China Merchants Port Group redeems debt, shareholders approve financial assistance

China Merchants Port Group Co., Ltd. (CMPG) announced the maturity and redemption of its 2025 first tranche of super short-term commercial paper, "25 China Merchants Port SCP001," on November 16, 2025. The RMB 2 billion issuance, with a 180-day term and a coupon rate of 1.51%, was fully redeemed on its due date.

Concurrently, during its Second Extraordinary General Meeting for 2025 held on November 17, 2025, CMPG shareholders approved the resolution regarding "financial assistance provided by a controlling subsidiary to its associated subsidiary, constituting a connected transaction." The meeting, attended by 72 shareholders representing 90.1601% of voting shares, saw overwhelming support, with 99.9984% of all participating shareholders voting in favor.

The meeting procedures, including convening, conducting, and voting, complied with relevant laws, regulations, and the company’s articles of association, as confirmed by legal counsel. The financial assistance involves a controlling subsidiary providing support to an associated subsidiary, which was classified as a connected transaction due to interlocking directorates.