China Merchants Property completes share cancellation, reducing total capital

China Merchants Property Operation & Service Co., Ltd. has completed the cancellation of 6,626,202 repurchased shares, representing 0.62% of its total share capital before the cancellation. This action, finalized on December 5, 2025, aligns with the company's previously announced share repurchase plan. Following the cancellation, the company's total share capital has decreased from 1,060,346,060 shares to 1,053,719,858 shares.

The share repurchase program, conducted via centralized bidding from December 10, 2024, to November 27, 2025, involved a total expenditure of CNY 78,010,168.98, including stamp duty and transaction commissions. The highest price paid per share was CNY 12.14, and the lowest was CNY 10.44. The company will now amend its Articles of Association to reflect the new registered capital and total share count.