CIMC Group to overhaul governance, announces A-share repurchase

China International Marine Containers (Group) Co., Ltd. (CIMC Group) announced on October 10, 2025, that its Eleventh Board of Directors' 2025 Eleventh Meeting approved proposed amendments to its Articles of Association, Rules of Procedure for General Meetings, and Rules of Procedure for Board Meetings. These revisions are driven by updates to national laws and regulations, including the "Company Law of the People's Republic of China (2023 Amendment)". Key changes include restructuring the supervisory board's functions into an audit committee, unifying "Shareholders' General Meeting" to "Shareholders' Meeting", and updating provisions related to external regulatory requirements.

Concurrently, CIMC Group disclosed an A-share repurchase totaling 2,372,100 shares on October 10, 2025, at an average price of yuan 8.49 per share. The repurchased shares will be held as treasury stock. The total amount paid for this repurchase was yuan 19,999,299. These shares were bought on the Shenzhen Stock Exchange. This buyback is part of the company's commitment to enhancing shareholder value.