee balance for client-provided guarantees will increase from RMB25.40 million to RMB25.50 million, mainly due to new guarantees for Shaanxi CIMC Vehicles Industrial Park Investment Development Co., Ltd. clients. These adjustments will be proposed as a special resolution at the Second Extraordinary General Meeting for 2025 on November 6, 2025.