CIMC schedules second EGM, proposes share buybacks and governance changes

China International Marine Containers (Group) Co., Ltd. (CIMC) announced its second Extraordinary General Meeting (EGM) for 2025, scheduled for November 6, 2025. The meeting will address several crucial proposals, including related-party transactions with subsidiaries of China Merchants Industry Group, updates to the 2025 guarantee plan, and revisions to the company’s Articles of Association, General Meeting Rules, and Board of Directors Meeting Rules.

The EGM will also cover significant share repurchase activities. On November 3, 2025, CIMC repurchased 375,300 H shares on the Hong Kong Stock Exchange at prices between HKD 7.03 and HKD 7.17, totaling HKD 2,676,267. Additionally, the company repurchased 5,065,250 A shares on the Shenzhen Stock Exchange, with prices ranging from RMB 7.86 to RMB 7.92, for a total consideration of RMB 39,999,216.5. These repurchases will be held as treasury shares.

Shareholders registered by October 31, 2025, for A-shares, and by October 15, 2025, for H-shares, are eligible to attend and vote. The EGM will utilize both live voting and online voting via the Shenzhen Stock Exchange trading system and internet voting platform. The proposed amendments and transactions underline CIMC's ongoing efforts to enhance corporate governance and operational efficiency.