China Merchants Shekou forecasts significant 2026 related-party transactions

China Merchants Shekou Industrial Zone Holdings (SZSE:001979) held its second extraordinary general meeting of shareholders on December 24, 2025, approving Resolution 1 to elect Xu Xin as a non-independent director for the fourth board. The resolution passed with 99.5882% of votes from attending shareholders.

Concurrently, China Merchants Shekou announced its subsidiary, China Merchants Commercial Property, projects total related-party transactions of RMB 151,220 million with China Merchants Group and its affiliates for 2026. This includes RMB 150,000 million in revenue-generating transactions—primarily asset leasing, service provision, and commodity sales—and RMB 1,220 million in expenditure-generating transactions, such as asset leasing, consulting services, and commodity purchases. These transactions are based on market pricing and reflect the company's normal operating activities.

Independent directors have reviewed and approved the forecasted related-party transactions, affirming their fairness and compliance with market principles, ensuring no harm to the company’s interests or its shareholders. These transactions do not constitute a major asset reorganization and do not require further shareholder approval.