CIMC independent director resigns amid share buyback activity

China International Marine Containers (Group) Co., Ltd. (CIMC) announced today that Mr. Yang Xiong has resigned from his positions as an independent non-executive director and a member of several board committees, including the Audit, Strategy and Sustainable Development, Nomination, Remuneration and Assessment, and Risk Management Committees, due to personal reasons. Mr. Yang will continue to fulfill his duties until a new independent director is elected by shareholders. His resignation will cause the number of independent directors to fall below the one-third requirement and result in a lack of accounting professionals on the board.

In a related disclosure, CIMC reported a share repurchase on November 14, 2025. The company bought back 971,700 H-shares on the Hong Kong Stock Exchange at prices ranging from HK$7.13 to HK$7.52 per share, totaling HK$7,157,791. These shares will be held as treasury shares.

Following the repurchase, the number of outstanding H-shares (excluding treasury shares) decreased by 971,700 to 3,052,235,895, while treasury shares increased to 37,602,000. The repurchase represents 0.03% of the company's previously issued shares (excluding treasury shares) and 1.22% of the total shares authorized for repurchase by the resolution passed on May 15, 2025.